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All Forum Posts by: Todd Heitner

Todd Heitner has started 42 posts and replied 144 times.

Post: Is wholesaling a waste of my time?? Where can I begin?

Todd Heitner
Posted
  • Specialist
  • Huntingdon, PA
  • Posts 146
  • Votes 57
Quote from @Bonita Woodbury:
Quote from @Todd Heitner:
Quote from @Bonita Woodbury:

I'm a new investor and am using wholesaling as a strategy to build capital so that I can eventually scale to buy and holds. I felt very confident about this plan until actually working deals. Wholesaling is very time consuming, and the return on my investment of time and effort is not always guaranteed or worth it in my opinion. What other strategies would you recommend when getting started in investing with minimal capital outside of wholesaling  (by minimal I mean about $60K of my own money). OR - should I stay the course with wholesaling, keep trading my time for dollars for a while, and learn as much as I can before making riskier investments? 

 @Bonita Woodbury, what would you say is your biggest challenge with wholesaling? 


Hi Todd! Sourcing deals has been a challenge because it seems all of the markets I'm looking in are oversaturated. It seemed no matter who I called, if I got someone, they'd already heard from a thousand other people trying to buy their house. 

My county has a tedious process for acquiring probates, but I've been going through that process to get leads and have a much higher response rate, it's just more time consuming because it requires me to physically sit at the court house, go through records, and write them down lol.

The other thing I've found challenging is being a one-woman show - acquisitions, dispositions, accounting, admin - but I realize this can be a pain point for a lot of new investors. 

I'm currently educating myself on commercial wholesaling, but that's a whole different ballgame.

 @Bonita Woodbury, I'll DM you with a link to a service for wholesalers that can help you automate the lead search process. 

Post: Is wholesaling a waste of my time?? Where can I begin?

Todd Heitner
Posted
  • Specialist
  • Huntingdon, PA
  • Posts 146
  • Votes 57
Quote from @Bonita Woodbury:

I'm a new investor and am using wholesaling as a strategy to build capital so that I can eventually scale to buy and holds. I felt very confident about this plan until actually working deals. Wholesaling is very time consuming, and the return on my investment of time and effort is not always guaranteed or worth it in my opinion. What other strategies would you recommend when getting started in investing with minimal capital outside of wholesaling  (by minimal I mean about $60K of my own money). OR - should I stay the course with wholesaling, keep trading my time for dollars for a while, and learn as much as I can before making riskier investments? 

 @Bonita Woodbury, what would you say is your biggest challenge with wholesaling? 

Post: Financially Free in just a Few Years - aka "get rich quick"

Todd Heitner
Posted
  • Specialist
  • Huntingdon, PA
  • Posts 146
  • Votes 57

That’s a great line @Steve Vaughan, “clock punch free and indigestion free are two different things”

Post: 👉Boldest real estate goal you ever set and how you achieved it!?

Todd Heitner
Posted
  • Specialist
  • Huntingdon, PA
  • Posts 146
  • Votes 57

Very interesting thread and a good reminder to set specific goals and write them down after all, "he that aims at nothing, hits it every time!"

Post: Long Distance Property Owner- Augusta, Georgia

Todd Heitner
Posted
  • Specialist
  • Huntingdon, PA
  • Posts 146
  • Votes 57

Hey @Hope Hendricks, great post thanks for sharing. So sorry to hear you got burned by your contractor, as you say it does seem to be a problem everyone faces. I recently shared this thread with our team which highlights that finding good contractors is a problem that all investors face...https://www.biggerpockets.com/...

Post: Real Estate Investment #2

Todd Heitner
Posted
  • Specialist
  • Huntingdon, PA
  • Posts 146
  • Votes 57

@Grant Rutherford, a good lesson to share thx Grant

Post: How to buy/sell off-market multi family properties?

Todd Heitner
Posted
  • Specialist
  • Huntingdon, PA
  • Posts 146
  • Votes 57
Quote from @Austin Ardrey:

I'm looking for information or to create a thread to discuss the topic of buy or selling multi family properties off-market. Any and all advice would be helpful and I would love to connect with anyone to learn more about this topic!

One way to contact owners is to look up rental ads on Zillow, Craigslist, Apartment.com, or in newspapers. An empty apartment unit means that the owner is losing money. This may be an ideal time to ask them if they’re willing to sell the property. Often, the listings you see online will be posted by property management companies which are not the owners. To find the property owners, look up the property in public records. For instance, if the property is owned by an LLC, you can check the Better Business Bureau (BBB.org), Bizapedia.com, Manta.com, or Google to find owner names and contact information. LinkedIn is also a great way to find owners.

Post: Wholesaling Website Credibility

Todd Heitner
Posted
  • Specialist
  • Huntingdon, PA
  • Posts 146
  • Votes 57

Hello Chase,

Obviously I'm seeing this post very late but just wondered how things worked out with the website? Are you still using Carrot?

Post: Long Distance BRRRR Advice

Todd Heitner
Posted
  • Specialist
  • Huntingdon, PA
  • Posts 146
  • Votes 57
Quote from @Zach Wagner:
Quote from @Andrew Syrios:

The best markets to BRRRR in are generally the midwest and southest (i.e. Oklahoma City, Kansas City, Des Moines, Birmingham, Memphis, etc.). The coasts are too expensive and the Rust Belt is pretty run down. But there are definitely still opportunities in the Rust Belt.

Thank you, I have looked into a few of those. When you refer to the Rust Belt, what are you referring to? I have never heard that term.

Indiana, Illinois, Michigan, Missouri, New York, Ohio, Pennsylvania, West Virginia, and Wisconsin are considered to be the Rust Belt states. These states were the manufacturing center of the U.S., employing a large part of the population in manufacturing jobs.



Post: First Multifamily Investment Property (through syndication)

Todd Heitner
Posted
  • Specialist
  • Huntingdon, PA
  • Posts 146
  • Votes 57

Way to go @Thomas McCarthy nothing can stop you now!