All Forum Posts by: Gabriel Amedee

Oh wow that is strange. Interested to hear responses on this.

My company wholesales deals and we also require a non refundable deposit. Although it is only ethical that if the deal falls through, without any fault on your part, that you get the money back; this is specified in our contract.

What is the difference between this license and a general contracting license? They sound similar in your context but I'm just assuming here. If they are the same license then no it is not like realtor who still needs a broker. You can be an independent contractor and hold full responsibility for projects under your name. This exam has gotten very difficult over the years (in Florida at least) and requires an abundance of book reading if you are not experienced in the field already. I'd like to say it is 9 (may be 12) books in total in which the exam is based on. This is specifically in reference to a general contracting license. Not sure what residential builder is.

The technique I've read and heard repeated by many is to find the ARV in their neighborhood and offer 70% of that. If they can stay somewhere close to that range then agree to go and see their house personally. At that point check for roofing, code restrictions etc and sometimes the house might be in such good condition that you can offer them a little more than what you agreed upon and leave with a happy client. Also make sure they spread the word of your business for being so honest about the value of their house. If the case is that there is a big repair that needs to be done, hopefully that 70% estimate covers for it as well as your cut and the prospective investors cut. I personally will point out the issue and tell them I will have to take lower than what I offered you roguishly because of these issues. Hope other more experienced wholesalers chime in with some more ideas

Welcome to BP! 

Just want to ask what you are referring to as your "first deal" ? Are you venturing into rehabbing/ fix&flip? Or more into wholesaling?

@Karen P. How do you think your business with a client will be affected when there is a not so cooperative tenant occupying the living space in which you are trying to convince them to buy/rent? I'm no agent or expert seller, but I do know first impressions are everything. I'd personally focus on removing the tenant first. I hope more experienced members chime in and enlighten more on this topic as I am interested in the most effective solution as well.

@James Danchus  I spoke with a local wholesaler and offered to aid him with tedious tasks (put up signs, drive to courthouse for probate listing, etc.) in exchange for strategies and knowledge in the industry. 3 months later we now have a partnership and wholesale together. 

Wanted to add to your original post that probate listing is a very cheap lead generating tactic. 

Also, if you're fine with breaking the law which I DO NOT endorse in any way, you can create a different google voice number and flood your target area with bandit signs and that number. Forget only one weekends, leave them up all week and take advantage of the daily commuter traffic. If law officials search the number it is not linked to any specific phone bill. A "friend of mine" has used this technique with success. 

These two tactics should fall well under $500 startup cost, you can't complain.

If it's a good deal you should be contacted quick if posted on Craigslist. I would also go about seeking investors on LinkedIn and contacting them all with your deals, if you truly believe you have a great deal on your hands. If desperate you could always contest another wholesaler in the area who surely has a large buyers list and can get it sold quick for a small fee

If it's a good deal you should be contacted quick if posted on Craigslist. I would also go about seeking investors on LinkedIn and contacting them all with your deals, if you truly believe you have a great deal on your hands. If desperate you could always contest another wholesaler in the area who surely has a large buyers list and can get it sold quick for a small fee

Switch your degree to something you can apply to what you enjoy. If not you'll really be wasting your time. Also the answer varies greatly on your financial situation. I've had scholarships cover my whole tuition until my last year so I felt more free majoring in something I enjoyed rather than something that was going to give me a return on my money. Also wanted to suggest a little article: http://www.inc.com/john-boitnott/40-young-people-who-became-millionaires-before-they-were-20.html The whole seriousness cause you're 19 mindset is really self destructive. People will always take you as seriously as you take yourself. I learned this first when I was 18 and a manager at a pizza shop giving orders to men twice my age. I currently have a friend who got his license at 18 and closed his first deal 8 months after. If you feel it's your passion and you can see yourself succeeding, go for it full force with out allowing any excuse to set you back.