Brief introduction, I'm new to Bigger Pockets but I've been blown away by the amount of content on here. I'm interested in becoming more active in real estate investment and I've been very intrigued by the wholesaling strategy. My question is specifically around an upcoming continuing education class on wholesaling that is being offered by the WA REIA at North Seattle community college. The topics looks like they would be great for someone starting out, and I'm also really looking for a chance to meet other investors, but I'm curious if anyone has any experience with this class and if they can relate it here?
Firstly, full disclosure, I am a business member of REIA and have been since last July. This means I paid a little bit more for my membership in order to have a display booth at the networking events, along with the option to speak formally at those events.
I took the wholesaling class that REIA offered last October and I have to say that it was an excellent use of my time and money. Prior to the class, I was quite well versed in the ins and outs of wholesaling, however, the class that helped me to connect all the dots and put everything together in an orderly fashion. After the class, I had the clearest understanding of the entire procedure involved and I strongly suggest even experienced wholesalers take the class. If you're a newbie, I believe it is an absolute basic requirement.
Not only will it help clear up some outstanding issues and provide a detailed step-by-step procedure, but also the speakers, Shirley Henderson in particular, offer some valuable tips I have yet to see in any book, YouTube video, etc., or anyone here on bigger pockets.
For instance, they will go over the process of double closing, how is totally unnecessary and why only newbie wholesalers would consider it. In great detail they will go over the rules pertaining to owner-occupied properties with respect to equity skimming, and how to avoid running into issues with them and subsequently the attorney general.
And yes, it is a great opportunity to meet other real estate investors in your area. Truly, if you want to get into wholesaling you should take the class.
My only regret about the group itself and the class is not having joined sooner
Great, this sounds like what I'm looking for. I just registered and I'm really looking forward to it. I appreciate you taking the time to answer my question. Hopefully I'll cross paths with you at one of these meetings.
Yeah no worries. I hope you have a good time and learn a lot. I'm not able to make it as i am of country but I look forward to meeting you sometime in the near future. By the way, would you be so kind as to drop my name when you go to the event please? I don't get any kickbacks or anything but I get brownie points.:)
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing