Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Stephen Morales

Stephen Morales has started 12 posts and replied 344 times.

Post: New to Wholesaling - Creative/efficient ways to find the right types of buyers?

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Lynnette Petersen:

Hello Stephen,

Thank you for the heads up. I explored your suggestions and looked up some local REI & independent Investor meetups that may be a good start for leads in my market area. I also found a couple FB REI groups I joined that may also show some potential and I will check out your skip tracing software as well. I really appreciate your honesty on what I should be looking out for, to stay safe and how to prevent my potential deals from becoming "piggy backed/daisy chained" on by other wholesalers, agents, and or scammers.

Best Regards,

- Lynnette 


 Glad I could help Lynette! I wish you nothing but success. Feel free to reach out whenever you need help.

Post: New to Wholesaling - Creative/efficient ways to find the right types of buyers?

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Lynnette Petersen:

Hello! I am new to BP and to RE wholesaling. I have been researching a variety different methods to help finding the right types of buyers relevant to my local market area (Bay Area, CA) which has high median sales comps & ARV's. (I found a potential deal on a property in Lake County, California). Does anyone know a good approach I can take to building my buyer list?

Hi Lynnette, 

You can build your buyers list by going to your local REIA meet ups or independent investor meet ups. You can also go on FB groups that are specifically for your market and make connections there. 

You will need to do some heavy vetting as many are going to be other wholesalers trying to daisy chain, agents or worst...scammers. But if you are diligent you can find some awesome buyers to team up with!

You can also use some software to build a list of cash buyers. There are some good filters you can set to make sure you can pick a list of active buyers. (purchases in the 6-12 months, portfolio size and value etc.)

Hope this helps!

Post: Question about the wholesaling process

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Kristin Hayles:

Hi, I am very new here. I am a real estate agent, and have been researching wholesaling, thinking I might want to do it. The one question I have is this: How do I get a property under contract if normally a Third Party Financing Addendum is required, or a proof of funds? This normally is submitted with an offer. 

Hi @Kristin Hayles

I have been licensed in FL for almost 10 years and been wholesaling for several of those. 

Make sure in your contract you disclose that you are a licensed agent in the state of TX. If you work with a Private Money Lender or Hard Money Lender then they will be able to assist with providing you a proof of funds for that specific property. Building a relationship with one that is very responsive and can get those letters over to you quickly is a big plus!

Post: Calling RE agents

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Tate Purvis:

If I want to call RE agents on a large scale what free systems do yall recommend for that? 


 What are you trying to achieve?

Post: New to Wholesale

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185

Hi Evan, 

Welcome to BPs. How much have you learned about wholesaling so far? 

Keep in mind the in IL you need a license if you plan on assigning more than 1 contract per year. 

There is of course ways around this such as partnering with a realtor or double closing but definitely something you want to think about. 

Feel free to reach out if you have any specifics. 

Post: New to Wholesaling – Open to JV and Learning

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Saul Lechuga:

@Stephen Morales

Hey Stephen, thanks for the warm welcome!

I’d definitely appreciate that—especially any tips on getting started and what a good workflow looks like. I’ve been diving into wholesaling recently, so having guidance from someone with your experience would be super valuable.

And yeah, coming from a project management background, I’m all about structure and systems—so if you’ve got a process that’s worked for you, I’d love to hear it.

Looking forward to connecting more!


 Sounds good Saul I'll send you some useful info!

Post: How to online Wholesaling

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Gabriel Castro:

Hello BP Community! I’m transitioning to online wholesaling because I don’t have reliable transportation for in-person deals. While I’ve researched the basics, I’m still confused about a few things. My partner mentioned that properties can be sold without physical inspections (as “blind” deals), but I’m unsure how this works practically. For example, how do investors evaluate a property they’ve never seen, and what disclosures or safeguards are needed to protect everyone involved? Additionally, I’m unclear about contract logistics: Can I sign the purchase agreement myself, or does my partner need to sign it? If we’re working together, should contracts be in his name, and how do we structure this legally? Lastly, I’d love advice on creating legally binding contracts remotely—what tools or clauses are essential for online wholesaling? From what I’ve learned, online wholesaling relies on virtual tools like title searches and tax records, but I want to ensure I’m managing risks properly, especially with “blind” deals. Any tips on partnership structures, contract templates, or best practices would be incredibly helpful! Thanks in advance for your insights!  


 Hey Gabriel, 

For your situation, your partner is the one that needs to sign all contracts. Most properties are evaluated by recruiting boots on the ground to tour the property or have the Seller send you information including photos of the property prior to submitting an offer. Your partner should be using some e-signing documentation such as docusign to handle transactions. Once you have the property under contract you schedule showings with the Seller to have local buyers tour the property if they wish to do so first. 

Some of our buyers will buy properties sign unseen as long as the pictures check out and the price is good enough since we developed strong relationships with them. 

When it comes to getting insurable title that is all handled by the title company. Is this the same partner you worked with before? 

Post: Space Coast FL Most Recent Market Data (a tale of 2 markets)

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Samuel Boyd:

Everyone always wants to know "How is the market?". My usual response is "it depends". But I ran some actual reports for clients this week and wanted to share. Within the SAME area we have 3 totally different markets.

- Space Coast Beaches - Condos - Buyer's market
- Space Coast Beaches - SFHs - Neutral market
- Viera / Suntree < $800k - SFHs - Seller's market

I thought this was interesting how drastic the difference can be within the same geographic area. 

See below for the detailed breakdown of each. Cheers!

Thanks for sharing Sam! Very interesting insight!

Going to be a lot more motivated sellers as this year continues.  

Post: Looking for Wholesaler Recommendations

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @John Seitz:

Hello,

I am looking to build relationships with good wholesalers for fix and flips and BRRRR, especially in the St. Louis, MO area. Any recommendations would be appreciated. Who have you had good experiences with? Thanks.

I can connect you with a good friend of mine that does a lot of deals in some of those surrounding counties. Other than that I would look at attending some local meet-ups. There's also a few off market MO FB groups you can check out!

Feel free to reach out if you want my contact out there. 

Post: New motivated member to bigger pockets

Stephen Morales
Posted
  • Jacksonville, FL
  • Posts 371
  • Votes 185
Quote from @Jamie Mrazek:

Good morning, 

Recently decided im going to seriously invest in real estate. Have done 1 flip in the past, so my experience is minimal. Look forward to meeting, learning and growing with the community, as well as helping out wherever i can. I am extremely handy and can fix almost anything that has to do with real estate so if you have any questions or need advice on cheap and good ways to fix something on your properties feel free to reach out!

My background. I spent 14 years in the Army and currently manage businesses in Michigan. Looking forward to working with the community!


 Thank you for your service Jamie and welcome to BPs! 

What investment strategy are you looking to pursue?