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All Forum Posts by: Keith Scott

Keith Scott has started 0 posts and replied 29 times.

Post: Introducing myself here

Keith ScottPosted
  • Wholesaler
  • Cleveland, OH
  • Posts 33
  • Votes 15

Welcome Tracy! BP is all that and some. Take advantage of all the knowledge and experience some of the investor's on here have to offer. Whatever your goals are, this platform can help take you to the next level if you put in the work.

Post: Struggling to find deals

Keith ScottPosted
  • Wholesaler
  • Cleveland, OH
  • Posts 33
  • Votes 15

Hi Jered, What your dealing with is common place in the current market, so you are not alone. I would recommend that you begin to reach out to local wholesalers. They will do all the marketing for off market properties as well the due diligence to make sure that the properties they find fit your needs. Wholesalers can be your best friends in this market.

Post: Buying from a wholesaler

Keith ScottPosted
  • Wholesaler
  • Cleveland, OH
  • Posts 33
  • Votes 15

Hi Chris, You can always check with the title co that your wholesaler is using for the transaction.

Post: Fearless newbie from Essex County Area in New Jersey

Keith ScottPosted
  • Wholesaler
  • Cleveland, OH
  • Posts 33
  • Votes 15

Hey Vertical. Like the name. I'm not in your area but I just wanted to say that your on the right track. Stay hungry because this business is a marathon not a sprint. Good luck!!

Post: Wholesaling out of state

Keith ScottPosted
  • Wholesaler
  • Cleveland, OH
  • Posts 33
  • Votes 15

Clay is correct. It's important to understand the laws in whatever state you decide to invest.

Post: Wholesaling out of state

Keith ScottPosted
  • Wholesaler
  • Cleveland, OH
  • Posts 33
  • Votes 15

Hi Renee. It's pretty much the same as wholesaling in your own state except you will need some reliable team members on the ground wherever  you decide to invest. I live in Ohio and have done deals in Detroit, Michigan and Buffalo, NY. But if I need to get to either city its only a few hours drive which makes wholesaling their a little easier. PM me if you have any other questions.

Post: ***HOW LATE IS TOO LATE TO BE COLD CALLING****

Keith ScottPosted
  • Wholesaler
  • Cleveland, OH
  • Posts 33
  • Votes 15

Hi Victor. I think legally 9:00pm is the cut off time. Since most sellers will be irritated that your cold calling them in the first place I would call no later than 7:00pm.

Post: Should I stick with multi-family unit or consider SFH

Keith ScottPosted
  • Wholesaler
  • Cleveland, OH
  • Posts 33
  • Votes 15

Hi Tavaris. I would say that it all depends on your financial situation. A multi family property could potentially allow you to cover the mortgage as well as other expenses. If you purchase a single family you will be responsible for paying everything out of pocket. I would suggest that you ramp up your marketing. Good Luck

Post: 70% ARV minus rehab costs

Keith ScottPosted
  • Wholesaler
  • Cleveland, OH
  • Posts 33
  • Votes 15

Hi Natalie. What do you mean when you say it doesn't work in the current market? There is not enough spread to make a profit? Are your looking to wholesale or rehab the properties your looking for?

Post: Wholesaler and an agent?

Keith ScottPosted
  • Wholesaler
  • Cleveland, OH
  • Posts 33
  • Votes 15

Hi Gilbert. Yes, you can do both. There are pros and cons with having a license vs not having one. But either way this business is about having integrity. Always be straight forward when doing deals with your buyers and sellers. also, if you do decide to get a license let your broker know what your plans and goals are. There are plenty of broker's who are investor's themselves who can guide you while learning the business. But as long as  you do business with integrity you will be fine  with or without a license.

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