Understanding my wholesaling contract...

Bird Dogs, Wholesaling
21

Hi,

Real estate is a numbers game so you have to do everything you can to increase the numbers. Today was Sunday, I would have laid out 10 cards per 8.5 x 11 sheet of paper, I would have bought some colored paper at Walmart, Target or Office Max. I would have printed and cut out these cards on some bright colored paper and taken them somewhere and put them on cars and doors.

To place a card on a door use blue painters tape, it won’t damage woodwork or paint. In a lot of cases you may get a printer to make and cut these for you cheaper than you can print them yourself! Did you make a list of divorce attorney’s today? Did you put some ads on Backpage, yellow pages Orlando online, Orlando free classifieds, floridasads, Orlando Online, Orlando Sentinel, Orlando 4 Sale, Orlando Super Ads, Buy / Sell Community, Pure Local, Florida US Free Ads, Grudd, Orlando Weekly, Orlando Lancanto, Recycler, 1st Orlando Guide, Florida Boat Ads?, Classified Ads, Quik Ads, Domestic Sale, Ads In USA, Orlando Florida Ziply, Flyer Specials, etc. (These are all free platforms with the exception of Flyer Specials.)

And you say “But nobody is calling my ad” notice “Ad” is singular not plural, as in I really don’t want to work for this but “Show Me The Money”!!!

Do you realize literally thousands of people have to see your ads in order for one person to call you, you can’t just sit back and expect the phone to ring without putting effort into it, it just won’t happen. It might take 5,000 or 10,000 people to see your ad to get one seller and one contract to wholesale!

I gave you the answer, you might have to work at this for months before you get your first deal, so start forward and don’t quit!

                GR
22

Should I be putting my first and last name on these cards?

Just my first name?

Or just the name of a business, like “We Buy Houses,” or whatever?

I did register “www.we-buy-junk-houses.com” today.

Also, Orlando Sentinel isn’t free. Their cheapest ad is $97. Backpage isn’t free, it’s a few bucks. I’m hesitant to spend any more money until something actually comes in.

What motivated most of your sellers? Were they facing foreclosure?

Were they looking to sell their distressed property and didn’t realize they were looking to sell until prompted by you?

Also, of all the methods of advertising you used? What was the most effective at generating leads?

Also, you said there are more wholesaling deals than fix and flips. How can this be if I’m only buying distressed properties? Every buyer I have on my list is a flipper or another wholesaler. Who else buys them?

23

Hi,

I just placed in 30 seconds for free on Backpage "Redstar Wants A House" go take a look, but stop feeding us excuses!

It did not cost me a dime and it took me something less than 30 seconds - Under Orlando Real Estate Wanted!

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Location Orlando
Sponsor: No
Auto Repost: No

Posting Date: Monday, May 2, 2016
Posting Expiration Date: Thursday, June 16, 2016

Locations selected: Orlando

Title Redstar Wants a House

Thank you
orlando.backpage.com

orlando, fl free classifieds

backpage.com > Orlando real estate for sale > Orlando real estate wanted

All | Daytona | Orlando | Space Coast | Treasure Coast

all real estate for sale commercial homes for sale land for sale miscellaneous real estate wanted

Price $

Bedrooms:

any Studio 1 2 3 4 5 6 7 8

brief | summary

CASH BUYER Seeking to BUY BULK SFR (Houses) in Southern FLORIDA - OPEN NOW
CASH BUYER Seeking to BUY BULK SFR in Southern FLORIDA… SK

We buy houses, closing date of your choice, no commissions!!!
www.pdhousebuyer .com We buy houses! Do you need to sell…

ORLANDO - Sell My House Today! Open House - REALTORS - Keller Williams, Orlando, FL
Buy, Sell or Invest TODAY! Visit: GET MORE INFO! We… Orlando

HOUSE FOR SALE - Orlando, FL | Home BUYERS & SELLERS Call Me Now! - Keller Williams
Buy, Sell or Invest TODAY! Visit: GET MORE INFO! We… Orlando

WE BUY APARTMENTS - Investors Seeking to BUY 100+ MF Units in CA, FL, NJ, TX, & Other States (20+ )
Investors Seeking to BUY 100+ Multifamily Units in CA, FL,… SK

We will buy your house!!!
www.pdhousebuyer .com Need to sell quick? House vacant? Need repair?.. florida

Sell your house for cash , quick closing , no commissions!!!
www.cashforyourh ouses.com I can buy your property quickly, with no… Orlando

For Sale By Owner - What every FSBO should know!
Buy, Sell or Invest TODAY! Visit: GET MORE INFO! We… Orlando

Sell your house! Get rid of the problem and still make some cash!
www.cashforyourh ouses.com Sell your house for a fair price, on… Florida

Mon. May. 2

3br, Redstar Wants a House (Orlando)

Sun. May. 1

{{{*** WE BUY HOU$E$-CA$H ***}}}

Delete Ad
Your ad has been deleted.

Thank you

orlando.backpage.com

24

Hi,

 The word "Junk" is probable bad as most sellers don't want to equate there house as Junk and calling someone who buys Junk denotes probable a very low offer on a house that used to be Aunt Margie's who baked wonderful chocolate chip cookies when I was seven years old and had that Mongoose not come out of no where and taken Aunt Margie's life I would not have to sell her home! But don't call my Aunt's home Junk and I don't want to sell it to some man who just thinks it's Junk!!!

Now either you become a wholesaler or you don’t become a wholesaler, put in the time and work or don’t put in the time and work, it doesn’t matter to us, but stop pestering us about things we have answered already at least 2 or 3 times and until you at least have a lead there is no sense posting.

People sell house’s wholesale because:

  1. Were getting divorced and I want to piss off my soon to be ex wife because her name is not on title!
  2. Were getting divorced and I want to piss off my soon to be ex husband because his name is not on title!
  3. Mom died!
  4. Dad died!
  5. The house is in another state!
  6. I have a warrant out for my arrest in that state!
  7. I have a lunatic ex girlfriend in that state!
  8. I have a lunatic ex boyfriend in that state!
  9. My dog died!
  10. My cat died!
  11. My horse died!
  12. My cow died!
  13. My dog needs medical attention!
  14. My sheep needs medical attention!
  15. My sister died
  16. My brother died!
  17. My Shetland pony died!
  18. I choked my chicken!
  19. My uncle died!
  20. My aunt died!
  21. I want to sell my house because it’s haunted!
  22. I want to sell my house so I can go to my crack dealer!
  23. I want to buy a motorcycle!
  24. I want to have liposuction!
  25. I want a new pair of shoes!
  26. I need to repair my truck!
  27. I want to take my girlfriend to Europe!
  28. I want to take my boyfriend to Europe!
  29. I want to live in Redstars RV park!
  30. I don’t want to live in Redstars RV park!
  31. My mouse died!
  32. I’ve got cockroaches!
25

I have a showing tomorrow at one of the “handyman,” houses I found online.

I’ll remove “junk.”

I understand that these are reasons why people sell houses, but unless it’s too “junk” to list through a realtor, why wouldn’t they use a realtor if their mouse died?

I guess it doesn’t really matter, though, as long as they’re selling it.

26

Gold River, are you getting frustrated with this guy yet? These freakin questions never stop, and yea. your right, it is ones we have answered previously. I have sent him a few books, there was enuf info just in those publications for a normal person to run with.
I explained that he needed to do multiple email addresses and ads on CL and that I had 50 going b4 I had some calls and deals. He does 4 ads and wants to know what’s wrong. He over analyzes everything, and Wholesaling is such a simple process.
I want to help the guy but he seems to lack common sense. The crazy part is he’s been on here asking these questions for 6 months and he’s just now ordered a few bandit signs and placed 4 ads.
He accused me of living in a trailer park and being a liar about the money I was making.
I got a feeling that after he places his 50 bandit signs and places 4 more ads on CL and he doesn’t get big results, because we all know that’s not enuf marketing to do deals. He’s going to blame us, the ones that tried to help him.
And he’ll soon be working in that machine shop for 10 buks an hour.
I can appreciate some questions, but holy crapskie, they never stop, doesn’t he understand that success takes massive action?
What can we do to help this poor soul and to get him on track and to stop embarrassing himself with these endless common sense questions that never stop???

27

I’m just wanting something to happen, that’s all.

I’ve been posting ads all day.

I’ve only been serious about wholesaling for possibly a week. Not 6 months.

Trust me, after I get my first result, I’ll have a whole new set of questions. Then, after I close my first deal, I’ll probably just post success stories.

50 bandit signs is not enough to get results? That’s discouraging.

But we’ll see what happens…

28

Patience has never been a virtue of mine…

I just went out “bird dogging,” again…

I found a few houses. One, they were not interested in selling, the others, I left my contact info and wrote the address down… Which will cost a stamp to mail them a letter…

Made changes - I now have about 15 ads running on different sites and will continue to update them… also, I’m raising my bird dog rate to $1000/house. Hopefully, people will be more motivated that way. I’m also hiring bird dogs in other cities. I noticed that Gold River made over $1,000,000/year, but he was working in many different major metropolitan areas at once. I think I can do this.

Another question I have is that if Gold River was wholesaling almost 25 houses per month in different cities… There is no way he could have inspected those houses himself. Did you just talk to the owner on the phone and take his word for it?

29

Rando:

Let me ask you a question on how you got stared. When you were placing ads on craigslist, you stated that you were placing up to 50 ads. How many markets did you place ads in 1,5,10,50? Did you do the same with your bird dog systems (markets I mean)?

I have been lurking on this forum for years, but never got serious. Yea, I bought the courses and tapes, but didn’t have the motivation (desperation). Now I do cause I lost my job.

I have been reading the posts from both Rando and Gold River and they have given me the motivation to get this damn thing started. Gonna start by setting up a bird dog system that Rando talks about. I even found a program that automates all this stuff.

Now to go make some money…

30

I’m not sure if I understand your question of how many markets did I place my ads it? I Did multiple towns and counties and cities and states, are those dif markets, I thought it was all the same market just dif locations, I’m still blind leading the blind.
I wud only do Craig’s List ads if you don’t have money for bandit signs and absentee owner mailing campaigns. I try to keep mine going when I remember, but in 3 years I’ve only got a few deals from Craig’s List. But because I didn’t have money and I was desperate, I started placing ads for bird dogs in all the nearby towns, and that paid off big time. Back then I was splitting my profits 50/50 and I still made a killing. But you gotta have the patience of Jobe working with non productive Craig’s List applicants.
I luv bandit signs, I havnt used them much and I just got another bad ass kicken deal that’s paying out 15 friking thousand. And Last month a bandit sign got me $8,000, and last November 10K and last summer 8K but sometimes I can go 4-5 months and no calls on those signs, something about Spring and good weather gets people in gear.
But glad to hear your ready to get in gear, I was in a desperate situation b4 I made the decision I was going to do Real Estate.

31

Hi,

I really look at Rando, Jay and some of the other guys for current methods and their advice and knowledge. It has really been years since I wholesaled property but maybe more recent experience was flipping properties retail in Las Vegas in 2004 - 06 when contracts for retail prices were gaining a premium of $10k or $15k in 15, 20 or 30 days.

When I wholesaled in the mid to late 90’s it was a different time, property was not quite as expensive and the advent of the internet really helped propel wholesaling into the 21st century. When I got started wholesaling we were transitioning from bus tours into list’s of property (Sellers) and potential investors (Buyers) available all the time rather than grouped together and presented to a tour of people every few months.

When I was wholesaling and flipping I was using every advertising method and every list available to move property, I would use online advertising combined with posting signs and placing door hangers / cards and sending letters to lists of vacant properties, divorces, deaths and bankruptcy’s.

The problem is how big do you want to get? If you are happy turning a hand full of deals a month then bandit signs, some ads and sending out some mailers every few months will probable do the trick. If you want to turn more property you have to use more advertising and marketing strategies to drive traffic.

Think about Craigslist, it might be a poor medium for advertising in your area and a great medium in someone else’s area; that’s just the market we live in and whether online advertising is a go to platform to sell or buy real estate. In other markets bandit signs are great, there seen easily and it tends to put that old property of Uncle Franks back in your mind, especially if the property tax bill or insurance bill just arrived.

Wholesaling is relatively easy especially if your in a good market area, it only takes a few hundred to a few thousand dollars to get going, but it takes commitment and steady solid work ethic to get it going, the more you put into it the more you get out of it!

Probable the most important thing in wholesaling is recognizing the trash from the treasure! You have to have some comps to know the FMV in order to assess current value, without it it’s like trying to climb a building without a ladder!

                GR
32

I have a realtor that sends me CMA’s on any property I find as well as ones that she finds.

I am committed to making this work.

A few houses per month is enough to get my income to $300,000/year, which is much better than the $25,000 I’m making as the RV park manager.

Still waiting on my bandit signs in the mail.