All Forum Posts by: Michael Maloney

Yes. I would like to connect with a reliable wholesaler that can find good deals and then flip them.

Thanks @Hans Restuccia

Is it typical for HMLs to want 20% down like a conventional loan?

Thanks,

Mike

Thanks for everyone's feedback. I really appreciate it.

Mike

Good to know. Thanks Anthony.

Mike

Tim,

Thank you! I RSVP'd for the next FIBI today. It's nice to meet someone else here in SD!

Thanks,

Mike

Thanks Karen! Would you suggest that I build relationships with HMLs here in San Diego before I start house hunting then?

Thanks,

Mike

Thanks Jon. Would hard money be looked at more favorably than a conventional loan in a market where cash is king at the moment?

Hey everyone! I was just listening to podcast 9 and Ann had mentioned that it is possible that hard money may not be viewed the same as cash. Can anyone shed some light on what this means exactly? Is there a way for me to find out if it is considered the same as cash here in San Diego?

Thanks!

Mike

Thanks Anson. Would you mind elaborating on what you did to 'pay your dues' to learn the skills you needed? What kind of skills did you learn? Where did you find the resources to learn them?

Thanks!

Mike

Hey everyone. I've been on BP for a short time so far but I'm loving it. I have been reading and getting as much information as I can everyday and it has been going very well so far. Today I read this article: http://www.biggerpockets.com/renewsblog/2013/01/25/how-to-start-wholesaling-getting-past-the-education-and-into-the-field This has opened my eyes quite a bit and has me questioning if I am even capable of wholesaling or RE Investing. I don't have any sales experience, for one thing. Wholesaling also doesn't exactly sound like what I am looking for as far as my goals go. My plan is to flip a few houses and then hold one. Flip a few more to pay that one down. Flip a few and old another. Of course, I have no experience in any of this. I have never even purchased a home before. The plan sounds good to me but since I don't have any experience and I haven't grown into this business organically, I'm not sure what to do. Is wholesaling the way that I need to start out in order to be successful or is there another way to move me toward my goal without wholesaling? Do I need to learn sales and negotiating skills in order to do this? Should I take a Sales & Marketing class? Thanks everyone, Mike