All Forum Posts by: Pratik P.

@Jay Hinrichs Ok got it, I'll have to give this a try!

Is there a way we can verify the competing offer?

@Nathan Smith Take this as positive criticism.  You need to have at least ONE exit strategy in place before you go putting things under contract. Your post makes me wonder if you even know how to run the numbers. 

If you want to "wholesale" I assume that means you want to pass the deal on to another investor for a profit. So first, you need to find what other investors are looking for and what is a "deal" to them. 

@Caleb Heimsoth I was unlicensed 2 months ago and now I'm licensed. Nothing has changed in the way we wholesale. I think it has more to do with newbies trying to make "something" happen with little knowledge on how things actual work. 

Clearly, this isn't a legit wholesaler or investor of any kind. Sounds like a newbie who has no idea what they're doing with an invalid contract. 

@Daniel Y. We bought it under my S-Corp. Open Door didn't have any problem with that. 

 Cool story! 

 Maybe I am. But I'm not the one asking vague questions that can be answer in a thousand ways. 

 At 13, you should be focusing on school and not money. 

I like to think that there are 2 general paths:

1. Slow lane: Get the highest paying job possible, live below your means, save, invest your savings into stocks, real estate, bonds, etc. Eventually you'll have a net worth of 1M. Probably in your late 30s or 40s. 

2. Fast lane: Start a business and work your a$$ off for 5-10 years. If your business is successful, you'll probably be much higher than 1M by your mid 30s. 

This is if you start in your early to mid 20s.