All Forum Posts by: Mike Ewing

David I'm in the same position although I do have 1 investor. I personally really like the flipping/wholesaling calculators here on BP. They are super easy to use and put the info together in a way that looks professional for lenders while giving you the confidence that all your numbers work together for the deal 

I was thinking that. The problem with the shows is it has never amounted to much even for the remodeling business. Just a lot of people looking for free ideas. Unfortunately we paid for it a year ago when the last one ended. We were thinking of not wasting our time this year then I thought I could salvage it with this idea. I believe your right though thanks for the input.

We have a booth at a pretty big home and garden home show that comes to town every year. What does everyone think about setting it up as a "we buy houses" type thing. We normally use it for our home remodeling business but are trying to make the transition into flipping/ wholesale. I've done it for the past few years and we would be the only one there doing that.

Congrats Robert. If there is one thing anyone new like myself could take from your post is to partner with experienced investors to learn the ropes. I will be looking to do the same and hopefully save so much more money while learning the right ways.

I have a partner looking to invest $100,000. Originally the plan was to flip homes with it but since becoming addicted to BP and all the literature that everyone recommends Ive learned that there are alot more options that may work out better for us. My questions to the BP crowd is what route would you go with this and what is the best way to split the $$. I will be in charge of finding the property along with all the rehab (I've been in construction my entire life and have my own residential remodeling company) and my friend will be the money man. I'm also in the process of getting my real estate license to allow us more access and have the ability to sell our own properties. I would like to make the transition from a construction company to REI full time over the next year so any advice on this is greatly appreciated.

Renovations 4th edition is a good book. YouTube and Google can also help. Also most box stores have a decent selection of how to books.

Excellent, thanks everyone. Seems like as long as there is full disclosure then we are good to go.

Thanks Darrin, I'm thinking if I go into it being totally transparent and honest with them then it should be a win for everyone. Lay out all the options and see what will work best. I just didn't want to cross any ethical lines.

Hello Everyone,

I am just getting into REI and have had my own home remodeling business for the past 10 years. Originally the thought was to flip houses, I have 1 investor looking to invest 120,000. With the rehab knowledge it made sense to make additional money while putting our own style in a house. During my research, I found the BP site and have been hooked ever since. Its opened my eyes to so many options to invest in real estate and one I'm interested in is wholesaling. Wholesaling makes sense to me because I'm learning if I dont start with the right deal then we are started behind the eight ball. Why not make it my goal to find these properties, flip the ones that fit for me and wholesale the others to investors. Ive been looking at houses with an agent I'm learning that she is not quite finding what we are looking for. I know its tough to find the right deal on the MLS, especially when I don't get to things first. With that said been thinking about getting my RE license so I have access to certain opportunities but my question is does this cause any conflict with the wholesaling side of things or could it be a benefit (different options for a seller)?

Thanks guys. It's incredible how much info is on this site and very refreshing to see so many like minded people in one place trying to help each other to be successful. I can't wait to dig in further and learn from everyone.