All Forum Posts by: James Green

@Dan Wittenkeller what was your post exactly. What emails were you getting from them? Your question is still kind of fuzzy. Are you just remarketing someone else's deals or do you have your own under contract and looking for buyers? If these "deal brokers" are tacking on $5K, then they've probably killed the deal. That's $5K out of the end buyers pocket/profit.

Sorry @Antoinette Borges, there is no ".... best, fastest, easiest route to take to get cash from investing in real estate"

There is no EASY button.  If there was, it wouldn't be advertised & definitely not free on the internet. REI is a business. Sure some take off quicker than others, but that doesn't mean you will OR you won't.

Wholesaling is not quick money.

Flipping is not quick money.

Landlording is not quick money.

Note investing is not quick money.

Buying tax leins is not quick money.

Private/Hard money lending is not quick money.

Etc, etc, it's all a business & if you treat it like a lottery ticket it probably won't work.

If you don't have $900.00 for a course, I'm sorry you have bigger problems. You have a broker's license, go sell a house and grab some "quick money". You already have an advantage most beginning investors don't have.

Wholesaling is a grind & I wholesale in an expensive market. The market though is irrelevant because there are distressed situations everywhere. BTW, I know individuals that make 10K+ wholesale fees in those inexpensive markets, with those "cheap houses" like in Wilson NC or Balt city MD up here in my area.

@Eddie D Brown you can't.

@Artavious White you need to read the forums, there is plenty of information on this site. Also how do you know you have a "guaranteed buyer", if you've never sold them anything?

@John Loscalzo get to know your market, by networking at the local REIAs. Only individuals local to you, can tell you about your market. People invest in good & "bad" areas all the time in every market. Bad area is based on your tolerance and bank account.

@Jim Growfer not to seem like I'm piling on, BUT, how do you know the "buyers" on your list will & can close?!?!? If you've never done a deal, you don't know. Don't believe what they say, believe what they do. I don't know how many so called "buyers" on my list that have called me about a property they want the lockbox code to, to look at, yet they can't produce a POF. I've even had some text me "what is POF?" Even when I tell them, because it's evident they are starting out, they still are unable to get a letter from a lender.

In short, as others have said a broker has no reason to work with you, until you have proven that you or your investors can close deals.

@Christopher Sparacino you need to check out the bookstore. It sounds like you are at the very beginning and there are some books that would help guide you with your questions.

@Deonte Palmer there is no best way. Real estate is local, what may work great in Chicago, won't necessarily work great in DC, Joliet, Raliegh, Mayberry, Gotham City,..etc.

Finding Buyers is like shooting ducks in a barrel. I know of this super secret website, that goes by the initials "BP", I heard they have thousands of buyers on there looking for deals. >;- )

@Martin Schriber, please contact the other wholesaler to come to an agreement. Else otherwise, if you by chance get a buyer that buys, you will not get paid because you are not involved in the deal.

@Shakia Morrison please ask the fool that misled you, "how collecting a business card is illegal?!?!" You are networking! You don't need a lawyer to tell you that collecting names of individuals that want YOU to CONTACT THEM, about a real estate deal, is legal. What law are you breaking? Definetely not any privacy laws, since they are giving you information with permission to contact them.

I wholeheartedly agree with @Lydia R. about finding motivated sellers. Finding motivated buyers is EASY and LEGAL! If you want to build a buyer's list, hit all the REI meetings in your area this month, collect business cards, and you have the start of your list. Every meeting, networking event, you go to exchange cards. Easy, free, 1000% legal.

Finding sellers is the trick & what seperates you from wholesalers that wholesale and "wholesalers" that don't.

@Casey Pozzanghera, ditto same as cash, but with a few more steps. Just line up your funding NOW & make sure you have cash of your own to bring to closing, whether it 10-25% depending on your lender.