All Forum Posts by: Jim Pellerin

You are a realtor. You are in a perfect position to wholesale properties. You get first access to new listings and even pocket listings. Start looking for distressed properties and wholesalers. And you can also do off-market deals. And as far as scaling, I wouldn't recommend buying more sfh.  

Abraham Lincoln is often quoted for having said, “If I had eight hours to chop down a tree, I'd spend six sharpening my axe.”

Start wholesaling

 What do you mean "0" luck? How many offers have you made? It's a numbers game. Look at 100 deals. Make offers on 25, negotiate 5, get 1 accepted.

there are some tools out there that can analyze your property and the market for you. I use getwheelhouse

 Dealcheck

It's not free but super affordable. 

I just type in the address into the phone app and create a property record. Then I go and select the comps from a list of about 15. It calculates the ARV from the comps and looks at the Zestimate and gives a recommended ARV. It also looks at the overall deal from a fix and flip or rental. And finally creates a report you can share.

@Jon Hobgood I would recommend start with wholesaling.

 I believe on-market is the best place to find wholesale deals> Watch this guy who does hundreds of w/s deals a year. Youtube channel: Flipping Mastery

@Seldon Rios

It's not illegal as long as it's done right. Like @Chris Seveney said, most people market the property, which IS illegal and not the contract.

But a lot of states are changing and if you are going to focus just in New Mexico then I would recommend you get your license.

Here's a detailed article that references the actual law

https://www.realestateskills.c...