All Forum Posts by: Jamal King

 It is really up to you and how quickly you work. I just got my first Wholesale deal done and got paid on it. I didn't go through them though. I used there platform/CRM to get the place under contract but went about it my own way to find the buyer, therefore the speed of the closing was not representative of the companies ability. 

I am pretty sure it is as fast as the average time it takes for a deal to close if not faster since they can run the back office stuff with there dedicated team. The main headache with them is following there guidelines on the deals they will and wont assist you with. 

for flips you have to get the property at 65% of the arv value- any repair costs, which can be tough to find. Then you have to get 3 different real estate agents to give ARVs on the 45 day sale index. And one has to talk the property.... then when doing the rehab you have to give daily updates. These rules can be a pain but they are fund EVERYTHING so you know. 

For wholesaling you have to get the property at 75% of the ARV and have 1 realtor walk the property (they will be the same one to list it for you) so thats not as bad.

So far, for what I was looking for I am thoroughly satisfied. It got me into wholesaling which I probably would have never done without it. Also, I am looking into getting a flip going with them. 

I wasn't looking for this program as an end all be all for my real estate business. To me it si ply adds to my toolbelt. I can get into a flip project on my own and if I find another I would like to do I can jump into that without worrying about finding funding or a new down payment. They just take half the profit. On the wholesaling side the same thing. I can get a property under contract on my own and work through all of the back office steps and everything else that comes with it, or do it with PD and have the back office stuff done for me and get help finding a buyer. 

You don't have to do the deal you find with them it is your choice. Honestly, the 10k you pay to get in can easily be made back, then you have this great resource at your disposal to lean on. Not to mention all the coaching calls, email support, the CRM and the lead generating tool (that's. Gives 1000 skip traces a month for free). 

For me it has been great.

(Edit) And for the skeptics it does work. I have 2 deals under contract right now, one wholesale which I will be assigning within the next week or so for a profit. The other is under contract and I will probably end up keeping it and starting the rehab, depending on the next couple of people I show it to. Both of these I have under my own LLC.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Scranton.

Purchase price: $80,000
Cash invested: $50,000

Duplex, currently with one apartment fully rented. The other apartment rented by the room.

Currently adding a garage apartment.

Thank you to everyone for your responses. I read them multiple times. We will definitely look into a partnership and narrow things down. We know what we don't want to do, so that is a start.  

I appreciate you all taking out the time to help me out and look forward to further Networking/knowledge building with you. 

Hello BP community, 

I am a Beginner investor and I have a unique situation. I know someone coming into a sizable amount of capital, wants to invest with me and have been wondering were to begin. We are interested in Buying a Multi Family to rent and generate cashflow but we are also Interested in the BRRRR method. Also, recently Short terms rentals are starting to look like a good move.

We listen and study a lot but are scared of the Shiny object syndrome that David and Brandon often reference. There is not much for someone in this situation that is usually addressed. Its usually either a Beginner starting out with very little capital OR someone experienced with capital but rarely someone who is a beginner with a pretty sizable amount of capital who is very serious with the real estate investment space. 

Any suggestions would be much appreciated. Brandon recently made a short YouTube video about what should someone do with 150k I think and it was very helpful but it's hard to find much content that is giving solid genuine advice without a sales pitch. 

Has anyone else had a similar experience? How did you get started? What problems did you encounter and how did you overcome or work around? 

I don't expect to be given any secrets but some advice would be much appreciated. 

Thanks in advanced and may you have a very blessed day.