All Forum Posts by: Marvin Dean

@Tia Anderson  

Welcome. I myself am very new to BP and investing, so nothing to give you just now from that world, but I can still say Hi and wish you nothing but the best. This is an awesome site and so far it has been a pleasure. There is so much to learn and it is the first time that I've been on a resource like this where the help is so freely given!

Great to see you and your fiance looking to take control of your life and doing it at an early age. This site is definitely the place to be to learn. Just read, read, read and listen, listen, listen! Keep your heads up!

Good luck in all your endeavors!

-Marvin

It took me a day and a half but finally done reading every post on this marathon of a thread (Sleep, what's that). I'm new to BP of a few days now and very new to real estate investing. I also have chosen to use "wholesaling" as my means to an entry into investing and for some of the same reasons as was mentioned. When I first began reading this thread, I was also saying to myself that man I may have taken the wrong turn here and will never get off of home-plate with such a bad and dirty name (wholesaler) attached to me. It did start of as seeming to be a continued bash on the name and someone saying why wholesalers are the worst! But as I read on, I did understand what you @Will Barnard  were trying to and DID accomplish with this thread. I will be back to this as a reference again I'm sure! A big thumbs UP!

As a result of the thread, some really good points were made by many folks @Henry M.  to name just a few. Please everyone else I didn't leave you out because the input was not good. I just can't remember them all but honorable mention to each and everyone because you made the thread what it is!

So from 2010 when this thread began to 2014 I would imagine that the thinking is still the same. Which is like anything that we do in life worthwhile, wholesaling can be tough, doing it right makes it a bit easier.

-Know your markets

-Know your buyers (their wants)

-Know the basics of this business as a whole. Some strategies show themselves the more you know and can recognize situations

-Know how to valuate what you think are your deals (not just CMA's, but CMA's that draws from relevant data - ACTIVE, SOLD, EXPIRED, CANCELED, PENDING, etc.)

-Know your buyers (their wants)

-Know how to determine ARV

-Know how to estimate repairs (not so much for the buyer as they will do their own due diligence) so that you can at least be in or around the right ballpark

-Singles, Doubles and I would say Triples (if you have good wheels) are where you are at. But if you get a pitch in your wheel house, then you have a green light to aim for the fences!

-Know your buyers (their wants)

I may have missed some. I wanted to do this list all from memory to be sure I got the grasp of what it means to be a good wholesaler. Oh here's one that I might have forgotten. Know who your buyers are!

Thanks again all for this thread. As a newbie I can tell you that it was most eye opening and regardless of what was once thought about it.. ENCOURAGING!

Best to you all. The ones that are actually making it happen, continued success. To us that are just trying to get there. Remember, the Pros were once in the Minor leagues too! They got called up and so can we. We may strike out every now and again, we may even set the league record for it. But all we need to do is to keep swinging. Bunt if we have too. The key to the game is to get on base, move that runner around into scoring position, then come on home. AND, if we get up to the plate enough times, we will eventually see a pitch we like and can handle. Guess what that is!

OK, sorry got carried away with the baseball stuff but just wanted to end it fun and keeping with the thread!

-Marvin Dean

Hi @Timothy Cooprider 

Welcome. I myself am very new to BP and getting involved in the investing world. I'm a real estate agent living in Miramar. This is an awesome site and so far it has been a pleasure. There is some much to learn and it is the first time that I've been on a resource like this where the help is so freely given!

The Ultimate Beginner's Guide to Real Estate Investing is also a great resource and recommended reading if you haven't already.

Good luck in all your endeavors!

-Marvin

Hey @Eugene Taylor  Welcome. I myself am very new to BP and investing so nothing to give you just now there. But I can still say Hi and wish you nothing but the best. This is an awesome site and so far it has been a pleasure. There is so much to learn and it is the first time that I've been on a resource like this where the help is so freely given!

Good luck in all your endeavors!

-Marvin

BTW - I did a search for IRA on BP and there is quite a bit on info on it. There may be something there that can answer or point you in the direction you need. Hope that helps!

@James Townsley 

Yes as @Hattie Dizmond said. Find the tax appraiser's office website for Miami. This is Broward's for example (www.bcpa.net). When searching properties, any where the mailing address is different from the property address is what you're after.

Hey @Yoao Oaxaca Welcome. Great goals and great heart. I believe in giving back myself! Just too hurtful to see so many that are void of some of the necessities of life! Anyway, I'm too new myself to be giving you investing advice but not too new that I can't at least say "Hi".

BP is a great site and so far some helpful folks willing to help. It's trully been the first resource like this that I have found where the help and advice is so freely given! A lot to learn, but this place is the best to learn it from!

Here is a link to The Ultimate Beginner's Guide to Real Estate Investing if you haven't already gotten it to get you started.

Best of luck to you in all your endeavors!

-Marvin

Hey @Bill Mixson  Welcome. Too new to BP myself to throw in investing advice but I can still say Hi and wish you nothing but the best. This is an awesome site and so far it has been a pleasure. There is some much to learn and it is the first time that I've been on a resource like this where the help is so freely given!

The Ultimate Beginner's Guide to Real Estate Investing is also a great resource and recommended reading if you haven't already.

Good luck in all your endeavors!

-Marvin

@James Townsley 

Here is a podcast that I was recommended to listen to with someone who is wholesaling. It was a good inspirational listen and great tips!

Hi @Sharene Long  Welcome. I myself am very new to BP and investing so nothing to give you just now there. But I can still say Hi and wish you nothing but the best. This is an awesome site and so far it has been a pleasure. There is some much to learn and it is the first time that I've been on a resource like this where the help is so freely given!

Good luck in all your endeavors!

-Marvin

Hey @James Townsley  Welcome. I myself am very new to BP and investing so nothing to give you just now there. But I can still say Hi and wish you nothing but the best. This is an awesome site and so far it has been a pleasure. There is some much to learn and it is the first time that I've been on a resource like this where the help is so freely given!

My focus will be on wholesaling as well so maybe our paths will cross once we get going.

Here is a podcast that I was recommended to listen to with someone who is wholesaling. It was a good inspirational listen.

The Ultimate Beginner's Guide to Real Estate Investing is also a great resource and recommended reading if you haven't already.

Good luck in all your endeavors!

-Marvin