All Forum Posts by: Mateo Duba

Hello BP fam!

Me and my partner have started our journey in Real Estate by starting off in the wholesaling space.

We went driving for dollars yesterday and jotted down many distressed properties, however, there is a strategy of finding cash buyers and finding out where these people invest. The “HOT” zip codes.

My partner and I have contacted our county courthouse to try to obtain cash buyer lists and all of them have told us we can’t.

I refuse to believe that.

So then I called a family member who is a realtor to see if he can filter houses sold in last 6 months by finance type: cash buyers, but the MLS is not letting him filter.

Experienced wholesalers, please help us figure out where to find this information. It’ll help jumpstart our hustle IMMENSELY.

Thank you!

@Ben Thomasian

I was actually looking into wholesaling. But I still don’t know the distinction of wholesaling and just being a realtor?

@J Cicero

Thank you for your honesty! I’m ready to work and devote myself to this career. I am in it for the long run and will definitely work on expanding my network through these meet up groups you mentioned

Hello BiggerPockets community!

My name is Mateo Duba. I just graduated from Miami Beach Senior High School and Real Estate Investing has sparked my interest/passion for learning.

It’s fascinating to me how the long term wealth and returns this industry provides supersedes literally almost any profession. It’s not just about the money though. When I think of Real Estate Investing I see it as a game of monopoly lol.

Anyways, enough of my long introduction, I wanted to ask anybody with experience, any accredited investors, hard money lenders, private money lenders, how in the world am I going to invest in any properties if I don’t have any money in my pocket?

I just spent the rest of my graduation money getting the BiggerPockets PRO membership and as well as 4 Real Estate Investment books from David Greene, Grant Cardone, Ken McElroy, and Traction by Gino Wickman. They say knowledge comes first then take action.

Anyways I want my first investment to be small. Something around the Median Price of $85k-$125k. But with only around $50 in my checking account and no income due to this pandemic, how in the world would I qualify for a loan for 0% down?

Would I take 2 loans to finance the property? Would that leave room for cash flow? Would it be smart to invest in state or out of state or does it not matter?How can I structure this?

Please help. Just need a little sense of direction so I can get the ball rolling. Thank you for reading this and for taking your time to help.