All Forum Posts by: Joseph Caracappa

@Tim Puffer

My wife and I use listsource, I like it for the most part.. the records seem to be up to date. You will see when they send the list to you it has a ton of unnecessary info. I decide what I need then copy and and paste the necessary info. into a spreadsheet. And then print it out. It is so much easier when you are writing letters. Also we contacted a few realtors in our area and introduced ourselves, told them our story, criteria and plan. And then asked to be put on a auto respond. It shoots us an email every time something hits the market or changes in our area. It's a good way to find a good realtor as well. 

Best of luck bud.

@Jerome Leigh Goddard Jr.

Congrats on getting started at 18! It's great that you found biggerpockets! There is no better online platform to educate yourself about real estate. My advice would be to be educate yourself like crazy! Save your money so you something behind you no matter what nitch you choose. LEARN YOUR MARKET! Take massive action! But realize real estate is like any other business in the sense that it takes time to build it. It's great to have big goals, but never get discouraged if you don't hit them in six months. Be in this for the long haul! And you will do great! To your success and best of luck bud!

@Sean Williams

Not trying  to shoot down your idea, but I would never pay a monthly or one time fee bring anyone a deal. And also would not pay for training, not when we have access  to biggerpockets. In my opinion you should lead people here and if they have the will power to learn and follow through then build partnerships with those people. This sounds like a guru plan to me. But this is just my opinion. 

Best of luck!

@Mark Redmann

              When we started marketing we did the same thing and had the same result. We switched to hand written yellow letters and we are very happy with our response rate. This type of marketing seems to work a lot better in our market, not saying it will be the same in yours? Another thing we started doing is looking at all the subject properties on google street view, just to get a rough idea of what the property and neighbors looks like. We are looking for busted houses in great areas and those go on a top priority list. The great looking houses we switch our marketing geared towards seller finance. We don't send out as much as we did in the beginning, but our marketing is more focused now. 

Best of luck!  

p.s. when I said "double close" I mean use a transactional funder, close and sell to your buyer..

@Canesha Edwards, this topic is greatly debated here on biggerpockets.. I am not a lawyer, but as far as I know if you have a purchase agreement with an assignment clause and you assign your interest to your buyer it is legal for now.. You can also double close.. My recommendation is to always be honest and up front with your seller and buyer, tell them exactly what you are attempting to do and if they still want to move forward, I see nothing wrong with it. As far as building a buyers list, well that is another debatable topic. But I can say this, I see no need in going out locating a ton of buyers and then finding out you cannot perform for them. Learn the numbers, learn your market, figure out what type of sellers you are going to target, how you are going to market to them, etc. Know a great deal when you see one, so when it comes along you can execute with no hesitation. While doing all this, network to find one or two good buyers in your area and tell them you are new but hungry! You can get some business cards and drive your area, look for houses with dumpsters, portable restrooms, under large amounts of construction, etc. Get out and introduce yourself and figure out if they buy and sell real estate on a regular basis. There is a ton of ways to locate buyers here on BP. But learn the game before you go tell a bunch of investors you can find them deals.. This is just my opinion.. best of luck in your pursuit.

Sincerely,

Joseph Caracappa      

@David Espinoza

Real Estate is like anything else, you have people that have done one or two deals and hated every second and you have the pros that built a large business. Real Estate is not for every one, but in my opinion if you are interested I would spend my time listening to the pros here on bigger pockets. Best of luck!!!

@Windie G. Listen to a ton of biggerpockets podcast! Just my opinion, but listening to people that have succeed in this business will help you get motivated. I have two kids myself, I know that family, work and building a business is no easy task! When I start to feel overwhelmed, I stop and remind myself why I am doing this, listen to a podcast and keep moving forward! Hope this helps and best of luck!!!

@Juan Soto I have seen this question come up a lot.. In my opinion you need to start looking at deals, get educated on your market.. Finding great deals and executing on them is the difficult part of wholesaling! If you have a great deal, you will have a buyer! You want distressed properties in good working class areas, with good schools! Best of luck!!!

Yeah buddy I wouldn't mess with that.. If he had that great of deals why would he need you to find a buyer??? If you are going to wholesale, build your own business, you own marketing and if you are going to work with wholesaler in a partnership, I think you should do so within your market. There is virtual wholesaling, podcast 42 with Mike Nelson. But I would again try to start in your market and build out.. Just my opinion.. Best of luck!!!