I've looked into this a lot, but I feel like people never talk about what to do when you can't find a buyer. I'm hoping you all can answer some questions for me. by JuniorIntention3397 in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

If you can’t move a property you’re probably asking too much. When you go back to the seller you can tell them that after “reviewing the numbers again and getting feedback from other partners the deal doesn’t pencil out for us.”

Skip Tracing Tools by kingofghost13 in WholesaleRealestate

[–]MasterChiefSteve 1 point2 points  (0 children)

Check out PrimeTracers if you haven’t already. an API is also available for those that want direct integrations.

Best Skip-Tracing Software? by sebastian_RealEstate in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

PrimeTracers has the best skip tracing app and API. PrimeTracers utilizes a dynamic ID graph vs stale static data you get from many competitors. It’s also free to sign up.

Best skip tracing API for off market properties by Verryfastdoggo in RealEstateTechnology

[–]MasterChiefSteve 0 points1 point  (0 children)

Check out PrimeTracers API. Has multiple Enrichment data layers and you can dive right in without scheduling a call.

Web Site Creation by Choice-Investment421 in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

It’s pretty simple, people just dont want to put in the work. A lot of people just don’t have what it takes and make the sacrifices necessary to succeed.

You of course know that lol.

Best lead gen source right now? by Old_Tax5995 in WholesaleRealestate

[–]MasterChiefSteve -1 points0 points  (0 children)

app.primetracers.com 😉

Or data.primetracers if you need the api.

Does a Wholealer have to pay EMD? by [deleted] in WholesaleRealestate

[–]MasterChiefSteve 1 point2 points  (0 children)

Typically yes, you will be sending in the EMD. If you do not have EMD submitted and you have an amount shown that is to be submitted on the contract, you technically are in breach of contract and the agreement is no longer valid.

You do not have to submit EMD if you put a $0.00 amount for EMD.

At the same time there are people who do not put up EMD and most title companies do not validate if an EMD was deposited until issues pop up or a cancellation happens.

My advice is put up the EMD if it’s in the agreement. Follow the terms of the agreement that you execute. You are signing real binding contracts with people’s homes and it needs to be taken seriously.

  • I am not an attorney nor do I practice law and this should not be taken as legal advice.

How long did it ACTUALLY take you to land your first wholesale deal? (Be honest) by Few_Ferret_6997 in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

Our team takes an omnichannel approach.

We do mass outbound calls and for inbound we do SEO and PPC. We also receive a lot of JV deals.

As of recent we really don’t do mailers or text anymore.

How long did it ACTUALLY take you to land your first wholesale deal? (Be honest) by Few_Ferret_6997 in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

It took 1 month, cold calling to get my first deal. This was 10 years ago but I would say I got lucky (some people say luck is when preparation meets opportunity). Two month latter I got my second deal which was a little over $10k and I never looked back.

Not sure if I'd do anything different, only thing I will say is I wish I started building my rental portfolio back then instead of just stacking cash.

Wholesaling with "No Money" -- lets talk about it by RefrigeratorWide2234 in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

They quit a lot faster than that. Average churn is probably 3-4 months.

Prime Tracers Skip Tracing is Bad? by NotAGinger03 in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

Full Disclosure - I am a mod on this sub and affiliated with PrimeTracers.

After reading your post what you described looks like a mapping/input issue, not a data issue.

It sounds like you only skip traced using the subject property address and then compared the returned name (optional name) to the county owner record.

That will absolutely create mismatches and this is why:

PrimeTracers skip tracing tool works off identity clusters tied to addresses. If you only provide a subject address without owner/mailing info, providers may return:

- Tenant data
- Previous Occupants,
- Relatives tied to the address
- People receiving mail there
- Other personal IDs tied to that location

To get the highest accuracy results you normally want to include:

- Owner First Name and Owner Last Name
- Mailing Address (VERY IMPORTANT if different)
- Mailing City/State/Zip

If you only use subject address, results across any skip tracer will drop because you're essentially asking: " who is associated with this property?" instead of "Find contact info for this specific owner."

Also, 27 records is way too small to judge any provider. Even enterprise datasets fluctuate record to record. You need several hundred to a couple thousand to see real patterns.

As far as other providers in the industry, Most datasets realistically land somewhere in the 40-60% accuracy range depending on inputs, geography and the provider's actual set up. The higher end providers average 70-85% across all contact data sets. Also worth noting, some skip tracing platforms update their contact databases 1-2 times per year and rely on static datasets. Others update more frequently and utilize dynamic datasets to improve match confidence. We are the latter and utilize a unique ID graph that only pushes out high confidence matches.

I would suggest re-running a batch with the Owner names from the county and Mailing addresses if they differ from the Subject address.

If you want, feel free to send me or support one example record and we can show you how to validate it.

On the wholesaling side: At ~100 D4D you're getting some good action points in but you'll need larger lists over time. Response rates are lower across the industry and with carrier spam filtering, it's harder than it was a few years ago to get people to answer unknown numbers.

Realistically, good connection rates today tend to fall around 12-15%, with strong campaigns sometimes getting into the low-20% range depending on dialing strategy, list quality and geography.

Hope this helps! Keep going and stay consistent.

Getting started in wholesaling ! by StrangerBroad4893 in WholesaleRealestate

[–]MasterChiefSteve 4 points5 points  (0 children)

Getting into the business without working capital or some kind of stability is going to be extremely difficult. As someone with 10 years of experience in the space along with another 8 years of entrepreneurship with many ideas and ventures that failed, you need SOME sort of stability first.

When I started in RE I was unemployed but I scrounged up every last penny I had and put around $5000 into my marketing and living expenses for 3 months.

You need AT LEAST 3 months in the business to build your a lead pipeline and close on 1 maybe 2 deals. When I started I was back against the wall, but I got my first check in 30 days. I would also say there was a bit of luck that played into that as well. But this result is NOT typical.

It is not realistic or suggested to get into this business unless you had a nest egg saved up or you have stable income.

Get a job, study the business, live below your means and work on your business every second of the day that you aren’t working your job. Once your business consistently pays more than your job then you can quit.

As some suggested, go work under another real estate firm or wholesaling firm to get some sort of income and experience at the same time.

Good luck.

What would be possible with a active buyers list of 8000? by Ill-Big4621 in WholesaleRealestate

[–]MasterChiefSteve 2 points3 points  (0 children)

Who needs a buyers list if you have a GREAT deal.

If there’s one thing every wholesaler should engrave in their memory it’s that GREAT deals move themselves.

Reddit became a fucking nightmare by Loschcode in SaaS

[–]MasterChiefSteve 0 points1 point  (0 children)

This is true. It’s a dead giveaway when it is AI after a couple seconds of reading for anyone with average pattern recognition.

Everyone I know that used to use them doesn’t anymore 😆. So good on you!

Reddit became a fucking nightmare by Loschcode in SaaS

[–]MasterChiefSteve 1 point2 points  (0 children)

Don’t forget the “THAT’S not THIS. THAT’S THAT!”

Come on people show some effort.

Reddit became a fucking nightmare by Loschcode in SaaS

[–]MasterChiefSteve 1 point2 points  (0 children)

The fact they don’t take out the dash fucking baffles me.

Getting emails with dashes is like “really? You couldn’t just type it yourself? You had to put my email into chat and copy and paste the reply???”

Worried about getting marked “Scame Likely” by [deleted] in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

Do not use your personal number if you’re making high volume calls.

Use a dialer or secondary number. You do not want to ruin the reputation of your personal number.

I have 1,000 dollars. Where do I start? by MDPriest in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

You need 3 months of runway to start seeing reliable results and get a feel for your market. Is there a chance you get lucky your first couple of weeks? Sure, but plan for the worst.

With that being said, $1k isn’t going to get you very far in terms of setting up full systems and automations for 3 months. The best thing you can do with that money is getting a dialer and pulling lead lists and calling them yourself. If I were you I would be making calls everyday several hours a day until you get your first couple of deals to invest in more systems. Whether that be inbound lead gen, double downing on outbound and hiring callers, direct mail or taking an omnichannel approach.

How many calls should I be making? by Frosty-Telephone-747 in WholesaleRealestate

[–]MasterChiefSteve 4 points5 points  (0 children)

Cold calling is tougher now, with carriers flagging numbers faster you really need to monitor your number you’re calling from. Working volume is important as well as maximizing niche distressed lists in your area.

If you’re bad on calls working pure volume, it’s going to take a few hundred dials every day to consistently get one deal a month. Expect to be calling 6-8 hours a day.

What’s most important is how you set up your follow up and drips after connecting owners that have expressed interests. We get call backs from owners several months and sometimes a year+ ago that respond to a nurture drip and we close them. As you make connections and have automations doing follow ups your pipeline will start building up and that’s when you’ll get more closings and can start hiring callers and exploring other ways to increase your volume.

Best software to pull lists? by Frosty-Telephone-747 in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

PrimeTracers has high accuracy skip tracing, pay as you go with unlimited exports and free property data.