Hello Bigger Pockets World

[Tyrone Alcorn]

Hello Everybody, 

I live in Central Texas area (Williamson County) and pretty much a newbie to BiggerPockets. I've been in and out of the community, but now I'm officially making a start. I'm an accountant by trade, but I'm looking to get into wholesaling currently and eventually into buying and holding as I grow and learn.  I've read all of the information in the educational links and am continually looking to learn but now looking to add action to my knowledge. 

January's goal is to nail down a good title company, have a lawyer to go over the buyer/seller contract that I found on BP for correctness, and nail down at least 10 leads to action. Most importantly, if not top 3, I need to find cash buyers. 

Right now I have a good list of pre-foreclosures and tax delinquencies that I will continue to analyze, and I'll go from there.  If I'm missing something feel free to give me some insights but other than that I look forward to reading everyone's good gouge in the forum and learning some more. 

[James Wise]

Originally posted by @Tyrone Alcorn:

Hello Everybody, 

I live in Central Texas area (Williamson County) and pretty much a newbie to BiggerPockets. I've been in and out of the community, but now I'm officially making a start. I'm an accountant by trade, but I'm looking to get into wholesaling currently and eventually into buying and holding as I grow and learn.  I've read all of the information in the educational links and am continually looking to learn but now looking to add action to my knowledge. 

January's goal is to nail down a good title company, have a lawyer to go over the buyer/seller contract that I found on BP for correctness, and nail down at least 10 leads to action. Most importantly, if not top 3, I need to find cash buyers. 

Right now I have a good list of pre-foreclosures and tax delinquencies that I will continue to analyze, and I'll go from there.  If I'm missing something feel free to give me some insights but other than that I look forward to reading everyone's good gouge in the forum and learning some more. 

 Welcome to the site Tyrone. If I were you i'd toss the wholesaling plan out the window. Despite what you may have read or seen online it's actually a terrible business model & almost always illegal. The only ones making any money in that industry are the guys selling the course to hopeful real estate investors. (many of those guys end up being sued btw)

Smarter way to transact business in a similar capacity to what you probably like about wholesaling would be getting a real estate license & selling properties that way. Just because you are an agent doesn't mean you've got to drive people around town looking at families. I've sold $100M+ & there is a zero 0% chance you'll catch me driving buyers around town.

Anyway give it some thought & good luck to you my man.