All Forum Posts by: Gregory Guillet

Given wholesaling is not a form of investing in real estate...perhaps licensee's and true investors should start thinking about a push to do away with related discussions...

Hello All,

I am just looking to see whether a few of you fellow BP members will proof read the following letter to absentee for me in its content and format:



Hello _____,

My name is Patrick Sullivan, my main occupation in life at the moment is wholesaling. Wholesaling is sort of the opposite of a real estate agent in some regards, though not necessarily in a negative way, and it does NOT require a real estate license -- it's just finding the right deals in neighborhoods with potential (NOT war zones) and filing and recording the correct forms and legal documents to execute the real estate transactions. The primary objective of a wholesaler is to work with the end buyer (usually investors) and negotiate a fair price for the owner's property "AS-IS". Although myself and my team of investor buyers will aim as low as possible in price, we consider the cost of repairs and the ARV to similar properties within the area, and it will be all cash transactions, and again, there is no need to make any repairs to the property prior to closing, that is what my investor buyers are here for - to rehab the deals I find for them. Therefore, there is no dealing with banks or brokerages.

I drove by your property at _____ in Leominster and saw potential in the house and am aware that it's a decent neighborhood, being that I've lived in Leominster my entire 23-year life, and thus am interested in making an offer with my investor buyers on your property. On that note, I would like you to take the time to consider this letter, though also realize one thing -- YOU have to be the most motivated one in this transaction or it'll most likely not work out for any of us. Should you think about it and you're interested in making quick, liquid cash on your property give me a call, text or email at the info provided below

God Speed,

(Room for Signature)

Patrick Sullivan

Cell: (978) 549-0853

Email: [email protected]

Hi all at BP,

My name is Justin Hernandez and I am from Jackson, NJ (where Six Flags Great Adventure is located). I recently graduated Rutgers University with an Information Technology degree. I have a deep background and knowledge of trading stocks and FX (currencies) for about 4 years with personal accounts but now want to learn about REI. I am a newbie starting off in Real Estate investing and have little to no money. I have been reading all the information I can get my hands on and am going through Bill Vaughn's Simple Man’s Guide to Real Estate course material as well as reading, The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money by Brandon Turner. What I plan to do is start off trying to mostly wholesale properties but ultimately would like to do fix and flips once I save enough money and can start to venture into these other areas (focusing more on wholesaling for now).

If anyone can point me in the right direction of getting my first deal, I would really appreciate it. I want to make sure I don’t get stuck in analysis-paralysis and not be afraid of taking a risk to get something positive done. I’ll take all the help I can get. I hope I can network and really learn a lot through everyone here at BiggerPockets and I am looking forward to it!

Thanks all,

Justin H

I am currently having to use the strategy of taking out commercial real estate loans (or mortgages) and using personal loans to fund the down payments. I am having trouble finding properties that will rent out for more than the combined loan payments, plus maintenance, taxes, etc.

I am only interested in houses, RV parks, mobile home parks, apartment complexes, and hotels. I think only the first three are within my reach right now.

What was your first profitable investment? What do you think I could buy using this strategy that would turn a profit? If I could find it once, I could find it 1000 times.

Hey all,

My name is Seth Switzer and I'm pretty new to real estate investing but I am a long time BP forum reader, podcast listener and Plus member. I have been lurking in the shadows for awhile but felt it was time to get out there.

I am a Kentucky native, a husband and father of one 4 year old boy. We currently "house hack" a duplex in Lexington, KY with plans to buy our next property within the next 6-8 months. I'm excited to meet some local like minded folks to build partnerships with.

GO CATS!

call the bldg dept in your municipality.  The requirements are different depending on where you are.