Win
I do most of my work on the due diligence side and I was tired of competing on listings with people who move faster than I want to. So last spring I did the opposite of shopping.…
Discussion
I've got a house under contract at $198k and my contract has language barring assignment without the seller's written consent, which I did not clock when I signed. I don't have a…
Win
Still pre-first-deal on my own account, but I've been the finder in a four-person group for six months and this one actually closed, so here's the shape of it. I got a tired landl…
Discussion
Wholesaling isn't my plan, I buy and hold and my first property closes later this year. But my brother in law has been in a five person referral group for four months and I've bee…
Loss
Small loss in money, big one in learning, so writing it up while it still annoys me. Five of us share a lead list. Skip traced records, a shared spreadsheet, everybody works it. T…
Discussion
I want the boring version of this that works, so forgive the blunt framing. My understanding of wholesaling is that the whole business is the buyer list. If you have 200 real cash…
From the desk:
Five of us across four rural counties have been sending each other deals informally for about eight months. Volume is low and the price points are low, which is the whole reason w…
From the desk:
Seven of us, all part-time except me and one other guy. We've been running a shared Airtable of buyers for about a year. 340 rows, but only around 40 have actually closed somethin…
Discussion
Underwriting is what I do, so I want the mechanics rather than the encouragement. If I bring a contract to a network member and their buyer closes, who decides the split. Is 50/50…
Discussion
Trying to figure out what the first deal costs me and now I'm trying to figure out what joining a network costs too. I've seen a free Discord, a group charging 97 a month, and one…
From the desk:
I'm supposed to be closing on my first rental next month, a boring 3/1 I'm buying with a normal mortgage, and I got on a few wholesaler lists during the search because everyone sa…
Discussion
I have no closed deals, six months of driving neighborhoods and pulling lists. Two local groups will take me. The first one is four people and they want me on acquisitions only. I…
Discussion
Reading the material on these groups twice, the way I do, and the same claim keeps coming up: a network helps members stay compliant because knowledge about state rules gets share…
From the desk:
A group of four wholesalers in my county have been feeding each other leads for about a year. Three of them work day jobs. They contract maybe 2 to 4 houses a month between them a…
Discussion
I'm building a buyer list right now, about 40 names, mostly from county records and a couple of local meetups. Someone in a group chat invited me into what they called a micro-who…
Loss
I want one boring rental and I thought paying for access to a network's deal flow would shortcut the search. Paid $1,500 for a six month buyer seat in a group of about a dozen sma…
Discussion
I'm midway through licensing and I've been in a micro-wholesaler group chat for a while, mostly listening. Roughly 14 members, informal, deals get passed around with a one-page JV…
From the desk:
A group of part-time wholesalers I met through a local meetup asked me to be their earnest money source. Five members, they say they put roughly four contracts a month under agree…
Discussion
I'm looking at this from the money side rather than the contract side. A group near me runs deals where one member sources and another member brings the end buyer, and they split…
Loss
Writing this down while it's fresh because I would have wanted to read it in January. I joined a group that ran off a paid chat, $199 a month, and the main draw was a shared buyer…