All Forum Posts by: Abigail Timbol

If a house has been on the market for a year, is that a red flag? Does it mean that other more experienced investors knew it wasn’t a good deal and that’s why no one has snatched it up? I tried to do a deal analysis, and my numbers keep coming back so good that I’m worried about why it’s still available.

@Damarius Gilbert thank you for your response and suggestions! Those are some great ideas!

@Isaac Johnson that podcast episode was so inspiring!!

@Charles Willie Harris I haven’t gotten started with any deals yet, but I’ve been looking into/listening and reading the different resources suggested to me!

@Isaac Johnson thank you! This is great info!

I’m 23, I’m a full time nanny, and I’m slowly growing my savings, but very slowly. I really want to get started with wholesaling. I’ve been doing a ton of research and reading blog posts here about it. I feel like I’m close (knowledge wise) to being ready. But I’m not sure if it’s important to have a big amount of savings before getting started with wholesaling.

I’m new to wholesaling. I haven’t actually started trying to make deals yet, I want to make sure I’m educated enough in the risks/technical business aspects first.

From reading a previous post, I have learned that it’s best to accumulate a buyers list first, and no what they are looking for before talking to sellers.

My question is, how do I accumulate a list of genuine buys? Do I just look at Craigslist ads and set out bandit signs? How do they know they can trust me to find them deals? Do they know I intend to profit from finding them a profit?

Do I need to agree with them on how much I’ll profit from finding them the property?

I know that number probably varies greatly between people’s comfort levels and preferences. I’m just curious if there is a commonly recommended amount. I’ve been researching and learning how to get started investing without using my own money, but I still feel like I need to have a good amount of savings. I just don’t want the question of savings to become a reason that I keep putting off getting started. How much would you recommend a newbie have in savings before getting started? Is the number in the $10,000s range? Or $100,000s range? Thanks in advance!

@Brian Paek thank you! I’m not 100% ready to get started yet. I believe I need to get my savings built up first. But thank you for reaching out and I’ll keep your name in mind when I do get started!

@Jason Tucker thank you for sharing your wisdom!