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Dec 7, 2016

Are you thinking of dipping your feet into the real estate investing pool because you’ve heard it’s an easy business to get into? Many people think real estate investing and wholesaling is easy because many gurus make it sound simple, but this business requires a lot of dedication, hard work, and transparency when you’re dealing with agents, contractors, lenders, and everyone else involved in the process. You must be passionate and hardworking so that you can turn your properties into great investments like my guest today, RJ Bates, who goes the extra mile for motivated buyers and sellers. 

RJ owned a construction company and investors hired him so he would make them a profit on their flips. He realized he was on the wrong side of the transaction, so he talked to those same investors and they taught him the ropes on acquiring properties. Today RJ owns Titanium Investments and he is killing it in the wholesaling arena. He is going to share a wealth of information, insights, and give you great advice so you can have a better idea of what you’ll be getting into when you’re ready to get into investing and wholesaling.

 

 “Act like each buyer you have is going to buy 100 properties from you. How do you treat them? You treat them a lot different than you do if you’re just trying to move one property.“ - RJ Bates

 

On Today’s Episode of Flip Talk:

  • How RJ’s first property prompted him to change his career direction.
  • What are RJ’s creative strategies in acquiring properties?
  • What is ‘subject 2’ from RJ’s perspective?
  • What pushback has he gotten in ‘subject 2’ situations from people in financial straits?
  • What are RJ’s insights to growing your business?
  • How does he find his private money lenders and what is his strategy to acquiring lenders?
  • How RJ developed the property analyst position, what the role entails, and why those employees are invaluable to him.
  • What RJ thought of wholesaling at the beginning of his career.
  • How relationships are important if you want to be profitable in this business.
  • How ethics are important in wholesaling and investing to make sure your reputation is solid and trustworthy.

 

RJ’s Advice to Real Estate Investors:

  • Don’t neglect Multiple Listings Service (MLS.)
  • Don’t restrict yourself to local investors.
  • Find new creative ways to market your business.
  • If you convince someone to trust you, you owe it to them to handle the transaction correctly.

  

Connect with RJ:

 

Mentioned on the Show:

  

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Join us every Wednesday for a brand-new episode of the Flip Talk podcast. Flip Talk is your show to learn all about the ins, outs, and in-betweens on real estate investing and house flipping. Email your questions to Topics [at] FlipTalk [dot] com. Subscribe to the show and share your thoughts by leaving us a review on iTunesFacebook, or visit our website