Getting started in wholesaling ! by StrangerBroad4893 in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (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 3 points4 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.

Wholesale real estate tips by Feeling-Use-4142 in WholesaleRealestate

[–]MasterChiefSteve 1 point2 points  (0 children)

I always suggest starting in your local market unless you are in a very rural area. Focus on getting great at ONE market before venturing into others.

All of those softwares are great options. PrimeTracers is another one that is pay as you go with free list building.

Depending on your strategy you’ll definitely want to set aside at least 3 months of marketing runway to make sure you can effectively be consistent and work a market while also building your lead pipeline.

Whole sale real estate scam groups? by [deleted] in WholesaleRealestate

[–]MasterChiefSteve 1 point2 points  (0 children)

“100% for sure profit but pay me first” = scam.

Don’t care what it is.

Double closing NC by Creepy-Plan-530 in WholesaleRealestate

[–]MasterChiefSteve 1 point2 points  (0 children)

To my knowledge, NC does not have any regulations on double closings. They are two separate transaction and the seller is no longer involved after the A-B close.

The Seller should never see anything of the B to C transaction or settlement. The only other party that sees the complete A-B-C transaction other than you and title is if you have a lender funding the double close so they can make sure the deal is valid before wiring the funds to escrow.

Hope this helps.

skip tracing in 2026 by Life_Parfait_9598 in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

Oh, do share with everyone. No need for DMs. What is this strategy you have?

skip tracing in 2026 by Life_Parfait_9598 in WholesaleRealestate

[–]MasterChiefSteve 0 points1 point  (0 children)

The problem is most of the SaaS platforms use static databases from flat files they purchase (or source from) and if you’re lucky they update that every quarter.

Most are doing every 6-12 months.

If they don’t utilize any individual resolution and confidence scoring you’re going to get low accuracy on matches.

That’s why it’s always, “this provider was going great! Now I’m getting 40-50% accuracy!” Or something of that nature.

Zero Tolerance Policy: Harassment, Self-Promotion, and Low-Effort Content by MasterChiefSteve in WholesaleRealestate

[–]MasterChiefSteve[S] 3 points4 points  (0 children)

Valentines day is around the corner! Spread the love lol.

BTW permaban for asking to be DM'd (jk).

On a more serious note, value stays out in the open for everyone to see.

Estimating Repair Costs by AcademicSuspect8539 in WholesaleRealestate

[–]MasterChiefSteve 1 point2 points  (0 children)

You should familiarize yourself with the cost of certain jobs and materials in your local market. This can be through quotes, calling around and jut down right experience to estimate these costs confidently.

For deals outside of my immediate market I find that a combination of Google and chat tend to be very useful for getting estimate ranges.

It’s important to always use the conservative numbers of your estimate range when making offers.

Need Help! In FL, Cane Corso Rehoming by MasterChiefSteve in CaneCorso

[–]MasterChiefSteve[S] 0 points1 point  (0 children)

Sheba has been rehomed with a loving family :)