All Forum Posts by: Belinda D.

wow!...

I sit here shaking my head at what's happening. I don't know about anyone else, but this forum is my "class room". The "subject" of this post is interesting and is amusing to some, because we know that "clarification" is required. Fine, the commentators chimed in and Chris mentioned that the title could/should be revamped (it's some where in there).

Wholesaling is not guru easy and it is not rocket science. I like being transparent with sellers/buyers and whom ever, from the beginning. It just makes it easier for everyone to be on the same page and it sets the expectations. I will not go to a buyer, an agent or contractor, to "learn the ropes". From my perspective, too many newbies have been taken advantage of this way. Yes, this is a people business and networking is crucial, but you also have to learn who are the opportunists and the wolves in sheep clothing.

I understand that @Chris Piper 's suggestions are for those who are "broke" and even if a $100 was in the account, it would be used for food or to pay a bill. I do not agree with everything he said, but I will repeat, he is doing what works for "him". Take it with a grain of salt (if needed) and address any issue(s) you may have "respectfully", so that he, myself and any student will have a positive learning experience, instead of being left confused, open mouthed and/or headed for the door.

Whether it be this topic or any other, our "approach" has to be different. We are on this forum to give and receive help and this should be a "safe" place where we can share and learn without the fear of people jumping down our throats, riding on our backs and repeatedly kicking us in the butt. If we need to be de-guru-tized, then please do so without the pain and insults

@Chris Piper I commend you for always going above and beyond to help newbie wholesalers get over the initial hump (s). I understand that you are just mentioning what works for you. Thanks for sharing.

Like all the other posts, we (as newbies) can pick and choose what info/advice we want to implement. However, I am thankful for the experienced investors/commentators who are quick to advise us about the consequences of our choices.

@Account Closed

@Account Closed

@Account Closed

@Account Closed

It is important to distinguish who is/is not a guru and it also depends on personal opinion.

I have been to a few guru seminars and I regretfully spent a couple thousand dollars (seemed like a million to me) at a particular guru seminar that was only a precursor to a very very expensive course and membership.

I do listen to Sean's podcasts and webinars. He gives a wealth of information for "free". I agree with Melodee: "He lays out the COMPLETE process of wholesaling step by step, from every angle".

As a newbie, giving up is very easy to do (because of negativity from others, uncertainty, fear, lack of finances, etc,etc, etc.). Other than BP, Sean's personal message and heart to heart (after the podcasts) helps to keep me focused and have been an important source of encouragement for me.

@Account Closed

Done.

@Account Closed

@Account ClosedIf an unlicensed person is marketing the "property", soliciting for buyers, etc. without having the property under contract, then that's brokering without a license. Key is to market the contract. Nay sayers will argue that it's still brokering even if there is a contract. There are lots of posts and debates about whether or not wholesaling is illegal. My response is no.

In regards to an agent wholesaling, I cannot provide advice, but others on here can + there are posts about it.

OOps! you are looking for investors, especially in USA, sorry didn't read the heading.

Account Closed

Education is the key! Some investors are OK with "jumping in and learning as they go". I prefer a slower pace like sitting in the rocking chair and eating popcorn while listening to the BP podcasts or I will surf BP for hours month after month, getting analysis paralysis. LOL!!

But seriously, wholesaling is not easy and jumping into it head first without knowing investor basics and the real estate laws of Ontario (what is considered brokering without a license, etc) is not advisable, even if you are a real estate agent. RECO will be quick to shut you down, agent or not.

I am a believer in "learning curves" (OK, yes, I have an extreme case of analysis paralysis), but just bare with me. I set a learning curve for myself in 3 month increments with the hope of knowing enough in 6 months to pull the trigger. I did pull the trigger within my 6 month deadline, but no deals, Oakville is a hot market, even tear downs are selling @ and above retail price. Looking back, I am glad I had no deals, because I still did not know enough and I was not comfortable with that. To date (9 months later), I have the confidence and I am looking @ other cities and taking more action.

You said you are working on a few properties and I am guessing you are looking for investors on this site. Question is do you have a good deal. There are lots of resources on here (members included) to help you determine if a deal is good or not. If the deal is good, get a PRO account and market it there. Also why not partner with other agents who have off market buyers?

Regarding investing in the USA, other USA BPers and the Canadian members who are investing in the USA will eventually chime in to give advice.

All the best to you.

@Account Closed