All Forum Posts by: Jeff He

@Daniel J Cano, thanks for the response. What's the typical purchase numbers on a property that nets 10-30k per deal? When you say you partner, do you end up owning a portion of the property you find or do you just work exclusively with a small group of investors? 

Open question to the wholesalers out there and people who work with wholesalers. 

If the deals wholesalers find are good, what's stopping them from doing the deals themselves? Is it safe to assume that wholesalers only pass on deals that they themselves pass on? 

Have you ever met wholesalers that are interested in also participating in the deals they find with the buyer? For example, they get paid their finder's fee (bid-ask spread), but they also get the opportunity to invest their own dollars and become a LP in the deal? 

@Patrick Messenger

Welcome! Sounds like you're off to a good start

@Daniel Coleman

Thanks for the clarification. My opinion is that if you're doing big deals with the same group of people, the traditional method is the simplest. If you're trying to do a securities sale with a variable group of investors, Reg CF or Reg D would be the best option.

@Daniel Coleman

Could you explain what you mean by traditional route? Like forming a LLC where everyone is an equal managing member?

Disclaimer: I'm not a lawyer

@Jason Morford

My advice would be that buying a home vs buying a property to rent out or house hack is very different. Not a marriage counselor, but your wife will probably appreciate the two purchases being separate. 😂

$250k is a large enough saving to work with, but your income will probably also dictate how much financing you will qualify for. BRRRs are great, and thus hard to find, so depending on your timeline, a turn key MFH might be a good place to start. Happy hunting!

@Daniel Coleman

I have used Regulation D successfully but there are several steps involved. I still own a part of the LLC that owns the property because I contribute capital just like the other investors. I would personally never use Regulation D to raise money from others unless I I feel comfortable holding all the risk.

@Jared Adam

Welcome to bigger pockets! I started my journey by learning as much as I could through bigger pockets podcasts and networking with people. I also made it a habit to a analyze at least 3 deals a deal. This helped build a good sense of intuition when looking at properties.

@Dimple Gajra

Are you looking to invest for appreciation or cash flow? I would also look at rent prices in the region

@Elijah Brzezinski

If time isn't an issue, you could look at seller financing. These deals can be harder to find. There's also hard money lenders that loan based on the property value and not your income