Saturday, May 27th, 2017

RSS Feed for This PostCurrent Article

Peeking Behind a “Virtual Wholesaler’s” Curtain…

So last week in the midst of a brief phone call with my friend and fellow investor-blogger Alex Joungblood, he stopped me in my tracks by coyly mentioning he just signed up 5 tasty, fresh deals — and he did it all from right smack in the middle of his 14-day family vacation in Orlando.

Needless to say, I was impressed.  I’ll be honest, I’ve done a lot of wholesale deals in my 10+ years at this — but never that many from an out-of-state family vacation.

Yep, Alex is basically a poster boy for the Chico’s  “Virtual Wholesaling” business model, truly…

  • He’s actively involved in multiple markets – one at home and another far away from home…
  • He’s got the right systems and processes in place – a combo of technology and remote virtual assistants…
  • And because of these he’s able to do quite nicely flipping deals literally part time from the beach, armed with barely more than a laptop and a cell phone.

I asked how much he expects to make from just these five deals.  His answer: “Somewhere north of around $75,000 in flip fees I think…” (Not a bad half month, eh?)

I know, I know. It does sound a little too cliche’, doesn’t it?  But the fact is, I know Alex and this is the reality he has crafted for himself.  It’s also, by the way, akin to the reality of my good friend Bob Norton, whom you all probably know pretty well by now.

Interview With a Vampire Virtual Wholesaler…

So I couldn’t resist. I thought you guys might enjoy hearing a little more from Alex about how he’s able to do all this.  So I called him up and recorded about 17 minutes worth of us chatting about it.

Enjoy my insightful 17 min chat with Alex about it all…

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.


Download MP3…

Among My Many Probing Questions:

  • “From our “17 Sneaky Wholesaling Tricks” we did a few weeks ago, how many of the “sneaky tricks” did you actually end up using on these deals?” (Hint: more than 1)
  • “At what point in this deal did you eventually end up talking to the seller personally?”
  • “Before contacting your potential buyer with this deal, how much of your personal time did you actually have into this?”
  • “Specifically what tools, resources and/or systems are enabling you to run your business so you can flip 5 deals and make $75k+, while literally on family vacation with little more than a cell phone and laptop?
  • “What exactly do you pay your full-time V.A. to do all this for you?”
  • And lots of other good stuff…

Side Note Re: “17 Sneaky Wholesaling Tricks”…

If you missed our “17 Sneaky Tricks” session (I’ve gotten a few emails), you should know that we’ve made it available again briefly (72 hours).  So if you’re iinterested, check here to see if it’s still available…

This was a really great little session (actually is was nearly 4 hours long, so not so little I suppose) that everyone seemed to really enjoy and get a lot out of.  So if you’re a wholesaler, be sure to check it out before it’s gone-gone.

GD Star Rating
loading...

About 

JP Moses is a roughly-hewn man-child who first got into REI after reading Rich Dad, Poor Dad back in Y2K and went full time in 2002. He's tinkered in everything from landlording to short sales to rehabs to Realtoring to REOs to notes to owner financing, blah, blah, blah...Till he finally stuck his flag deep into wholesaling and has since flipped somewhere north of a couple hundred deals.

JP's not a “guru” but also doesn't think it's a bad word. Among his core values are authenticity, creativity, big honkin' value, general fun-ness and being unshaven. He's super proud to be chief blogger guy at REItips.com and host of the free REIology podcast. He also thoroughly enjoys sharing his 53 best real estate investing forms with anyone who wants them. You should totally check that out. :-)

  • rjcid

    I must say, if any one was to invest in education in order to become a wholesaler, like me, creating a system is the #1 priority once you have the cash to do so. Gurus should mention exactly what the person should have set aside for marketing purposes. I know now that a few hundred bucks a month will be suffice for a steady stream of leads. You should have a graph to show who much marketing expenses are and what not.

    Oh and i sat in the webinar for the 17 tips and tricks, i learned things I started implementing right away. Good stuff.

    If you are in the chicago area and are ever looking for wholesale deals, check me out at http://www.ChicagoCashflowproperties.com

  • Great feedback – thanks for commenting! 🙂

  • Very great post… learned a lot from it.

  • thanks for sharing… i like this posting…
    best regard from Indonesia

  • how are you

  • grain23

    The informations are so lovely and so usefull so thank you very much. Be sure i will use all of them keeping in my mind.Have a goog luck.

  • Jim

    Wow virtual wholesaling real estate in like a dream come true. I think that I am going to employ that strategy

  • I guess anything can work if you put your mind to it. Virtually wholesaling real estate is a unique concept

  • I think that after this recent financial meltdown, we are going to see much stricter rules for investing for a very long time to come.

  • Your provided information is really informative, i am very thankful to you for sharing your great post.

  • ginaann

    I liked this until I heard what you were paying your virtual assistant. That is what corporations do to their employees. You are making great money and paying someone nothing to do all your grunt work. Not cool.    

  • Hi, Ginaann – the Virtual Assistants hired are paid more than a fair wage and are happy to make it. Most of the time they’re cost of living in their country is quite lower than in the U.S. The dollar goes a lot further. So for what is a very low rate to us in the U.S., they can live quite well. It’s a win-win.

    My best,

    …jp