All Forum Posts by: Nathaniel Harris

Hello REI family, I want to start off by saying thank you for this platform and the great people on here with all the wealth of information. I'm in need of guidance of where to start off at with my own REI marathon. I'm basically starting off considering wholesaling because I'm on limited funds and trying to raise enough capital to fund my own deals. I don't know if I should do the marketing first or build a cash buyer's list first. Now I do know the REI business won't be easy but I'm ready for the journey. I've already got my mailers done! as far as ready to mail I just hadn't mailed them yet , because I have not created a buyer's list. I'm wondering should I just go ahead and mail them out first and worry about the buyer's list in the process or vices versa. I would appreciate any feedback or help on what road to travel first. Thanks

@Danielle Wolter thanks Danielle that's exactly what I'm going to do. Seeing that there's so much information out there and platforms like BiggerPockets exist I'm sure I can reach out for if and when it's needed. Thanks again Danielle.

@Ethan Grier thanks Ethan,this is basically how the deal works. You give them 10 zip codes near your area and they find the sellers in that area. Then they run the comps and tell you what you should offer. After that once you get the deal under contract the fund the deal 100%. Then they fund the rehab 100% and after the house is sold you have a 50/50 split.

@Gaspare Urso I was thinking that as well Gaspare. It truly sounds like a bird dogging situation to me. Know what they do is take 10 zip codes in your area and find the deals that way. Then they find the sellers in that area and run the comps and tell you what you should offer. After you possibly get the house under contract they fund the deal 100%. Then they fund the rehab 100% and you have a 50/50 split after that and that's basically it.

@Michael Goldsmith said so well Michael, that's exactly what I was thinking am I bird dogging for them. I really do trust and believe in my own abilities and platforms like BiggerPockets are there to help if needed. I am certain if I have any questions or problems concerning real estate i can reach out on the BP platform and get the necessary help. Thanks again Michael.

I need help with deciding is it worth spending $1500 a month for 6.5 months on a coaching/partnership deal. Know a little bit about my situation is that I'm just starting in the real estate industry and I'm on limited funds. I really was just going to do my mailers and maybe some cold calling to start with. I don't want to rush or force myself to spend that kind of money, but I'll explain a little bit about the coaching/partnership program. What this program does is they run the comps, tell you what you should offer, fund the deal 100%, fund the rehab 100%, no funds at all needed starting out, but the $1500 a month is steep. I truly understand that I have to invest in myself and I see the value in it, but i just dont want to put that kind of strain on myself and my family. I would appreciate any response if anyone can help me with this thanks.

@Amy Aziz will do

Thanks Amy I did my do diligence on them and found them to be in business for more than 20 years and helping other wholesalers, flippers, to get their business of the ground. I guess I'm stuck between marketing budget or use the funds for the program. I definitely will look into Land Academy also and again thanks for the info and response.

It's more like a coaching/mentorship program where his team of resources will be utilized through the process. He stated that they will fund the deals 100% with a 50/50 split is that something to consider. I'm just starting out with limited funds, and wanted to just spend the funds on marketing and building my business up first.