November 08, 2022


If we can't solve a problem, we're not gonna make money, okay, how can we solve a problem? If we don't know what's going on. So, it's important to dig deep into these sellers, because really what they're telling you is just, you know, for lack of a better term, it's just ammunition on what you can use against them. You know, whenever you're talking about the house, you know, and also, you know, they're just telling you the condition and, you know, all the different things about the property and everything going on in the situation that they're in. But really, you know, a lot of people, a lot of sales people at least tend to try to build rapport by, by common ground or having something, you know, in common with a seller.

November 07, 2022


And usually, you know, guiding them in the right way, obviously asking the right questions. You know, they're gonna tell you everything. Most cases, they're gonna tell you everything that's happening with them, you know, and you just keep asking more, you know, and you can say really, okay, tell me more about that, you know, just to kind of keep them going, keep them talking because typically they're gonna tell you everything about the house, what's going on with it, why they're in this situation they're in, you know, it's just about having that quality conversation, being patient with it and not trying to over talk, you know, talk over them and that kind of thing, just truly listening and really caring about their needs because, you know, at the end of the day, us as wholesalers, we are problem solvers.

November 06, 2022


You know, quality conversations with the seller is what it's all about and the longer conversation and typically the more report your building and the better it turns out, I'm not saying talk on the phone for 30, 40, 50 minutes, you know, I'm not telling you to do that. you know, because I do have an acquisition manager that loves to talk and you know, a lot of times he's just wasting time because really, you know, what you want to do is just listen more than anything. And oftentimes if you ask the right questions they're going to tell you and you just kind of be quiet and just listen to what they have to say. You know, that's, that's really just sales one on one.

November 05, 2022


So, when you do have a seller on the phone, you know, just act normal. You know, it's okay that you're probably not an expert yet. They don't know that that's the thing. They're probably as nervous or more nervous than you are because they're in a situation that is typically embarrassing to them in a lot of cases or, or a lot of times they just, they don't even necessarily tell you everything that's going on. Sometimes you have an idea based on the list that you that you had, however you got that cellar, you know, whatever kind of marketing you did, whether that's them calling you are you calling them? You typically will have a list. So, you kind of have an idea of what their motivation could be even though they don't always tell you that.

November 04, 2022


You know, talking to sellers it's really easy, you know, you're just having a conversation that's really what it boils down to is quality conversations with sellers okay? You know, and often times when you start out you might be a little nervous and that's okay nerves or normal. At least you're taking action and you're doing something not just relying on other people or on hoping that someone might, you know, call you or something like that, but just taking proactive action to actually talk to these sellers is important.

November 03, 2022


One of the biggest things in skill sets that you have to develop is talking to sellers because that is how we get deals, right? So obviously marketing is the lifeblood of a business. But then, you know when that marketing starts coming in, you have to be able to talk to these sellers and know what to say and how to handle them and kind of read into what they're saying sometimes and ask more questions, too. So, let's just get into it.
 

November 02, 2022


I own houses in eight different, counties in one particular state because I don't care where I buy. If it's a deal, I'm gonna buy it. You know, some people want to be like, I'm gonna be in this particular area. Hey, if I'm virtual wholesale and I can virtual buy houses and landlord and all those things as well. So, and I, and a virtual flip too. I mean, I flip, it's about 1000 miles away from where I live and we flip one or two houses every single month and I've got a local contractor that I trust. You know, it takes time to build the trust and the people on the ground for you, But it is.

November 01, 2022


I'm all in on a house for $5000 that I'm making $300 to $400 a month forever, as opposed to a single family home that you're putting, you know, $10,000 to $20,000 down on a lot of cases and you're making a lot of times one or $200 a month cash flow. Yes, it's an asset that you can have all those benefits of tax wise. But at the same time, cash flow is really where it's at, especially when you're new, you know, building your cash flow up is kind of what can replace your income eventually. So that's kind of what my goal is just for cash flow and eventually I'm sure that will change and it may or may not. I mean I'm kind of in the mindset to where I'll buy anything that makes sense. I don't care if a single family, multi family mobile home, whatever it is, if I can make money at it, I'm gonna buy it. I'm not picky

October 31, 2022


I'm really just looking at what can I charge monthly, how fast can I get my money back that I put into it and then what are people willing to pay for other similar properties with similar square foot or less ▪ in apartments or single family homes for that matter? And typically, they can get into a mobile home a little bit for a cheaper amount. And I make them, like I said, I make them nice to where they're clean, safe and affordable. So, and we do typically put new carpet and that kind of thing in there, so it always smells good and looks good. So, it's hopefully a place that they're proud to call home. So, in my opinion, mobile home investing is awesome. You know, and yes, you can hold still those deals if you want or if you want to try to build your portfolio on a cheaper, you know, buy in, you know, that's the way to do it.

October 30, 2022


If I can make that kind of cash flow and that's forever, you know what I mean? That's just forever mailbox money, you know what I mean? So why wouldn't you do that? Who cares if it's a mobile home? You know, the whole goal on mobile homes, you definitely don't ever want to over improve them. Never put granted in or, or hardwood floors or anything crazy like that. All you want to do is make it safe, ▪ clean and affordable? That's really it. Is it a safe place to live? Is it all clean? And is the place affordable? You know, because if you can get a three bedroom, two bath house for 900 a month and the apartment down the street giving you a two bedroom, one bath for $1150 a month. I mean, what are you gonna choose? Own your own mobile home? That's really nice and remodeled? Or do you want to just go to the apartment where you're just throwing money away and a lot smaller space? So that's typically.

October 29, 2022


Mobile home investing can be big and you can wholesale those. You know, I could find, you know, somebody that probably would want to pay $15,000 for that mobile home just for the cash flow. But a lot of buyers, you'll see a lot of investors shy right from those because it is a depreciation asset, depreciating asset. But at the same time, you know, a lot of these same buyers are only making $150 on a, on a on a regular single family home per month on cash flow. And, you know, I like, I like more, you know, I mean, typically I want at least $400 a month in cash flow. but $300 is my minimum, typically. So, if it's $300, $400, you know, I'm good, or if it's higher, that's even better.

October 28, 2022


So, mobile home investing can be good. So, if you've ever thought about it, don't let people deter you from it because it can be profitable or very profitable because if you think about, if I'm all in on five grand, you know, on a property, $400 cash flow times 12 months, that's for $800. So that's only, that's almost like 100% cash on cash return. If I spent five grand and I made five grand that year, I got all my money back the same year. You know, that's 100% of my money back year one. So, everything after that is gravy, right? It's all profit from there on.

October 27, 2022


Mobile home investment is something that I do. It's not sexy. You know, a lot of people won't do it. You know, they just want single family because it's an actual asset. You know, mobile homes are really a depreciating asset if you think about it because they don't gain value like a single family or multifamily would do. It does decrease in value as time goes on, but if you're making three or $400 every month for the next 15 or however many years, who cares? That's awesome, Right. Especially, you know, kind of my rule of thumb is on a mobile home is I'm gonna buy one for more than five grand and that's just the way I do it

October 26, 2022


I sold it on a rent to own for $38,000 and they're paying me like $850 per month. So, it's huge cash flow, 12% interest over a 15 year period. I mean it's a win in every scenario and it's a super nice place, you know, I just got a smoking deal on it and you know, I sold it for top dollar and to be honest, the park, they sell their new ones for 55 - 75 depending on you know how nice it is. So, getting an almost brand new house, you know, four years old for $38,000 was a smoking deal for the Empire as well. So, you know, so they want too.

October 25, 2022


I bought a 2015 model trailer once in a mobile home park and now the lot rent is around $400 a month. The local rents in the area where 88 50. So, I figured well that's pretty good gamble and into 2015. How bad can it be? And so, keep in mind I bought this in like early 2019, I knew that I could make money on it because I bought the place for $2000. So, you can't really go wrong with 2000 bucks, you know, I don't care what it is if it's just a lot, it's worth 2000 bucks. Obviously, this isn't a lot, I don't own a lot because it's in a mobile home park.

October 24, 2022


Whenever I buy mobile homes, I'm not buying those to wholesale or to flip or anything else. I'm buying those for cash flow and that's it. To be honest, I'm buying those just to keep for myself to bring me monthly income forever. Okay. So, the way that I actually buy those though, I do want to buy them cheap like we do anything else, you're still looking for a motivated seller willing to sell you a property for a lot less than typically what you can sell it for when it's all fixed up. Okay.

October 23, 2022


What is mobile home investing? So, let's just get into it. I bought mobile homes a couple of years ago in a community and I just happened to see these deals on Facebook marketplace, so I was like, well, it's worth a chance. Let me see what it's all about, right? It seemed like a cheap enough deal to where, you know, I figured I would just jump in and buy it. So other mobile homes, I've come across our plate in previous times, and I've just always kind of shied away from it because I wasn't really sure like how do I even analyze it to be honest.

October 22, 2022


Truly do what it takes. You know, now is the time not later. What are you waiting for? Tomorrow's not gonna be different. Just like when you're a new married or whatever, you're always like, okay honey, when should we have kids? You know, let's wait till this. Let's wait till this, wait till we can afford it. Well, the point is, I mean I have four kids so I know you can never afford it, right? Just have the kids if that's what makes you happy and that's what you want. Just have the kids. It's the same way with whole selling. You know, you're always waiting for a better day or I gotta learn this first or I got to do that or when things are in place or you know all these things, forget all that I'm telling you right now. Just do it. This business just takes action. That's all it takes. Be willing to do the action every single day consistently day in and day out until you make your dreams come true. And that's really it.

October 21, 2022


So whether you're new to wholesaling or you've been doing it for a while, you probably throw away a lot of leads that you don't have to throw away because you think they're no good because maybe they want closer to retail. Well, I've got the perfect solution for you and no, it's not creative financing is something even better in a lot of cases. Stay tuned and I'll show you exactly what I'm talking about. Hey, what's up guys? My name is Graylan Stewart. Thanks for joining me today. I am a real estate investor entrepreneur, virtual wholesaler. We do innovations, creative finance, a little bit of everything fix and flips, buying holds. So, my channel is primarily about wholesaling real estate because that is to be honest, our first exit strategy in our business. That's our goal on every property is to wholesale it. If we can't wholesale it. Sometimes we pivot end up keeping the property as a rental. We might fix and flip it or we turn it into innovation deal, we might hotel it or ▪ we might try something more creative. But today's video I'm talking about specifically Novation. Okay, so you've probably heard me mention it a couple of times throughout some of my videos recently. Okay, now we started doing innovations just a short few months ago and it's definitely been a game changer. So, you may not have even heard the term because it is still fairly new as far as people talking about it. But innovations have been around for a little while, but essentially what you're doing when you're doing innovation deal, it's essentially you're selling a property on the mls, just like a traditional realtor does. But we're selling it to these, you know, actual via F. H. A. Conventional buyers. You're kind of wholesaling on the mls. It's sort of a hybrid K.


It's like a hybrid between wholesaling and actually retailing the house, like with the with the regular realtor, you know, to a regular conventional buyer. Okay, so that's kind of what it is. It's really just a hybrid K. Now, how do we do the novation deal? Really, it's all in your conversation. So, the criteria is you're really being more upfront with the seller. You're kind of telling them like, hey, you know, this doesn't really work for us. Obviously, you know, for cash, we have to be at $55,000 and I know that you won't drop below 75,000. So, really cash option just won't work for you or for me either one, right, But we do have another solution. It's a solution that Gives you your price at $75,000. And on top of that, it allows us to just take over the entire process for you to where you literally just have to sit back and wait for the closing date to get your check. Okay, now the way it works is we will actually get three contracts signed up front from the seller and then we'll get one more signed once we find a buyer.


So, there's actually four contracts for agreements or documents that you have to get signed in innovation deal. Okay. So, what it really is your, your wholesaling on the mls legally. And we are acting as the seller on behalf of the seller because they sign either a power of attorney or attorney. In fact agreement allowing us to sign on their behalf. So we're signing on their behalf. We're negotiating with, other realtors and things like that. But I get this question often and we even get it from our sellers not necessarily from our sellers, but we get it from like my acquisition managers, especially when we first started doing them. They're like, well, why wouldn't somebody just go list their house if that's all we're doing for them. Okay. So here's the difference and it's all in your presentation and how you present it obviously.


But really what innovation deal is just a legal way for us to list the house on the mls for top dollar. Okay. But the criteria is obviously you're having a different conversation. You're more up front with them. But I wrote some notes down here. The properties are typically in pretty decent condition. So it's livable. Right? These aren't the hoarder houses or the super junker houses that are boarded up, falling in roofs or any of that. Okay. They're usually a little bit nicer house. They might need some repairs, like some paint cosmetics, but typically nothing super major. All right. And then the time commitment from the seller is important because usually a wholesale do a part of that part of the reason they these sellers gravitate to wholesalers or people offering cash for homes and things like that is because of our time. Okay. We're telling them we're gonna pay cash and close fast, right? And that is what intrigues them. They need the cash and they want it fast, right? But when you're doing innovation deal, time is not necessarily a factor for them. They're like, yeah, we can wait a little bit because I'm not dropping below by 75,000. I need that. Let's just use 100,000. I always use that as an RV because it's simple math, $100,000 house. We oftentimes want to be in the 40 to 50 range probably. But let's just say we were trying to offer 55 because it's not horrible shape, but it does need some work and they just flat won't come off of 75.


So, in that scenario we're like, well we have another solution for you, that we can help you out with, you know, we kind of explain the process. All we need is a little extra time since you're not really in a super hurry and you want your price, we can give you your price, but we need a little more time. You know, not our typical 30 day close, but you know, maybe even up to 90 days, 60 to 90 is what we're asking you to commit to. So, give us time and also allow walk through is because we are going to shop this to our pool of cash buyers being totally upfront like I said, and we're gonna put this on the mls and all other websites for the world to actually see this property. And they're like, sometimes they do ask, well why wouldn't I just list this myself if you're doing that? Well here's the difference Mr seller. Now we're offering this service to where you have your price up front and you literally sit back and wait for closing date, show up at closing and sign some documents and get your check. Okay? Now if you're gonna list us on the mls, you're gonna be dealing with the realtor back and forth, they're gonna be calling you all the times is this time okay for showing is this time okay?


You know, then they're gonna get to the inspections and tell you you gotta fix this, gotta fix this, gotta fix this. Then you gotta pay for all those things and wait, go through the hassle of finding your own contractors to do those things. Then you're going to finally get to closing and you've got your closing costs, you're gonna pay realtor fees, you're gonna pay all these different fees and headaches right? So, the difference with us as opposed to you going through all of that mess. Just let us handle all that for you. We give you your price up front. You get your 75.


Now we might sell this this house for 80,000 and they might ask for $5,000 in repairs. So we're taking all the risk. We're obviously breaking even or probably losing because we're also paying realtor fees and closing costs for you. So that's why when you're when you're doing these deals you do have to get these at the right price still but you can't pay more we can probably pay 75 at the house is in decent condition. Just needs cosmetics because we're gonna list it for 100 at the A. R. V. Right? And let's just take off 10% for all those fees. Smaller repairs after the tr r which is the repair list after inspections. The closing costs and realtor fees. Now we typically list it with a flat fee realtor that'll charge a couple 100 bucks to list it. So, we're really only paying 3% on the back end to you know a buyer's realtor. Okay so we're paying 3%. They're usually closings close to 3% and we factor in a couple of percent for the repairs. Okay? So we just knock off 10 grand from the get go. So, you got $100,000 house, we're probably gonna list it, at $100,000 but we're already kind of deducting 2 90 as our fees that we're gonna have to end up paying on the end. Okay. So, we have a $15,000 spread built in of profit because we're gonna take our 10,000 out for potential fees that we're gonna have.


So therefore, in in a recent, you know, previously we would have just said, well, you know, we would have maybe pitched the creative finance, you know, we'll take up our payments or, you know, we, we can give you your price if you give us the right terms, you know, and a lot of times they don't want that, they just want their money. Right? So in that case we'd have through the lead away because they can't get to our 55 at our max offer. and they're stuck on 75, you know, that's 20,000 are gap that we just can't close. But now with innovations that $100,000 house, we're gonna sell for maybe 98 you know, negotiate a little bit with the buyer and then we're taking 10 off. So, we got 88 ▪ we got it at 75. So that's a $13,000 spread that we got there. So that's essentially the wholesale fee that we typically, I would have just thrown in the trash before, but now we're, we're basically pulling $13,000 out of the air where we just brought a dead lead back to life, if that makes sense. So, innovations are powerful. Y'all, it's, it's definitely changed our business. We've got, I was just looking this morning, 24 deals in escrow and 10 of those are innovation deals. So that is a game changer. That's 10 leads that we threw in the trash, literally that were no good at all that. And now we're probably gonna make 10 to 20 even 30 grand on some of those. so, it's the same deal. We, we still want to make a minimum of 10, 15 grand on a deal. but we can just pay a little bit more.

So therefore, you don't really have a lot of competition because all the other cash buyers and wholesalers and fixing flippers and landlords are offering people these same people around the same price. We probably did 55 they might get up to 60 but nobody was ever able to give them their 75 unless they did creative financing, which they didn't want because they're gonna get their money over time.

But if they want their money now, it's in decent condition and they're willing to wait a little bit and let us show the house here and there, then boom, you got innovation deal profit ready to happen. So anyways, hopefully all that made sense. Drop me some comments, I'll do some other videos on innovations, I'm definitely gonna make a mini course innovations just to kind of share more value for the ones that that want that, you know, totally optional, obviously, but hopefully this is beneficial, dropping a comment. Let me know your thoughts like subscribe share. Do all those things to help me out so I can keep bringing you free content. Thanks a lot. And I'll see you in the next one.

 

October 20, 2022


Like other A. T. Ms. You have to have money in your bank to be able to put your code in to get money out. So, the same way on this, you have to have leads in your CRM or coming into your pipeline to be able to type your pin code in for money to come out, you know, the same kind of thing. You have to feed it. And and it gives you more, right? So that's kind of how that is to me, but wholesaling is a great way to do that. It's gonna be my year for sure. I already know it's gonna be the best year I've ever had. Not only it's because I'm saying it is because I'm gonna make that happen. I'm not gonna try to make that happen. We already went over that right. Triers are liars, trying means nothing to me. I don't even don't even use that word because it means nothing.

October 19, 2022


So, my wholesaling fees actually pay for the flips that we do you know and the rentals that I keep, you know it's because of wholesaling that's just a stepping stone you know and that could be whether you're wanting to do apartments or whatever it is if you're wanting to hold properties for long term wealth. Wholesaling real estate will help you build that cash flow. You know because it's literally like an A. T. M. Like if you just picture this whole selling contract here and you've got this whole selling assignment contact you just put these together side by side type in your pin code and out, spend some money. I mean it's amazing. It's literally an A. T. M. That's what I love about whole selling.

October 18, 2022


Wholesaling real estate can just be a stepping stone for you to do more and to actually invest in real estate, not just be a wholesaler because keep in mind, you know, you're not a real estate investor. If you're not actually invested in homes, okay? You're just a wholesaler. If you're if you're selling paper, you're selling contracts and that's okay, because that's our main goal, that's what we want to do all day every day. But yes, I am an investor to I do buy houses, we do actually flip houses and we do keep them as rentals as well, but it's because of the whole selling money that we get enables us to do that, okay.

October 17, 2022


You're truly a hustler like, you go do whatever it takes to get done to get things done, you know, whatever you're doing, like a real hustler, then wholesaling real estate is where it's at, I'm telling you right now, and what that is that's a building block for you to become an investor, Okay, a real estate investor. Because I do believe real estate, if you, you know, I haven't looked at myself, but I do believe that real estate is one of the best ways that you can make money, and it's also, one of the top ways that people have become millionaires is through real estate in general. Okay.

October 16, 2022


You can you can earn multiple six figures a year, you can earn seven figures a year, you can earn whatever you want if you're willing to do it. And I would say, you know, one of my channel or one of my videos on this channel, I've talked about how whole selling real estate is the best side hustle there is, and I truly, truly believe that if you really have that hustle, that some people have, some people don't, ▪ and I'm not talking about just a normal hustle, I'm talking about do and do whatever it takes, kind of grit and hustle and desire and want more and strive for more. You know, if you really have that in you, I truly believe Wholesaling real estate is the best side hustle there is if you're truly a hustler.

October 15, 2022


And whether I reached that or not, I always strive to do that, and I always believed I was the best whether I was or not, and I usually was I was usually one of the best at everything I've done. You know, because that's what I strive for. I don't take anything less, you know, as an option, right? And, you know, because I want to be that 1% and no matter, no matter what I'm doing, whether it's physically spiritually, mentally, in business, in athletics, whatever the case is, okay, always strive to be better, strive to do better, strive to want better and nobody can do it or want it for you. You have to do it yourself and want it yourself if you want to really change your life.

October 14, 2022


But if you want to do something, you want to change your life, what are you waiting for? Do it today? Make that the year that changes you and your family's legacy? Okay. That can be whether that's wholesaler or not, it doesn't even have to be wholesaling real estate. Whatever you decide to do with your life, give your all, you know, that's kind of what my mindset has always been my whole life and everything that I do. I also used to be on the national USA tumbling team and I did that for years and years. I won nationals 16 times and it wasn't because I tried, you know, because I did it, you know, and that's just what you do. I've always strived to be the best at everything that I do.

October 13, 2022


If you want to make money start today, there's no tomorrow, you know what is tomorrow? There's no such thing. And also, people are like, well, I tried this or I tried that. You know, what does that mean? What does try really mean? Is that even a word I mean? Truthfully try. What is that? I mean, I tried something. A guy that I used to know, he was an acquaintance. Wasn't really a friend. Just a guy that I knew. He used to say Triers are liars. What does try mean? Either you can or you can't right, that's the bottom line. You will or you won't, you're gonna do it or you're not, there's no trying things, okay? You don't try wholesale and you're gonna do it. You're gonna wholesale the deal or you're not.

October 12, 2022


I was doing 1%. I was, I was doing what, 99% of all the other reps in the nation. There was about 600 or so reps nationwide and I was in the 1% for that reason because I was willing to do the things that the other 99% weren't willing to do. And that's really the bottom line. So, it's no different in wholesaling or any other business that you're in. Trust me, just be willing to do the work. Okay. You can't have analysis, paralysis learning forever and ever, you know, you know, all those things. Yeah, sure. You always want to be learning. It's always good to freshen up your skills to learn new things and to always grow, okay, grow as an entrepreneur, grow as a wholesaler, grow in your knowledge and everything that you do.

October 11, 2022


You know, people always ask me like Graylan, what is your secret? How do you get so many new sales? You know, because average for form our office at least out of 50 or 60 reps in the office I was in was, you know, most reps will get about 20 new sales every year and I never went a year without doing at least 100. My very first year. I did 100 and 89 but I always did 100 and 50 or so, pretty much every single year I was there and there was no that's the thing, there's no magic or any or anything special that I was doing. I mean, the main difference was I actually worked, you know, I actually did the things that others wouldn't do so that I could have the things that others didn't have in order to become the 1%. You must do what the other 99% won't. And that's exactly it.

October 07, 2022


Probably my most favorite is tax delinquent. So, tax delinquent list is awesome. So, tax delinquent list, you can get straight from your local county. Okay. Now, every county across the USA obviously are different. So what you can do is you can call the county and a lot of times they may not even know what you're asking or what you want, but you just gotta be diligent and Resistant. Just like we do with sellers, you know, follow up, you know, try to find out the right person and somebody eventually will know what you're talking about. Just tell them that you're looking for a list of all the properties that are behind other taxes. Okay. That's a good way to ask for it. The tax delinquent list is really good. I'm even still using a list from 2018 that we still get deals from.

October 06, 2022


Another list that I love is what I call sweet spots. All right. So, what I call sweet spots is what you're doing is trying to searching out all of the zip codes in that particular county and just looking at the most active areas as far as all the flipped houses. That's that's happened in those areas. And those are gonna be your best areas, because that means that's where cash buyers are buying the most. So that's where you want to try to find houses the most okay to wholesale. So, I call that sweet spots because you're kind of looking for those sweet spots, those little pockets of areas, specifically in specific zip codes in your local area, wherever you're trying to wholesale. Okay.

October 05, 2022


Another list I'm gonna write down for you is vacant homes. There are a couple of ways to get a vacant list. The source to get vacant properties is directly from the post office. Okay now I don't mean you go to go down to your post office and ask for a vacant list cause they're probably gonna laugh or not even know what you're talking about. Okay. You can be friend your local postal worker, your actual postman in your neighborhood or in a neighborhood that you think has a lot of vacant or abandoned type homes. But the easy way is just to you could drive for dollars just on google earth or on all kinds of different, you know, platforms or you could just buy a vacant list from prop stream or something like that.

October 03, 2022


So, another one I've got these written down is tired landlords, what that means is it's typically a landlord that they ended up landlord ng by accident. A lot of cases, it's just a list of landlords that, you know, it's maybe they own one or two other houses, that kind of thing. And they're just tired of dealing with rentals, you know, they're, they're not really into trying to collect rent every month, they don't care about it, they're not doing it to make future money and that kind of thing. They're really sick of it. Okay, so tired landlords is what I call that list and that's one of my favorite.
 

October 02, 2022


First one I'm gonna put on here is called equity absentee, that's what I call it. Okay. Equity absentee. So what does that mean? So obviously, in whole selling, unless you're doing subject to or something like that, but in whole selling typically we need equity because that's how we make money. Okay? so obviously wholesaling is when a seller, a motivated seller is willing to trade equity For time and convenience that we that we provide as a wholesaler, okay. If it doesn't have equity, it's not a deal. Okay. Most investors want to have 25% equity after everything, okay? 

October 01, 2022


Top five list to pull. and obviously this is just my opinion and this is what has worked for me in my business. these are the top five lists that that actually worked best for me, and I will tell you the one I'm gonna put on here first. and actually, actually, there's a few of them that kind of have a common theme that you will notice, that I would say that most people that I've talked to, most other investors or wholesalers that I've spoken to, that actually do decent volume would probably agree as far as the best list goes.

September 30, 2022


So yeah, you can virtual wholesale anywhere, but locally is even just as viable, you know, I would say. So, if you're, if you're new to wholesaling or if you're, you know, experience and you're ready to kind of go to that next level, definitely consider getting really good on the phones to where you can lock deals up over the phone. Because nowadays, you know, we don't ever, we don't ever see a property, we don't ever meet a buyer, we don't ever meet a seller in person in any of those things. Actually, we don't even know our boots on the ground, you know, personally. So, it's pretty simple once you kind of get the hang of all that, it's not any different than face to face, but it's a lot quicker so you can move a lot faster and do a lot more deals.

September 29, 2022


But I would say even if you are in your backyard right now or if you haven't even started yet, I mean definitely consider just doing Virtual Wholesaling locally because it's not any different, you know, as opposed to doing something else. You know, face to face. It's just a different conversation because you're over the phone and yeah, you don't have eyes on it, your own eyes on it at least. But once you get the contract, you know, you're gonna send somebody out there to get pictures and verify everything that they told you right? So really, you're just trusting what they tell you and then verifying with your boots on the ground or your friends in the community or whatever. Because that's kind of what we do. That's why we have the protection of that inspection period. You know, just to make sure everything is what they told us. But also, it gives you time to find a buyer as well.

September 28, 2022


Scaling up a little bit, you know, once you're doing, you know, more than four or five deals, you know, it's hard to meet with every single seller that's interested because you'll just spin your wheels, you know, your time, you know, because not every cell is going to sign with you, but you know, I could probably talk to 20 sellers, 20 to 30 sellers over the phone with decent conversations in a 12 hour day, as opposed to maybe five or six in person in a 12 hour day. But you can definitely virtual wholesale whether it's local or, you know, other states around you or, or anywhere in the US.

September 27, 2022


You know I went ahead and met the met the seller and got the key and that kind of thing just to look at it and then show buyers the properties. But it wasn't necessary but it is basically virtual whole selling locally because I did lock them up over the phone without seeing them. I just kind of finished the ending you know kind of not virtual in person a little bit.

September 26, 2022


So, like I said, so I started out virtual wholesaling from the get go because I did live in two different states and I was wholesaling in my own backyard. But it was just easier for me, so that's just kind of the way I did it. And I've shared in other videos that my first two deals, I was actually in Las Vegas just, you know, on a weekend trip with my wife when we got phone calls from the postcards that I sent out, they were supposed to be mailed on a Monday, but they actually hit on a Saturday. So, my first two deals I ever did, you know, I never saw the houses when I got the contracts obviously cause I was kind of.

September 25, 2022


The whole key to kind of scaling in my opinion is doing more business obviously. But if you, let's just say you meet with the seller and you have to meet with them face to face. So how many sellers can you actually meet with in a you know in a in a work day? So really, you're kind of meeting with maybe five or six on a good day. but typically, you know you're kind of scattering those out maybe two in a day and it does work better But it's not as scalable like if you really want to do multiple you know over 10 deals on a month to month basis every month.

September 24, 2022


You know, when you when you virtual wholesale locally it's just that you live in that area, but you're still not going out to meet with sellers to look at houses and do all those things Meet with buyers and all that kind of stuff. You're just doing everything via the phone or internet or both, really. and it's the same thing you would do if it's a different state. So, the reason you want, you would maybe want to do this virtual in your own backyard is because you can just accomplish a lot more a lot faster.

September 22, 2022


So, when I started back in September of 2018, I kind of did virtual wholesaling right from the get go as a necessity really. I was wholesaling in my own backyard, but the reason I had to do it virtually is because I live in, I lived in two different states at the time. So virtual was kind of a necessity for me. So, you can do it virtually locally just as easy as you can do virtual in a different state, Okay.

September 21, 2022


If they tell you to call me, call me back in in two weeks, whatever that time period is, cut that time in half. Okay? So, if they tell you two weeks, call them back in a week, because I guarantee you there's other wholesalers out there following up as well. So, you could lose the deal if you don't stay on top of them. So always cut that in half. And if they happen to say, well, I told you to call me in two weeks. yeah, that's right. Well, I just thought I'd check in, you know, I forgot you said two weeks, my bad, you know, just kind of play it off. But at least you won't lose the deal because that has happened to us before.

September 20, 2022


Definitely have to follow up, keep building that relationship with them, and hone in on their distresses, you know, because we're always talking to distressed sellers, not necessarily a distressed house, which I've always talked about in all of my videos, so, but I will tell you if you want to make money in this business, be good at following up whether that's with a phone call or a text message or an email, whatever it might be, or even a video message, you know, on Facebook, if you found them on Facebook or whatever it is, you have to follow up and you have to follow up often.

September 19, 2022


It might even take more follow up in whole selling than a typical sales process, because you gotta think we're asking sellers to make one of the biggest decisions of their life, you know, as far as selling something, you know, that's one of the biggest things that they'll ever own, most likely what that they do own. And, you know, you can't expect them to make that decision, you know, the first time you ever talk to you, right?

September 18, 2022


It's definitely true. I mean, I've been in sales my entire adult life, so I was always very successful at it because I was super persistent, meaning I followed up like a madman. I basically follow up until they buy what I have or they hate me, tell me to F off or whatever else, Right? That's just the name of the game. That's the way it works in sales of any kind and wholesaling is no different, Trust me.

September 17, 2022


And typically, you know, 10, 12, 15 times even before they'll get a deal. But they got the deal because they did follow up that many times and then we have others, you know, that that may try two or 35 times and get discouraged, you know? But that's the key. Who has the strongest backbone or you know, who has tougher skin or whatever you wanna call it? Because no, is just part of the process. So, I would even encourage, you to go for the no, because the more no's you have the closer you are to a Yes, right?

September 16, 2022


Without follow up, you're just not gonna do deals. Yeah sure. You might get lucky here and there and get a deal or two occasionally. Just by chance. You know, but most salesmen or people in sales organizations If you ever noticed the ones at the top, the ones that actually produce a lot, sell a lot or get a lot of houses under contract, it's because they follow up a lot if you ever look at those stats in any company and it's true in my company as well because we do have a couple of different acquisition reps and one in particular they follow up like crazy.

September 15, 2022


As far as follow up goes, money truly is in the follow up because if you think that it takes 12 times to actually get somewhere with somebody, whether you're selling a widget of any kind, or you're trying to get a property under contract because you want to sell that to a buyer. You know, that sales on both ends, you're selling yourself and your services to the seller initially, and then you're selling the worth of the property to an end buyer later on. So, the whole process is very much sales. So, follow up is key follow up is everything I would even say.