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ForumsArrowStarting OutArrowStarting to wholesale real estate at 18.
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Starting to wholesale real estate at 18.

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  • Posts 3
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Jacob Gomes
New to Real Estate from Fullerton, CA

posted about 2 months ago

I am an 18 year old student wanting to get started in real estate as early as possible. I have spent a lot of time listening to the BiggerPockets podcast and reading some forums and blogs on here.

I know I cannot buy a fixer right now to get started on holding real estate and renting it out but I am really interested in wholesaling. I have done some research on my own but would love to talk to people that have done it themselves and soak as much information up as possible. I live in the Orange County area specifically Fullerton, CA.

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Check Rosette Top Subjects:
Residential, Traditional Financing, and Analyze Deals
  • Posts 1.2K
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Joe Homs
Flipper from Mission Viejo, CA

replied about 2 months ago

@Jacob Gomes you can start by concentrating on the information below and reaching out to people that can help with more:

LEAD GENERATION

  1. Bandit Signs
  2. Cold calling
    1. Probates
  3. NOD's
  4. Direct Mail
    1. Any list
  5. Door Knocking
  6. a. NOD's

MY PURCHASE RULES

70-80% of ARV

Rehab:

10% of ARV or

$45 sqft under 1500sqft

$35 sqft over 1500sqft

Condo’s $55K

Closing Costs 4.5%

WHAT YOU SHOULD ASK?

  1. What is happening?
  2. What is their situation?
  3. What is the ARV, LOANS, EQUITY?
  4. How much do they want?
  5. How much can you offer?
  6. Negotiate, negotiate, and negotiate.

Go get them now.

Happy Investing...

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  • Posts 3
  • Votes 0

Jacob Gomes
New to Real Estate from Fullerton, CA

replied about 2 months ago

@Joe Homs Thank you for your response!

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