All Forum Posts by: Morgan C.
Morgan C. has started 3 posts and replied 6 times.
Post: Built Villa Invest Prop (Old)
- Wholesaler
- Myrtle Beach, SC
- Posts 7
- Votes 6
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Little River.
Purchase price: $100,000
Cash invested: $17,555
Built Invest Prop For Passive Income
Post: Motivated Wholesalers? (Hustlers Only)
- Wholesaler
- Myrtle Beach, SC
- Posts 7
- Votes 6
Originally posted by @Goziem Ononye:
@Morgan Carpenter Those are great qualities to have in life
💯
Post: New to wholesale real estate in what direction should I start??
- Wholesaler
- Myrtle Beach, SC
- Posts 7
- Votes 6
@Paul Moorer This thread is hilarious. I am on the side of wholesalers. If you jump into this business you are going to come across brokers, agents who hate the idea of wholesaling. Its sad that common people have found a loophole in real estate that they can achieve with very little money that actually works. The only concern that comes up in conversations with agents, brokers is that they cry about people not having a licence. If this is the main issue in wholesaling, then Paul... you might be onto something my friend. At the end of the day you sell a contract no the home. Several past years Real Estate Agents were looked at as crooks and thieves and now they are trying throw that same image onto wholesalers. Ask yourself have you heard and/or seen anyone in the US get arrested for wholesaling... NO! If done correctly this could be a gateway for your success in real estate. There is a gentleman on this thread that stated that this takes hard work and dedication! Look Up Mark Whitten. He has had several people become successful if you wholesale the right way. Oh and dont worry Im not going to turn you into the authorities for chasing your dreams in real estate.
Post: Motivated Wholesalers? (Hustlers Only)
- Wholesaler
- Myrtle Beach, SC
- Posts 7
- Votes 6
Originally posted by @Samuel Silver:
I'm just starting out and haven't found any deals yet (am looking) but am learning everyday especially when I take action. In my short time as a wholesaler I find that networking is king. Before I started wholesaling I spent my last three years networking for a small business and to build a small business for myself.
Networking, if done right produces a snowball effect where new leads generate even more leads and it goes on exponentially. Just Be sure though to bring something to the table as well. It is just as (if not more) important to show what you can bring to a professional relationship.
In only a week of networking I have met two contacts that are potentials for the cash buyers list (or partner if I decide to keep a deal), one who introduced me to a hard money lender which opened the door to many potential cash buyers looking for a deal.
This weekend I plan on networking is open houses in my target area, while I don't plan on wholesaling an open house on the MLS, they are a great place to meet real estate agents who have access to the MLS and can give you comps (a strategy I got from Brandon Turner's 'Investing in RE w/ Low and no Money Down' which is a great read). Plus, I can drive for dollars on the way. I hope this helps and I wish you the best of luck. Let me know if you want to connect and share ideas.
Thank you Samuel for the reply and the info you've shared. I am eager to know what you have planned in the future and would like to connect with you. I drive for dollars my self and I soon want to land my first deal in wholesaling! I've given you a follow on here aswell. (:
Post: Motivated Wholesalers? (Hustlers Only)
- Wholesaler
- Myrtle Beach, SC
- Posts 7
- Votes 6
I want to connect with anyone who has information on wholesaling. If you have ideas,concerns,tips and or tricks on wholesaling please feel free to discuss with us. I am looking to network with individuals with the following characteristics:
- Motivated
- Hungry
- Eagerness
- Faithful
Lets Chat Below!
- Pyrex Villas
Post: Beach Side Rental Property
- Wholesaler
- Myrtle Beach, SC
- Posts 7
- Votes 6
Investment Info:
Single-family residence buy & hold investment in Myrtle Beach.
Purchase price: $73,000
Passive Income On Rental.
Base Single Family Home w/ Tenant
What made you interested in investing in this type of deal?
Passive Income
How did you find this deal and how did you negotiate it?
Agent
How did you finance this deal?
FHA
How did you add value to the deal?
General Repairs
What was the outcome?
Rental Income