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All Forum Posts by: Lucas Machado

Lucas Machado has started 49 posts and replied 745 times.

Post: New member from South Florida

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Alex Grullon! I also recommend networking at your local REIAs and investor meetups. Lots of great people in the industry here in South Florida who aren't on BP. Good luck in your journey, and I hope to see you around!

Post: South Florida - Wholesale overload?

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

@Marcio Sanchez there are a TON of wholesalers in the area, and the numbers keep increasing every day. Just go to one of the REIA meetings and you'll see that the vast majority of people there are either vendors or wholesalers. Every month there's a bunch of new wholesalers at the meetings, and there's a ton of mentors/programs pushing wholesaling.

Post: Miami/Broward/Collier Beginner

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Joshua Numa! Good luck in your journey, and let us know how we can help!

Post: Looking to Grow

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

@Steve Stein I'm open to lending throughout the state of Florida...For my own purchases and wholesale deals I'm currently sticking to the South Florida area (Miami-Dade, Broward, and Palm Beach counties).

Post: I live in Syracuse NY, invest in Florida real estate

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Igor Bloshkin!

Post: Looking to Grow

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Steve Stein!

Post: How to Start Wholesaling

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

@Sabrina Hill Wholesaling is in essence connecting a seller and a cash buyer, with the wholesaler obtaining some payment from the cash buyer for effectuating the transaction. Thinking about it in those terms, it boils down to finding sellers and you need to find buyers. Finding sellers might include direct-mail marketing, pay-per-click, SEO, Craig's List, MLS, neighborhood signs, cold calling, door knocking, networking, the list goes on. Finding buyers can be no cost if you network at your local REI and here on BP. You can also do some direct-mail, signs, etc. to find buyers.

Once you have a seller, at this point wholesaling in my estimation becomes very complex and as you suggested, having a mentor handhold the first couple deals could be extremely beneficial.

It's a bit beyond the scope of this post to talk about every topic for wholesaling, but I'm sure if you search BP for direct-mail, etc., and finding cash buyers, etc., there will be plentiful information on those topics!

Post: Newbie in REI - Miami

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Amilcar Pinol!

Post: Finding Buyers in the Miami Area

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Oscar Castaneda!

Post: Part time Investor

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Paul George and nice work! Great to see it rubbed off on your children!