71: Finding Great Deals and Getting Started as a Wholesaler with Phillip Vincent

On today’s episode of the BiggerPockets Podcast, we have Phillip Vincent, an acquisition specialist who hails from the St. Louis, Missouri area. Phillip is part of a large real estate investment firm, handling all the ins and outs of getting properties under contract. This week’s podcast goes into great detail on how to interact with distressed homeowners, how to generate leads from the high-end price points  and walks you through the best way to handle Probate leads. Additionally, Phillip is particularly knowledgeable in wholesaling and shares excellent insight on exactly what you need to do to get started in real estate, ethically. This is an action-packed show, so let’s get into it! In This Show, We Cover:Powerful and unique lead generationThe benefits of having a real estate teamHow to flip a $1,000 houseHow to actually purchase in high-end marketsHow Phillip lost $200,000 on a spec buildTime Capsule Homes and why they make great investmentsUsing SEO and PPC to get dealsA snapshot of the life of an Acquisition SpecialistWhy marketing doesn’t really cost you any money…How to leverage wholesalers and newbies for lead generationThe importance of being ethical when wholesalingHow to network effectivelyAnd a whole lot more!Links MentionedThe BiggerPockets MarketplaceHow NOT to Flip a House: An Embarrassing Story of Wasted Time, Money, and OpportunityAutomatic.comBooks Mentioned in the ShowRick Dad Poor Dad by Robert T. KiyosakiThe Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes by Bryan BurroughTweetable Topics “In real estate, don’t buy weird.” (Tweet This!) “Find people in your market that have too many leads and simply go help them with those leads.” (Tweet This!) Connect with PhillipPhillip’s BiggerPockets ProfileFasterHouse Website: http://www.FasterHouse.com/