All Forum Posts by: Raechelle Carroll

when it comes to list you really have to know who your buyers are and what they're looking for or how much money you'd like to make on the wholesale.

I look at auction sites and find recent sales. You can then find the investors name by looking at land records. 

I definitely agree that your website should be professional AND unique. There are so many "we buy homes" types of websites out there that you have to make yours stand out.

Wow, this discussion has completely morphed from its original intent. I'm not even going to comment on all the controversy stirred up here.

I do agree with the OP about the formula. Many investors will ask you to provide comps, pix, repair estimates, mothers's maiden name, original settlers of the town and on and on lol.

You start feeling like you are providing a prospectus for an IPO of a fortune 500. After you provide these miscellaneous items they say "yea I'm not really investing in that area" or "that ARV is way too high." Why did you have me go through all this if you're going to have to do due diligence anyway? Seriously?

This is an interesting strategy. Seems like a great way to increase your network without having to work so much harder.

Most of the successful investors that I know are investing using a self-directed IRA or a secured line of credit.

Glad I could help. Unfortunately I have an android and budget pockets clearly doesn't care about us lil ole Android users so there's no app for us :(  Oh well...maybe one day.

you should think about what's comfortable for you and then structure the deal based on that. If you know you won't be able to pay until the deal sells then structure your agreement that way. If you'd rather make monthly interest payment abd just pay the principle at the end then structure your deal that way. There's more than 1 way to skin a cat.

I've been wanting to get a beach house but l l'd never thought of this strategy. It's better than having a condo especially if you know where you want to vacation every year.

I think there are some liabilities to having your license but there are also benefits. In my case I decided not to get a license because I didn't want to invest 2k (licensing fees, realtor association fees, broker fees etc.) Before getting started in the business. I actually work with several realtors (about 12) to get things done. If one is busy I just get another one. You could try using realtor.com and sending messages to several realtors in your area then work with whatever one is most responsive. 

Also the commission bonus is a great idea too. Totally worth it not to lose a great deal.