All Forum Posts by: David Ramirez

Hey @Michael Pithium, 

If your goal is flipping, I would go right into that. I would recommend finding someone in your market who is already flipping and being a resource to them in exchange for knowledge.

Wholesaling is a completely different business, with 80% of it being marketing and sales. I run a wholesaling operation here in Florida, but I got started flipping properties, so don't think wholesaling is an entry to real estate investing because it's not.

Feel free to reach out with any questions. 

Best of luck!

Maybe a beginner wholesaler would be cool with something like that.

But for us, we wouldn’t partner with an end buyer unless we’re getting a percentage of the profit on the backend, and it has to be a lot more than the wholesale fee for that property. The thing is, that kind of partnership puts a limit on how much we can make from the deal. Every deal is different, and supply and demand really dictate what we can sell it for. Sometimes, we get buyers who are super eager to find their next short-term rental, and they might offer way more than a flipper would. More often than not, we get a flipper who does the work themselves, has cash, and can afford to pay more than others. That’s why we can’t just go with one buyer—it wouldn’t make financial sense for us. At the end of the day, we’re running a business, and we’ve got employees and marketing costs to take care of, so we need to make sure it all adds up.

You have to know how to analyze properties so you can get a property that is a deal for an investor. While you start working on getting your first property I would network as much as possible so you know who to connect with in your area when help is needed. 

I will always recommend first to get an actual deal and then find buyers. When you have value to offer right away you make better connections with buyers and you need help finding a buyer you can partner on your first couple of deals with a seasoned wholesaler. 

When assigning the property you will ask for a non-refundable earnest money deposit from the end buyer. Make sure it's a significant amount of money so the likelihood of backing out is less (In Florida our minimum is 5k but usually our buyers put 10k). 

Are you looking to find deals for wholesalers or trying to find deals to wholesale? 

I would assume is the second one because if not it doesn't make any sense unless you are JVing 50/50 

By the way, you can find wholesalers in Facebook groups. 

Call remodeled comps in the area that has been bought and sold within a year 

Hey @Joseph E., 

Thank you for your service!

Feel free to reach out with any questions in regards to flipping and wholesaling. 

Best of luck

Just like @Russell Brazil said, 

I would review your contract to see if any of the established terms are not being followed. You may have a way out if the contract states that the house had to be delivered vacant.

Agree! 

Usually, our cash buyers pay more either way since they do not have to pay lender fees. 

I'm not an educator whatsoever but feel free to reach out with any questions. 

Tampa bay area
Block - not older than 1940
Wood frame - not older than 1970

Min heated sq ft 900

out of flood zone