All Forum Posts by: Marlon Thomas
Marlon Thomas has started 15 posts and replied 37 times.
Post: How can I become a real estate developer
- Williamsburg, VA
- Posts 37
- Votes 12
Originally posted by @Devon Garbus:
@Marlon Thomas if you are willing to do it in Tampa let me know and I can help you
1-Analyze properties
2-Find off market deals
3-Interview GCs/Subcontractors
For the most part what you really want to do is find a small/mid size GC who doesn't have liquid capital and be their 'money.' Start on a small project and work up to larger ones.
So basically what you're saying is that my second option could work?
Post: How to find motivated sellers ??
- Williamsburg, VA
- Posts 37
- Votes 12
Hello BP members,
I am 19 years old, and I've been contemplating on wholesaling.
I've done my reasearch on how to become a wholesaler but, I have a few questions for you all and hopefully you can give me some helpful insight.
I think I have a reasonable method on how to attract buyers.
1. Post ads on Craigslist
2. Post ads on the biggerpockets marketplace
3. Call/advertise to hardmoney lenders
4. Advertise my at local REI club
5. Advertise to companies like "We Buy Ugly Houses"
6. Bandit signs
As far as finding motivated sellers, thats where im still kinda stumped.
1. Direct mail campagain (which i think would be the most affective)
2. Bandit signs
Another thing is,
what do i say to a motivated seller once I find one?
How do i figure out how much it'll cost to renovate the property for the potential investor?
Post: A good way to start out as a redisential developer?
- Williamsburg, VA
- Posts 37
- Votes 12
Originally posted by @Rogers Smith:
@Marlon Thomas are you talking about becoming a residential developer or a builder? That is, do you want to develop lots out of raw land (developer), or build houses on lots (builder/contractor)?
Develop lots out of raw land
Post: A good way to start out as a redisential developer?
- Williamsburg, VA
- Posts 37
- Votes 12
Originally posted by @J Scott:
It doesn't hurt. It will teach you the industry, the buying/selling process, how to deal with contractors, scheduling, budgeting, etc. Though there's still a big jump from rehabbing to development.
So its "doblabe" but a big step bacscially
Post: How can I become a real estate developer
- Williamsburg, VA
- Posts 37
- Votes 12
Originally posted by @Tamiel Kenney:
@Marlon Thomas I would say you should get to know a developer. I am happy to make an introduction to one I know if you would like.
Yes, that would be great if you could do that.
Post: A good way to start out as a redisential developer?
- Williamsburg, VA
- Posts 37
- Votes 12
I was just wondering if buying properties and rehabbing them would be a good way to transition into becoming a residential developer eventually?
Post: How can I become a real estate developer
- Williamsburg, VA
- Posts 37
- Votes 12
hello BP users,
I have been fascinated by real estate development for years now since i was a little kid, and i have decided that this is the career path i want to take.
So what is the best way to become a developer?
1. Get education, work for a developer
2. Still get education while rehabbing properties , then find a small residential development deal (3 subdived lots for single family homes) and build my portfolio from that point on, while having a mentor starting out