All Forum Posts by: Pascal Lucien
Pascal Lucien has started 2 posts and replied 5 times.
Originally posted by @Michael Justice:
@Pascal Lucien , I'm also new to virtual wholesaling but what I've read and told is the best way to do remote wholesaling is to connect with another wholesaler in the market areas you want to find deals, Do a virtual partner on each deal one guy from Houston said he connected on FB REI group in Chicago and gives his vp a 65/35% net profit split the vp getting 35% for getting things done before the sale in that market !
Thanks Michael Justice for the reply, but if your VP is getting things done before the sale then what exactly are you doing ? Are you just finding the deals and putting them under contract ?
I looked up opendoor you were correct, they are doing what I am talking about.
The reason I don’t want to wholesale in my own market is because I live in nyc and if you know anything about nyc and real estate investing it is one of the most competitive and over crowded markets to my knowledge and also because of this the people are not very trusting of any wholesalers from just past experiences in ny. As you talked about earlier , is that really a big issue to continue to jump from market to market if it is bringing you money because there will always be a new market.
Post: Money in wholesaling real estate
- Posts 6
- Votes 1
I wanted a honest answer on whether or not wholesaling real estate is a lucrative business to enter, I want to know before I spend a large amount of time and effort learning this investment technique.
Originally posted by @Dylan Barnard:
I believe you're talking about companies like OpenDoor? And what exactly would you like to know?
I never heard of opendoor is this a virtual wholesaling website? Im looking into begin virtual wholesaling so I was just looking to get some additional details on how a virtual wholesaling transaction works from the beginning to end , if possible.
Can someone give me a brief description on how to virtual wholesale in 2019 ?? Thanks