Ever wondered about those signs that say “Real Estate Investor Seeks Trainee?” Wonder no longer…here’s exactly what happens when you call those signs. Enjoy! Add me on Instagram/Snapchat: GPStephan
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c
So first, lets talk about who’s BEHIND these signs and what actually happens when you call. You have two types of people who post these signs, the first is generally the wholesaler, and the second is the one who teaches you how to wholesale. So lets start with the first one: the wholesaler.
A wholesaler is someone who finds a distressed property, gets it under contract under market value, and then assigns that contract to an investor for an even higher price. The wholesaler then profits the difference in price between what they have the house in contract for, and what their investor is willing to pay.
But the most difficult part when wholesaling is finding distressed sellers. And as a wholesaler, generally your time is not best spent finding these deals…it’s best spent NEGOTIATING these deals, and then pitching these deals to investors. That’s where the sign comes into play. So the wholesaler will them teach you how to find deals…this is usually a time-consuming process that involves calling numbers from the public record that are behind on their payments, calling absentee owners, door knocking distressed sellers, or what’s called “driving for dollars” - which is basically where you drive around a neighborhood, find a home that looks poorly taken care of, and then door knock it to see if they’re willing to sell. This term is also known as “Bird Dogging.”
You as the “Trainee” will get paid for leads you bring in to the wholesaler. Hypothetically, if you product results and bring in motivated seller leads - Yes, you can make some pretty decent money. So in that sense, it CAN be a legitimate business. But this benefits the wholesaler more than anyone else - the wholesaler gets free work, only pays if THEY make money, and with this there’s very little risk to the wholesaler besides their time training someone what to do.
The second type behind this sign is the person will explain that they’re holding a “free seminar” on how to get started making money in real estate. They usually then upset you on programs that you have to pay into to learn the business of wholesaling. These types of companies might also have a second spin on things, as well. You can join their inner program, for a price, and then get a commission for anyone else who buys their educational material.
So either way you look at it, you’re usually getting the short end of the stick anytime you call these signs…just don’t do it.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c
So first, lets talk about who’s BEHIND these signs and what actually happens when you call. You have two types of people who post these signs, the first is generally the wholesaler, and the second is the one who teaches you how to wholesale. So lets start with the first one: the wholesaler.
A wholesaler is someone who finds a distressed property, gets it under contract under market value, and then assigns that contract to an investor for an even higher price. The wholesaler then profits the difference in price between what they have the house in contract for, and what their investor is willing to pay.
But the most difficult part when wholesaling is finding distressed sellers. And as a wholesaler, generally your time is not best spent finding these deals…it’s best spent NEGOTIATING these deals, and then pitching these deals to investors. That’s where the sign comes into play. So the wholesaler will them teach you how to find deals…this is usually a time-consuming process that involves calling numbers from the public record that are behind on their payments, calling absentee owners, door knocking distressed sellers, or what’s called “driving for dollars” - which is basically where you drive around a neighborhood, find a home that looks poorly taken care of, and then door knock it to see if they’re willing to sell. This term is also known as “Bird Dogging.”
You as the “Trainee” will get paid for leads you bring in to the wholesaler. Hypothetically, if you product results and bring in motivated seller leads - Yes, you can make some pretty decent money. So in that sense, it CAN be a legitimate business. But this benefits the wholesaler more than anyone else - the wholesaler gets free work, only pays if THEY make money, and with this there’s very little risk to the wholesaler besides their time training someone what to do.
The second type behind this sign is the person will explain that they’re holding a “free seminar” on how to get started making money in real estate. They usually then upset you on programs that you have to pay into to learn the business of wholesaling. These types of companies might also have a second spin on things, as well. You can join their inner program, for a price, and then get a commission for anyone else who buys their educational material.
So either way you look at it, you’re usually getting the short end of the stick anytime you call these signs…just don’t do it.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
insert 'find local distressed seller in your area' add
Did you call them? You got 13k likes where’s the video lol
Liked button smashed, please expose those predatory MLMs !!
Damn and I was about to pay that for the 10k club😬
I demand the seminar video
What contract do I use exactly to get the house under contract?? Can you add a link in the description or at least the name of it and possibly where to look or how to locate that document? I’m in California btw if that makes a difference.
"Bird dogging" is a hunting reference. A dog goes and finds your kill after its shot down. The "bird" is the distressed property. Dog is trainee hunter is investor.
Secret video please I want to laugh
I feel like you're looking at this the wrong way. Nobody bats an eyelash when someone with a degree takes an internship (works for free) somewhere. We just say, "they're going to get valuable experience." How is this any different? If you have no idea how to make money, why not learn this skill and then branch out on your own? This is assuming you are in fact the person with "no experience" the sign asks for. Go get experience, and make money at the same time. If it makes you feel better, call it an apprenticeship.
Love the realness here. This is great.
Hey Graham, I'm looking to see if you made a video that goes even more in-depth about the pros and cons of being a wholesaler, vlog idea for you if not. I love all your videos! Thanks:)
Well said….absolutely true….and if you want to get deeper into this type of rabbit hole, send me $100,000 in $1 bills and mail it to Heavenly Gates Gentlemen's Club….ACT NOW😂😂😂😂
Just kidding. Send $5,000 instead😉
Options and forex training programs work so similarly. I got bit by that by an options trading program. Free 20 minute seminar at another seminar… $350 for a 2hr seminar… then a $3k "intensive mentoring" session. Got out before it cost me any more. Learned a LITTLE, but not $3500 worth.
Im doing this. I have a base, don't have to pay anything, and i am learning. I think i got lucky and found an amazing wholesaler who really wants to teach me more than just "lead generation"
I think I ❤️ you, had me laughing the whole time. 😂 real estate is a hobby for me, I’ve been thinking of getting into some type of investing. This isn’t a bad idea. Interested in coming to a very exclusive seminar? Jk jk 😂
SCAMS like those make me take the signs down when I see them.
You may have seen my signs as well , I’m a Real Estate Wholesaler and made 500K last year , my students ( Free training ) made an average 5K last year , so ????🤨
People like you just don’t understand how this business works or how to make it work ! Fee fee to DM me , I don’t charge for coaching . I just hope that you will become knowledgeable so you can your own deals later and I’ll help you close 50/50 .
Graham did you ever make this video? We want to see it! 🙂
yes i want to see that, excellent idea.
Sooo it's got 12k did you do it yet
I think going undercover sounds like a verrrrry interesting video!
I wish I would've saw your videos before i spent about $2000 dollars i didnt have. I was so broke and depressed thinking that I would never escape the rat race, that I would be poor forever. I was skeptical but also desperate so i went alonh with it. And I'm still broke. Trying to escape this rat race and take some of my friends with me. It's been a harrowing journey…i just need enough money to where i don't have to worry about how I'm going to live. I have to make it out of this trap but i need something that really works so I can pour myself into it. But ive never walked this road before. How do I avoid getting taken advantage of again? How do differentiate real roads to financial freedom from fake ones?
What you explained in this video describes exactly what happened to me with Phil Pustejosky. The man seems honest enough but has no morals! Definitely multi-level marketing.
Can’t wait to see the undercover seminar…
Ever went undercover ? Beat the 5k likes
HIT THAT LIKE BUTTON I WANT TO SEE IT!!! PIN THIS COMMENT GRAHAM