All Forum Posts by: Shane H.

 Contract wholesaling 101 leave yourself outs. Enough said. 

When I wanted to start contract wholesaling my attorney informed me it was not  solidly within the law in my pennsylvania. I abandoned that ship. I believe Florida has a stricter law in that regard. The difference between brokering and selling your own property is highlighted in this situation. If you actually had an ownership stake to sell, you would have landlord rights with the tenant. The fact that you don't tends to show that you are not an owner. Actual wholesaling on the other hand would mean you bought it and are her new landlord, then you would sell it to the next buyer. This typically requires to sets of taxes paid. Two separate transactions. 

Why does everyone here think you need a degree to make 100k? It's not that difficult to do without a degree and the debt that generally goes with it... Skills are far more important than degrees. A degree is just one place to possibly gain marketable skills. But if you can live at home with no bills while you learn the skill of making money without a job, you're fortunate.

 I don't think there is causation. That's my point... You'll notice I never said the right college degree couldn't help. I pointed to a statistic that some believe is an argument for going to college. I pointed out that one may not want to rely on such a statistic as it may be flawed as I believe it is. Did you ever see how they came to the conclusion pot was the gateway drug? You could have inserted food, water, air, and shown an even more dramatic result. 100 percent of hard drug addicts started by eating! That's not how you find causation. You start with the people eating, or in the case of the gateway drug you start with pot smokers, in this case you start with college graduates. While 70 percent of successful business owners (made up number) may be college grads, 75 percent of college grads are not working in their field, and I didn't look it up but I would bet all I have that 70 percent of college grads are not successful business owners. That's the direction you study the effects of something. Starting with the end point is working completely backwards...

 You're making my argument for me that saying it's the individual. The 1 in 4 that are working in their field made sound decisions leading to that. The successful business owners made sound decisions to make their businesses and themselves successful. Was one of those decisions to go to college? In some cases I'm sure. But in others it was just the thing to do at the time. 

 Free. I.e. paid for by someone else. Just for clarity. Lol

You're going to have to be more specific than why...

 As for backing it up, 3 of 4 college grads aren't working in their fields.

 I'm saying that I don't believe the degree has anything to do with the reason they're sucessful. Correlation isn't the same as causation. They started with successful business owners and went back and looked for a link. If you start with college grads and go forward you will not find that college degrees made them into successful business owners.

also I think the realtor suggestion is a solid idea. Find a realtor mentor who works with investors and you will meet investor mentors that way. Statistics do show that most successful business owners have a bachelor's degree, but I believe it to be a flawed statistic. All of the go getters were told they needed a degree, so they went and got one...