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"So Mike, what got you into real estate investing?"
...asked a fellow Skool community member today. My response, a true story: Quite a few years ago, a kid from the inner city knocked on the door of my house in the mountains, up a long steep driveway. I was impressed. Not many get that far. Although I intended to get rid of him ASAP, his pitch was so good, I caved and said, OK what have you got? He was selling magazine subscriptions and one was "Creative Real Estate". It's a buzzword today, but at the time, it piqued my interest, so I bought a subscription. I was already in the construction business, and had flipped a trailer home for a nearly 300% ROI, so the ideas in that magazine really accelerated my progress. You flip a deal for $91k in a matter of a few weeks, and it's addicting! They're not all like that, but if you know what you're doing, real estate investing can be a pretty high leverage use of your time. In fact, in my experience, wholesaling is THE gateway to financial freedom through real estate. What's the main thing holding you up at this point? Post below,👇 and give other members of this group a chance to share their experience and encouragement with you, and I'll do my best help too!
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"So Mike, what got you into real estate investing?"
What's the Best Way to Build a Solid Buyers List?
There are at least a dozen ways to build a strong buyers list. You want buyers who are hungry for deals, able to move quickly and clear on what they want. My current top 3 methods for finding buyers I can count on: - InvestorBase - REIA meetups - "Goldilocks" agents: Not your hot top producers and team leaders, but not agents who've only sold one deal in the past 12 months. You want agents in the middle of the pack who are active, investor-friendly, and hungry for deals These are what's working best for me as of today. What's works best for you?
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Which to Get First - Deals Under Contract, or Cash Buyers?
A lot of would-be successful wholesalers struggle with this question. I see it as a chicken and egg scenario. I've made over 300 offers since January of this year. Out of those, I got four house deals u/c, thinking they'd be no-brainers for buyers. What I discovered is (a LOT) more buyer reluctance and wariness of the current market than I'd imagined. I released every one even before my EMD deadline had passed. All agents were appreciative of the effort and swift decision during the DD period. However if I hadn't gone under contract and really got a sense of what the few buyers I'm in touch with at this point (my #1 priority right now is building that bench) were feeling, I'd be way less in touch with my market and what really flies in the acquisition offers I'm making. What do you see as your greatest hurdle to successful deal-making at this point?
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May 31 • 
Q&A
Are Short Sales Worth Pursuing as a Wholesaler?
Received this response from the listing agent to my offer at $109,550: "Well will you go to $156,500 with no assignable contract? Otherwise it will automatically be denied by the bank with this being a short sale (with appraisal in file)." So, are short sales worth pursuing as a quick cash flow strategy? The answer, especially if you are early in your investing journey is an unequivocal NO. Let us count the reasons why: 1. 𝗕𝗮𝗻𝗸𝘀 𝗔𝗿𝗲 𝗡𝗼𝘁 𝗠𝗼𝘁𝗶𝘃𝗮𝘁𝗲𝗱 𝗦𝗲𝗹𝗹𝗲𝗿𝘀: A distressed homeowner may be motivated, but the bank usually isn't. (Or at least tries to make like they're not.) They're just trying to minimize loss and justify the payoff internally. 2. 𝗔𝘀𝘀𝗶𝗴𝗻𝗺𝗲𝗻𝘁𝘀 𝗔𝗿𝗲 𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗥𝗲𝘀𝘁𝗿𝗶𝗰𝘁𝗲𝗱: Many short sale approval letters prohibit assignments, double-close markups, same-day resales, or even resale within a certain period. 3. 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗧𝗮𝗸𝗲𝘀 𝗙𝗼𝗿𝗲𝘃𝗲𝗿: Wholesaling is all about speed, certainty and momentum. Short sales are all about waiting, more waiting and additional waiting. 4. 𝗧𝗵𝗲 𝗦𝗽𝗿𝗲𝗮𝗱 𝗚𝗲𝘁𝘀 𝗦𝗾𝘂𝗲𝗲𝘇𝗲𝗱: Suppose ARV = $250k, rehab = $60k and you think the deal is worth $120k. The bank appraisal says $165k. Guess who usually wins? The bank. Oops, there went your spread. 𝗠𝗼𝗿𝗮𝗹 𝗼𝗳 𝘁𝗵𝗲 𝘀𝘁𝗼𝗿𝘆: Except in rare instances where it's worth your while to exercise extreme patience, stay away from short sales. (See attached)
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Are Short Sales Worth Pursuing as a Wholesaler?
Mar 26 • 
Q&A
Q: What’s the Best, Fastest, FREE Lead Source for Wholesaling?
Short answer: There isn’t just one. But there are a handful that consistently work — especially when you’re starting out with more hustle than budget. 𝗠𝘆 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗙𝗮𝘃𝗼𝗿𝗶𝘁𝗲𝘀 (𝗕𝗲𝗴𝗶𝗻𝗻𝗲𝗿-𝗙𝗿𝗶𝗲𝗻𝗱𝗹𝘆) 𝟭. 𝗔𝗴𝗲𝗻𝘁 𝗜𝗻𝗯𝗼𝘂𝗻𝗱 (𝗠𝗟𝗦 𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽𝘀) Build relationships with agents → they bring you deals 👉 Fast, scalable, and relationship-driven 𝟮. 𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗳𝗼𝗿 𝗗𝗼𝗹𝗹𝗮𝗿𝘀 Find distressed properties no one else is targeting 👉 Sweat equity → high-quality leads 𝟯. 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗟𝗶𝘀𝘁𝘀 Pre-foreclosures, code violations, evictions 👉 Built-in motivation (if you approach it right) 𝟰. “𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗕𝗮𝗻𝗱𝗶𝘁 𝗦𝗶𝗴𝗻𝘀” Facebook groups, local posts, simple outreach 👉 Quick conversations, zero cost 𝟱. 𝗦𝗘𝗢 / 𝗔𝗜 𝗥𝗲𝗳𝗲𝗿𝗿𝗮𝗹𝘀 (Advanced but powerful) 👉 Slower ramp, but long-term inbound machine if done right 𝟲. 𝗘𝗺𝗮𝗶𝗹 𝗕𝗹𝗮𝘀𝘁𝗶𝗻𝗴 (Learning this now, a particular of mine b/c of my background in email marketing) 👉 Hearing strong things, still testing 𝗧𝗵𝗲 𝗥𝗲𝗮𝗹 𝗔𝗻𝘀𝘄𝗲𝗿 𝗠𝗼𝘀𝘁 𝗣𝗲𝗼𝗽𝗹𝗲 𝗠𝗶𝘀𝘀 It’s not the list. It’s your ability to: • Start conversations • Build trust • Follow up consistently Give two investors the same list… One makes money. One doesn’t. My Take for Beginners If I had to start over with $0: 👉 Agent relationships 👉 Driving for dollars 👉 Facebook / digital bandit signs Stack those daily and you’ll get leads. 💬 Question: What’s been your BEST lead source so far — or what are you testing right now?
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