Discussion
Someone said to me this week that they use the inspection period "just to get an inspection done." That framing costs money. The inspection period is the only window where you can…
Happening Now
I got curious about this after the 41% thread because I realized I have no idea what the floor is. Like what percentage would make you throw the list out entirely versus keep dial…
Happening Now
A wholesaler had a property under contract at 187k, assignment fee of 14k, end buyer lined up at 201k. Three days before closing, title flagged a lien the seller had not disclosed…
Loss
Is there a way to verify a title company or escrow holder before you wire, if you're working in a state you've never been to? I'm in Texas, the deal is in Ohio, and the number on…
Happening Now
Talked to a title company in Cincinnati last Tuesday about a house I had under contract for $87,500, assignment to an end buyer at $96,000. Lady on the phone said she'd seen "thes…
Story
Phoenix took me four months to get that contract, one call-back out of 300 dials, and I had to split the fee with a transactional funder because the buyer needed a funded close. M…
Discussion
I'm under contract on a sfr in memphis, $94k, closes april 3rd. Seller called my wholesaler (I'm buying from an assignor) yesterday and said she wants to sit across from whoever i…
Discussion
Running the numbers on a specific file right now. Memphis, 38114. arv sits at $187k, my remote contract is at $71k, assignment fee I'm trying to pull is $14k, so end buyer gets it…
Loss
Worth laying out as a cautionary sequence, since the order of operations here is what caused the loss, not any single expense. Roughly 5,300 dollars over four months breaks down a…
Happening Now
Consider an operator running remote contract assignments across two states, eleven months in, funding a small rental portfolio with the proceeds. A representative eleven month str…
Discussion
Every video about virtual wholesaling says you need boots on the ground. Nobody says what that person is, whether they're an employee, whether they get a cut, or what stops them f…
Discussion
I'm buying a single family rental for $118,000 and the person who brought it to me lives about 900 miles away. He's never been inside. His numbers came with photos from a contract…
Happening Now
Someone with a construction background who has never had to outsource looking at a house may still end up doing exactly that when the deals landing are 600 miles away and not wort…
Win
A first virtual assignment run 900 miles from the operator, closed at a reduced fee, is a useful case for the real costs involved. Numbers: list and data $340, skip trace $220, di…
Poll
I priced this out both ways this week and the gap is smaller than I expected. The platform route: a national data subscription with skip tracing bundled, call it $100 to $300 a mo…
Poll
I've got a build decision to make and it changes what I spend the next year on. Option one is depth. Two states, learn them properly, one attorney per state on retainer, contract…
Poll
Anyone approaching a first remote wholesale deal should understand the two exits before getting anywhere near a contract, so here is the distinction laid out plainly. Assigning me…
Happening Now
Pulled 800 absentee owner records in a metro about 1,200 miles from me, single family, 15 plus years of ownership, out of state mailing address. Trace ran $0.12 a record so $96 al…
Discussion
Virtual wholesaling gets pitched as income without a second job, no property to manage and no tenants, often packaged as a $97 a month data subscription, a phone, and the ability…
Discussion
One channel says virtual wholesaling can start for nothing with a free county site and a cell phone. Then there is a program selling a $10,000 course that apparently includes the…
Happening Now
Take an investor targeting monthly income who does not want to become a landlord in their own city. Virtual wholesaling appeals because it looks like the version without toilets t…
Poll
Running both land and houses remotely makes the tradeoff between them clearer over time. Land suits the virtual model almost too well. There is no roof, no mold, no tenant, and mo…
Poll
Two title agents in the same state gave me opposite answers last week, which is why I'm asking here instead of picking one. The setup: I'm building the file template for out-of-st…
Happening Now
Take a small 4-unit found through a text campaign in a market the buyer has never visited. Two units occupied, two vacant, seller says the vacants need paint and one needs a tub s…
Discussion
A setup worth examining, because it is common among virtual wholesalers. An operator runs documents rather than properties, with a single purchase and sale agreement carrying an a…
Win
Consider a first purchase coming from a wholesaler two states away from the house, a 1960s 3 bed slab ranch in a stable blue collar neighborhood with a tenant in place at $1,050.…
Happening Now
A tight, fixed time budget, say eight hours a week with weekends off the table and evenings only half available, is a real constraint worth pricing honestly rather than working ar…
Win
Worth studying: a wholesale deal on a 1,450 square foot two story in an older working class neighborhood, contracted at 121,000 with an end buyer at 135,300, a 14,300 spread. The…
Discussion
Here is a set of planned numbers for virtual wholesaling in a single out of state market, the kind a newcomer to the strategy would rather have corrected early. Ten thousand text…
Happening Now
Three different people found me in the last two months asking if I'd go look at a house for them. All out of state, all doing some version of remote wholesaling, all in the small…
Poll
A common dilemma for new virtual wholesalers is choosing between two shortlisted out-of-state markets with decent price spreads and plenty of listed cash sales, versus starting in…
Poll
I'm rebuilding my outreach for a market I've never been to, and the two options don't sit next to each other well. Outbound calling and texting means I control the volume. I pull…
Loss
First and probably last virtual attempt while I wait on my rental to close. Writing it up because the failure point wasn't where I was looking. Deal shape. Single family, 1,340 sq…
Discussion
Before I fund anything connected to this, I want to understand the model. What I've read says virtual wholesaling needs no money because you assign the contract instead of buying…
Happening Now
Picture two mid-size metros roughly 900 and 1,400 miles from the investor, chosen because the buyer forums there look active and price points sit under $200k. Say the investor has…
Discussion
Contract at $185,000. My ARV was $260,000 built off photos and a data platform estimate, repairs guessed at $45,000. I had a buyer at $200,000 verbally, so a $15,000 spread. Buyer…
Happening Now
@sonia_alvarez a transactional funding request structured as A to B at $118,000, B to C at $139,000, same day, same title company, with the wholesaler requesting $121,500 to cover…
Discussion
The filing cabinet gets less attention than the houses, and it is where this model gets stuck. Take a plan to source in four states, none of them the one where the LLC is organize…
Happening Now
Course hours are done, exam is in five weeks, and I'm licensing in the state I live in. The problem is that roughly 60% of my usable leads are coming out of a metro about 700 mile…
Poll
Three assignments done in my home market, average fee $9,200, and all three sold to the same two buyers. That's the ceiling. So I'm opening a second market about 700 miles away, a…