All Forum Posts by: Mike F.

Justin, I'm curious about your experience at the courthouse. Was it educational? Where did you start? How did it go?

Originally posted by William S:

Early Feb will start bidding on secured, non-performing 1st mortgages,,, straight from the bank. .

Thanks again.

William S, if you're still out there (I realize it's 6 months later now), how this is going for you by now and what course is/was most helpful in learning this business? Thanks!
Mike

Thanks Taz, Mike, and Tim! At this point, it sounds from you and others like either part-time or FT contract IT work is my best bet at this point.

I'm still open to other ideas as well, of course.
Thanks,
Mike

Thanks Tim. That's really at the heart of my question. So let me ask you (all), and I realize this varies, depending on systems (marketing methods, call screening) etc: How many hours do you put in on average to close, say a $10k net wholesale deal?

I would really appreciate as many responses to this question as possible, and feel free to PM me if it's a bit too personal to post. Thanks All!

Thank you both for your feedback. I'm not planning to quit my job anytime soon, but am taking a hard look at my choices: go back to contracting or stay put and take on occasional wholesaling and/or birddogging. I'm sure the dedication comes easier after the first deal.

For clarity sake... in a few years of doing REI on the side, I would then plan to make a decision to either go full-time in REI (my preference at this point) or continue at my place of work and possibly lighten up on the wholesaling/birddogging, hoping that 1-2 promotions (and better budgeting!) would bridge my current gap.

Oh, and I've got a wife and 3 teenagers. Any advice on the feasibility of weaving all this together?

Hello, I'm at a financial crossroads where I either need to leave my "permanent" corporate Information Technology job and return to higher paying but less predictable IT contract work - OR - find a supplemental source of income such as birddogging or wholesaling. Am I dreaming to think I can take this on at around 8-10 hrs/week on top of my current (50 hrs/week) workload?

Thanks so much for any input!

8 months and not a dime caught my eye too. Paula, if you don't mind me asking, how many properties have you submitted and to how many buyers? Thanks.

Thanks Chris. Can you give a quick run down on what the steps are and the costs to adopting this category of marketing?

Thanks,
Mike

By the way, what does SEO stand for?

Thanks,
Mike Fajen