All Forum Posts by: Richard C.

 Exactly.  That's what annoys me about wholesalers claiming that the are trying to "help" people with their "problems."  (Apparently carrying around all of that yucky "equity" stuff is now a problem.  Must be heavy, or something.)

 I had a couple in my area come to me and offer to sell me their property (can't really say house, it was a mobile on its own lot.)  They needed the money, had lots of medical bills and the husband was in the process of getting disability for a back injury.  I could have "wholesaled" it.  Would have made a nice little chunk of money.  Not a lot, it was a 20-year-old mobile home.  But on a decent lot with a well and septic in place.

I didn't.  I referred them to a Realtor.  I told them they could sell it for more than I would be able to pay.  I think it was on the market for maybe 25-30 days.

Did I benefit?  Sure, I have a Realtor friend who owes me one.  But importantly, for me, this couple got the full benefit of a property they worked hard for, got more of their bills paid, and I doubt very much is running around telling their friends and relatives that I am a dirtbag no one should do business with.

On a personal level, I have never been one to care much what people think of me.  But this real estate stuff is a business, and in business, reputation matters.

Almost.  But I won't buy from one.  In part for ethical reasons and in part for practical reasons.  I work in a very small area.  I live here.  I don't want a reputation for being part of taking advantage of desperate people.

This is a fantastic idea.  In fact, I would extend it a bit, to cover other aspects of real estate law.  It drives me nuts when some poster in Texas or Tennessee gives advice to a landlord in California or Massachusetts that will result in that landlord having a very, very rough year.

 I have a small piece of a 12-lot subdivision in Bedford, NH.  There was a builder who made on offer, with a funder from Portland, OR.  Was that you?

Agree with the other posters.  Put on your big-girl pants and do the job.  You're already doing an intellectually-demanding job in a male-dominated environment.  You can do this.

 Please don't do this.  It is not just possible, but likely, that you will blow through your $2000 and have nothing, not a single deal, maybe not even a single decent lead, to show for it.

If you have a lot of time and $2000, you are something like the ideal candidate to get a real estate agents license and start working for a broker.  You can do that for well under $2000.  And when working as an agent, if you put in the time, you WILL make sales.

Make your first money that way, and then get into other aspects of real estate investing.

I was going to disagree with the OP, and say that we should still have wholesalers posting because maybe then some can be saved.

But then I read Karl's ridiculous, insulting post, and think maybe they should be banned.

Believe it or not, Karl, I don't refrain from robbing banks because I am either ignorant of how to go about it, or afraid.  

What absurd self-aggrandizement. Many of us have done things in our lives that require actual courage.  It's not a word I would apply to screwing widows out of their homes.

I give you full respect for your role as a Realtor.  Other roles, not so much.

Or tell him that you will accept his offer and take it off the MLS. But only for a cash offer with NO contingencies. No inspection contingency, no financing contingency, no partner approval contingency, NOTHING. And a non-refundable deposit of 2% of the purchase price.

In all likelihood, that will get rid of the bottom-feeder.

You're paying someone to tell you to break the law.  Think about that, and then find a better way to spend the money you are giving your "mentor."

Which provides the deepest, most fully-formed examination of philosophy, "Everything I Needed to Know I Learned in Kindergarten" or "Chicken Soup for the -whatever- Soul"?

A pox on Ramsay and Kiyosaki both.  Read a real book.