All Forum Posts by: Sam Giberti

Hey BP members,

I'm sure many of you have read The Millionaire Real Estate Investor and may remember these three terms as "The Dynamic Trio of Investing".

Not asking for any advice today but thought for those of you actively investing it could be beneficial to share these three points with the friendly BP Community. I am 18 and have not yet invested but if you have, share below...

-(Criteria) Type of Property, Location, Resale or Rental, Construction or Rehab

-(Terms) Required ROI, Down Payment, Purchase price, Interest Rate, Closing Costs

-(Networking) Types of people you work with to get your deal done, those who are worth the money and time

For anyone that wants to share, Thanks!

Disregard this, it would not let me delete the 2 bullet points or type anything in the text box so I got slightly angry and typed a random title, BP needs a delete post option...

Hey all...

So I hear Brandon and David always saying in their podcasts that you need to practice analyzing deals...

I want to start to do this a practice a little bit before I dump money into wholesale marketing and was wondering if anyone may have had past off-market deals (50-100) with potentially 2 or 3 they closed on  out of all of them they analyzed and was willing to share them with me, so I could analyze them on my own. Preferably duplexes to start, but any style of house with just many of them to sort through would be ideal

Or if anyone has any other ways I could practice this before I start, please let me know.

Always appreciate the BP community advice, thanks again,

-Sam

Hello all, I will soon be in this predicament and would like to know what the BP Community thinks...

Do you think that if I have $6,000 for marketing to wholesale I should...

A. Market consistently for 12 months with only $500 in marketing per month over that time (good for consistency)

B. Market heavier with $1000/month for 6 months and hope I land a deal to be able to continue marketing (kind of a happy-medium) C. Market even heavier with $2000/month for 3 months and hope I land a deal to be able to continue my marketing (difficult for consistency)

I will be doing direct mail, postcards ($.33)

Thanks all,

Sam 

Hello all, I will soon be in this predicament and would like to know what the BP Community thinks...

Do you think that if I have $6,000 for marketing to wholesale I should...

A. Market consistently for 12 months with only $500 in marketing per month over that time (good for consistency)   B. Market heavier with $1000/month for 6 months and hope I land a deal to be able to continue marketing (kind of a happy-medium) C. Market even heavier with $2000/month for 3 months and hope I land a deal to be able to continue my marketing (difficult for consistency) I will be doing direct mail, postcards ($.33)

Thanks all, 

Sam 

Seeking Minor Advice Legal from Experienced Wholesalers!!

Hey Guys, first time posting in this specific forum. So in late August I'm moving to Tampa Bay to attend the University of Tampa as a freshman. While doing so, myself and possibly one of my roommates will be staring up a wholesaling business. I have been studying a great deal into Rental Property Investing, and Wholesaling and have been told the best way to learn is to do. And I mean if there is ever a time to fail and go broke, its when you're 18 and have under five grand to your name.

So a couple questions:

Do you guys think it is a good idea to potentially partner up with someone, starting a business for the first time to have someone to learn the process together? If anyone wants to share the Pros v. Cons they've experienced in the past, please do!!

Another question more specific to wholesaling. I've watched a lot of YouTube & listened to a lot of Bigger Pockets Podcasts, and for anyone that has wholesaled before... Is it essential to speak to an attorney about forming a Purchase & Sale Agreement or is it entirely possible to form one yourself from online resources. Note, we are on a budget of about $6000, ($1000/month) for the first six months and have set a goal to close our first deal within that time period. An attorney can get fairly pricey, so is it worth it to spend the $300 for a very well done contract or are there alternatives? Any recommendations from former experience would help a ton!! Thanks Guys :)

To All Experienced Wholesalers!!!

I'm reposting this as I did not get a response the first time, and really want to know. So in late August I'm moving to Tampa Bay to attend the University of Tampa as a freshman. While doing so, myself and possibly one of my roommates will be staring up a wholesaling business. I have been studying a great deal into Rental Property Investing, and Wholesaling and have been told the best way to learn is to do. And I mean if there is ever a time to fail and go broke, its when you're 18 and have under five grand to your name.

So a couple questions:

Do you guys think it is a good idea to potentially partner up with someone, starting a business for the first time to have someone to learn the process together? If anyone wants to share the Pros v. Cons they've experienced in the past, please do!!

Another question more specific to wholesaling. I've watched a lot of YouTube & listened to a lot of Bigger Pockets Podcasts, and for anyone that has wholesaled before... Is it essential to speak to an attorney about forming a Purchase & Sale Agreement or is it entirely possible to form one yourself from online resources. Note, we are on a budget of about $6000, ($1000/month) for the first six months and have set a goal to close our first deal within that time period. An attorney can get fairly pricey, so is it worth it to spend the $300 for a very well done contract or are there alternatives? Any recommendations from former experience would help a ton!! Thanks Guys :)

ADVICE WANTED!

I figure I am targeting the busiest people around all in one post considering many of you have a full time job, do real estate on the side, have children, etc. bringing chaos into your lives so hear me out and please shoot your advice my way. 

• I am 18 and attending University of Tampa this fall and will be taking relatively hard classes, as that's what college is...

• Want to play Club Hockey for the school (One day of practice in the evenings at some point during the week, and 2 games on weekends, note I would travel to neighboring states about every other weekend)

• Definitely enjoy going out to parties, clubs, bars, etc. and plan on doing so during the weekends at night. 

• However, I now also really desire to start a wholesaling business and at least give it a consistent shot for 12 months (plan on staying there in the summer). I have listened to BP for approx. 6 months now and am a relatively new member to the site. I watch legitimate youtubers who are willing to share what they know with the public, and have taken hundreds of pages of notes about rental property investing and more recently wholesaling. I don't want to get what some people refer to as "Analysis Paralysis" and truly believe I have the information to start and run a successful business. 

My grandparents are helping me pay my tuition as well as doing very well in highschool, so they way I see it is that I have 'free' rent and food, and my only real "personal expenses" will be beer. Lol. I have enough for about $700 to spend on marketing each month for 12 months straight, including my "personal expenses" and business start up costs (minimal). So with that said, and personal expenses low... 

Do you guys think I can manage to balance the 3 important things in my life, and on top of that, have the time to own and manage a successful wholesaling business?

I feel you, I just graduated High School last week and let me tell you, I did not learn s*** from those classes. I spent more of my time taking 20 minute bathroom breaks during english class to go talk to my architecture teacher who has been investing in RE for 30+ years. It is what you make out of it. Drop that 90 down to an 80 for the sacrifice of not doing so much BS, truly useless, homework, and just spend time studying real estate, and reading RE/Business books in class. Even if your teachers start to get PO'd at you, it is definitely worth it to do what you want and still get a Diploma. Which is pretty much the bare minimum to fall back on, but is good to have... Value your time, even if your teachers and the education system as a whole doesn't.