New Wholesaler just wanted to say hi

New Wholesaler just wanted to say hi

Investor · Wilson, NC · Member since 2011 · 34 posts · 11 votes

Hello all I am a new wholesaler and I was informed that Bigger Pockets was a forum to gain more education on the topics of real estate investing. I have chosen wholesaling as my niche with an eye of expanding into other areas of REI as I gain more finances and more importantly more knowledge. I have been reading up on this forum as well as books on the subject of REI and I am finally ready to TAKE BOLD ACTION!!! I look forward to getting to know everyone on here and helping when I get the knowledge to contribute.

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  • Wholesaler · Dallas, TX · Member since 2009 · 308 posts · 92 votes
    15y

    Welcome to BP!

    How will you be finding your properties?

  • Real Estate Investor · Columbia, MD · Member since 2011 · 24 posts · 2 votes
    15y

    Welcome to BP Dwaum! Good luck on your future endeavours!

  • Investor · Wilson, NC · Member since 2011 · 34 posts · 11 votes
    15y

    Chris,

    I have recently purchased some bandit signs that I will be using to saturate my marketplace. I have found a decent number of vacant houses while"cruising for cash" I have started direct mail marketing to the owners of these properties and am waiting to hear back.

    I also have some word of mouth marketing going. My wifes friend's in-laws house is in pre-foreclosure and I am a little uncertain as to how to approach that situatuion as it is not your typical wholesale deal from what I understand. If you have any tips to pass along on this situation I would really appreciate it.

    @Mike
    Thanks for the welcome and wishes Mike, I appreciate it.

  • Wholesaler · Dallas, TX · Member since 2009 · 308 posts · 92 votes
    15y

    Find out if there is equity. Are they wanted to do a loan mod or short sale? You will need specifics to determine which way to go on that one.

  • Involved In Real Estate · Rochester, NY · Member since 2011 · 138 posts · 11 votes
    15y

    Welcome Dwaun!

    Lots of good forums on wholesaling on BP!!

    Good luck!

  • Real Estate Investor · Bellingham, WA · Member since 2008 · 407 posts · 90 votes
    15y

    Welcome Dwaun

    You've made a good choice coming here to ask your questions. Good luck

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