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Greetings everyone!
Hope you are all doing well out there in the Blogosphere….
I finally have a new success story for you guys to listen to! I meant to have it posted last week, but ran into a series of technical difficulties along the way (shocking, I know), and had to go back and rerecord the whole damn thing.
Anywho, I’m pleased to introduce you all to Neva Williamson, who just closed her first wholesale deal a few weeks ago and cashed a check for just shy of FOURTEEN THOUSAND DOLLARS! Woohoo!
Say hello to Neva, everyone….
(what a gorgeous couple!)
Check out the interview below, and find out how Neva was able to wholesale her very first property (after 8 months of hustling), and put a big fat check in her pocket! The call is about 35 minutes long, and in it you’ll find out how Neva was able to find this sweet deal as well as the buyer who she assigned the contract to!
To listen in, just click on the martini glass below……enjoy!
P.S.
Thanks again to Neva for taking the time to do the interview for us (twice)!
P.P.S.
If you want to connect with Neva on Facebook, click here. …………………………………
On April 13, 2011 at 3:02pm, That Philly Wholesaler Chick said...
Suggesting giving the seller what he would make in ten years, versus the full asking amount, was an excellent negotiation strategy Neva. Brilliant!
And thanks to you Steph for sharing this great interview – good stuff!
Iman
On April 14, 2011 at 9:47am, Stephani said...
I thought that tactic was pretty crafty, too. Well done Neva!
On April 13, 2011 at 4:52pm, Tamara said...
Awesome and VERY inspirational!
On April 14, 2011 at 9:47am, Stephani said...
Thanks Tamara!
On April 13, 2011 at 6:00pm, Claudette said...
Great, Great call. Very inspiring – it can be DONE!
Congrats Neva and thanks Step for sharing this.
On April 14, 2011 at 9:46am, Stephani said...
Thanks for the feedback, Claudette- glad you liked it!
On April 13, 2011 at 10:34pm, Stephen Dillard said...
Yes, thanks for sharing this interview, definitely some real time strategies used in that transaction.
On April 14, 2011 at 9:46am, Stephani said...
You’re welcome, Stephen- glad you enjoyed the call!
On April 14, 2011 at 1:49pm, Kevin Smith said...
Congrats Neva! Excellent interview Steph thanks so much for sharing.
On April 14, 2011 at 1:51pm, Stephani said...
My pleasure- thanks for stopping by.
On April 15, 2011 at 5:08am, AnotherSteph said...
Congrats, Neva! That’s quite a nice payday!
Thanks for the interview, Steph.
Steph
On April 15, 2011 at 6:22am, Howard said...
I hope, I get a payday like this on my Denver real estate projects. Congrats!
On April 15, 2011 at 12:26pm, Leo said...
Great interview! Congratulations to Neva for her perseverance! It paid off pretty well
On April 15, 2011 at 5:07pm, sherri said...
great interview- my hardiest congrats, Neva- your tenacity proves that determination works! Hope I can become a success story too & soon! You must feel great & have certainly earned it!
On April 19, 2011 at 10:03am, Gus said...
Congrats.! Guys. On another subject . When u have an llc , how much percentage I have to pay in taxes for each deal. I now every case is different I just like to know the average. Thank u. Gus G .
On April 21, 2011 at 4:15am, Mark said...
Not to be a downer but at 14k for 8 months isn’t very profitable, space that over a year that’s 21 thousand a year. After taxes it’s 17k. Unless this a total side business, it’s not worth doing.
On April 21, 2011 at 6:23am, Stephani said...
Hi Mark,
Just like any new business, there’s a learning curve involved so it takes some time to get up and running. Once you figure out how it works, it’s not uncommon to do one or two of these deals (or more) every month.
Take care,
Steph
On April 21, 2011 at 7:46am, Shae Bynes said...
Mark, you should read the latest post on this blog about The Dip! Really solid insight that applies perfectly to your statement.
On April 23, 2011 at 1:52pm, James Michaels said...
Hi Steph,
Great blog – so much info — thankyou!
I had a question – not sure if you’ve ever been exposed to this – I don’t think I’ve ever heard you talking about it on the blog. I’m hearing about this term co-wholesaleing — basically you find a wholesale investor that already has inventory and then you find a buyer for them.
I guess you could call it a JV — in theory it sounds great to me because I don’t have money for marketing right now and I’m not super comfortable going into people’s houses to meet with them. — I just wonder how this could be pulled off without the buyer going around you and just buying the property directly from the wholesaler if he becomes aware that it is from another investor. I mean without a contract tying up the property — isn’t it likely that would happen?
Thanks Steph!
On April 25, 2011 at 1:23pm, Stephani said...
Hi James,
Yes, I’ve done lots of deals with other wholesalers where I find a buyer for their deal. I usually put it under contract with the wholesaler and then assign it to my end buyer.
If you don’t have a license you need to be careful because you’re not legally supposed to be bringing a buyer and seller together and collecting a fee unless you actually have the property under contract.
Take care,
Steph
On May 07, 2011 at 6:52am, Al elliott said...
hey steph, i’ve seen one of your vids and you said you get mls access to find active cash buyers, could you go into further detail how you get the specific contact, cause i got a hold of the cash transaction on the mls and all it gives me is the address nothing more than that, also how do you cross reference the address to find the cash buyer and not the home owner, cause i use public record to find the investor buyer but sometimes i get the home owner instead, knowing that the investor buyer just done a rehab in that how, can you help me out?
On May 09, 2011 at 12:13pm, Stephani said...
Hi Al, here’s a video where I explain how I use the info in the MLS to find buyers…
https://www.facebook.com/l.php?u=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DHqzrK2EUftE&h=7c4b9
Hope that helps,
Steph