All Forum Posts by: Andre Wilson

What are some good ways to market wholesaling? I've already posted in Craigslist, but I wanted to take it a step further with direct mailing and business cards, but I don't know exactly how to go about doing it or what kind of people I should be targeting.

Any advice would help

Thank You!

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I was wondering how does Pre-Foreclosure works. I saw a nice home in a great area where I live and thought it was to good to be true whats the catch behind Pre-Foreclosure if there is one. Can someone explain the process to me. Thanks!

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Hello Biggerpockets,

I am young college student who would love to pursue his passion in real estate. I would like to get to know and maybe even get together with some people from Rochester who I can talk to and learn more about in real estate and especially wholesaling at the moment. I know there is a lot that I need to learn and I am willing to.

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Are there any wholesalers, rehabbers and flippers here on BP from Rochester,NY that have any advice on RE in the Rochester area I am eager to get my foot in the door but really don't know where to start. My main focus is on wholesaling RE to build cash flow but I want to become more educated before I take on my first transaction.

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Does anyone know of any RE meetings coming up in or near the rochester, ny area?

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Originally posted by @Ben Brunson:

Both wholesaling and flipping are great ways to earn money. To Chad's point, you can earn the $5k with greater velocity, increasing your immediate cash flow. However, to Devan's point, you are potentially passing up on a great overall return. Wholesaling is generally a great option if you get into a new area and are unsure how to move forward and don't have the resources to oversee the flip. I've found that in this space you can usually find partners when you have the property. Again, as Devan said, you hold the leverage. Just make sure the terms are favorable to both parties and that you are protected. From there, it sounds like a great way to get "on the flip training" for your first few deals. That is hard to come by and no amount of education or reading materials can prepare you for your first rehab project.

Best Wishes and Happy Deal Hunting!

Thanks for your input!

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Originally posted by @Devan Mcclish:

@Andre Wilson Just find ways to add value. Offer to manage the project, being there all day, talking to contractors, doing all the leg work no one wants to do. You also go find the properties. Even if you get 10% stake in the property, you will learn more that way than assigning paper

Ok I see

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Originally posted by @Devan Mcclish:

@Andre Wilson If they don't partner with you, they do not get the project..... You hold all the leverage. If it's a deal, money will come

OK I see so I can potentially make 25k without technically using any of my money is what your saying? I want to gain some knowledge here in the real estate world.

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Originally posted by @Devan Mcclish:

Wholesaling and real estate investing can be as profitable as you want it to. If you know how to find the deal and know how to sell the deal you can make 5, 10, 20k on a wholesale. But why would you want to wholesale? If you have a deal where a rehabber will make 50k on it and you'll be making 5k, why would you not want to keep that deal and make a bigger spread. Sure, it might involve you doing more research and learning more, but you could easily partner with an experienced rehabber, get 50% of the profit, make 25k on the deal, and get "on the job training."

Work smarter, not harder

True but will rehabbers want to partner up with me knowing that I don't that much equity to put forth on such a project?

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Can you actually make money by wholesaling in the real estate market. I'm looking for was to build up cash to ultimately be able to buy hold and flip houses in the Greater Rochester, NY area and wanted to know on average how much can you make per deal and how difficult is wholesaling?

Thanks for your input!!

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All Forum Posts by: Andre Wilson

Andre Wilson has started 25 posts and replied 54 times.

Post: Wholesale Marketing

Post: Pre-Foreclosure, How does it work??

Post: Connections from Rochester, NY

Post: Rochester,NY Real Estate!

Post: RE meetings

Post: Wholesaling, can you actually make money??

Post: Wholesaling, can you actually make money??

Post: Wholesaling, can you actually make money??

Post: Wholesaling, can you actually make money??

Post: Wholesaling, can you actually make money??