All Forum Posts by: Account Closed

@Caleb McFarland Did you ever get licensed?

To piggyback on @Chris Soignier, would you like us to help hold you accountable to the things that you've said you would do?

The only one I'd like to add is @Justin Williams House Flipping HQ podcast.  Great info if you're flipping.

Maybe it's just me...I've followed quite a few threads on wholesaling (this one included).

I don't see anything wrong with wholesaling, but knowing what I know now (after only a short year of experience), I would NEVER start out with wholesaling real estate (without having been in the game first).

If I had experience, maybe.  But, without experience, you're asking to fail.

The OP scenario is one example.  Now that I've flipped a couple houses, own a buy and hold and have quite a bit of money under me, I would feel comfortable wholesaling.  Why?  In case I needed to follow through on a contract where I couldn't find a buyer (and I needed to do it quickly).  I'd just buy it in cash and either flip it myself, keep it as a buy-and-hold, or continue to market for a buyer.  Most wholesalers, however, starting out, have none of these options.  Their ONLY option, if a buyer isn't located, is to walk away from the deal.

...

I learn every day.  I'm trying to hone my real estate craft, so, at some point, there will come a day when it becomes easy.  That day will come.  But, it's a couple or a few years out, methinks.  There is sooooo much to know.  If there are 60,000 pieces of information, most wholesalers I know have 218 of them, if that.

Wholesalers, I'm not knocking you.  You provide a good and valuable service to someone like me.  However, I would tell you to keep learning.  If you're not direct marketing, you're not doing it right.  If you're not putting money into the business, you're not doing it right. 

Tread cautiously if you feel like you're ready after attending a REIA meeting and reading the wholesale guide on BP. You're not ready. Read. Learn. Keep learning. Keep honing. Direct market. Drive for dollars. Send letters and postcards. Pick up the phone and call people. Keep learning.

And, keep rockin',

As is Indiana.  We have broker (what used to be "real estate agent) and managing broker.

It's different in every state.

Been discussed many, many times here on BP.  Here's a few links.  First one, the guy that runs it responds in the end.  I would suggest you read through all you can.  (Just do a search for funding for flipping.  Not all of them apply, but most do).

https://www.biggerpockets.com/forums/22/topics/276...

https://www.biggerpockets.com/forums/92/topics/144...

https://www.biggerpockets.com/forums/92/topics/259... - responds in this one as well.

Run through the numbers with us.  We can't really give any advice without them.

LOL.

That's not how it works.  

There's no "hoping" to learn.  You either choose to learn or you choose not to learn.  Then, once you learn a little bit, it's a choice to continue whether or not to learn.

I saw some of your other posts.  This is not going to be handed to you.  Ever.  You either want it, or you don't. 

If you don't want to read, learn and educate yourself, you should probably stop now.  This is a career.  You wouldn't work on a car without learning to work on a car, which includes either on-the-job training, vocational schooling, or being self-taught, working on the cars yourself.

Same with real estate.  Nobody is going to step out of the shadows and hand you success.  YOU need to move toward what you want.

So, what do you want?

@James Stevens it has been two months.  We're ready for you again.

@Sharon Vornholt is well-versed in these.  If she doesn't respond directly here, you may be able to glean some nuggets from her blog.

http://louisvillegalsrealestateblog.com/tag/probate-investing/