All Forum Posts by: Nathan Paisley

Hey guy's first time poster but been on here reading for months! AMAZING info on here must say thank you BP!!

Anyway I'm new to wholesaling and I have 1 under contract and about to have 2 more. I look at it like this (tell me if I'm way off) If I see a used pickup on the side of the road that needs new tires, paint, tune up and a new windshield. The man selling it, has a second car and is tired of paying insurance for 2 vehicles. So talk him down from the asking price because it obviously needs quite a bit of work. He agrees and he signs the title over to me. I then take it to the DMV (aka title agency) and pay the fees (closing costs) to change all the info over.

I turn around and sell it for a higher price and make couple hundred bucks.

What's the difference? I didn't have a license...

I know plenty of REA's that would do WHATEVER it takes to sell a property (use your imagination...). There are a lot of good and bad people in every profession.

Personally, I tend to get the feeling that REA's think we are stealing properties from them that they could of sold... but they COULDN'T because they never looked for it. I feel like a GOOD wholesaler is out there MAKING a deal. Rather then waiting for someone to call them to sell their property. I will eventually get my license at some point but I'm in no rush.

I do have a backround in rehabbing houses, cars and anything with moving parts. So I def. know what it takes to evaluate a house for repairs. I've also done my homework. I do use the 65-70% ARV method. The one contract I have I'm only gonna make like 5-10k. The other potential deals I'm gonna make 10k each. But my buyer is gonna make 30-60k on each one. I want him to make lots of money. If he's happy I'm happy!

Maybe everyone is mad at the "gurus" for telling people it's so easy and that anyone can do it. But I think it comes down to it's a business. Money can drive people to do crazy things. Some care, some don't.

Sry for babbling on! I'm prob. gonna get torn apart by you guy's... Cheers!!