All Forum Posts by: Teddy Schmitt

@Matt Guignon

Thanks for reaching out Matt, I responded to your message. @Naomasa Hase thanks for your response!

Josh and Nick,

Thank you for your advice! I definitely see the importance in being very selective with which deals I send out to potential buyers. My goal is to be as transparent as possible and find actually good deals that provide a Win/Win/Win situation for the seller, the buyer, and myself, so that I can build a strong reputation in my area. I’m still a ways away from beginning to execute my first deal, as I am just starting my education! Thanks again for your help and let me know anything you found helpful when you jumped into your first deal!

Hi Everyone,

I am a 21 year old student born and raised in St. Louis new to real estate investing. Im still in the process of learning and familiarizing myself with the process, but I’m currently very interested in wholesaling and was wondering if anyone had any experience doing so in St. Louis either in the county or the city? What were some things that you found helpful when trying to find deals and cash buyers? My Dad turned me onto BiggerPockets, as he has a few properties himself but, in his own words, “did the right things the wrong way.” Any suggestions would be much appreciated!

@Joanne Eriaku

Thank you! I’m definitely just scratching the surface but I got some books and a ton of links so I’m excited to get into it, and hopefully execute it once I have a firm understanding!

@Austin Wallis

I have a lot of similar questions and from what I’ve been looking into and talking with my Dad about this is that the contracts and terminology are extremely important in order to make sure you can minimize your risk and have an exit strategy in case you need to get out of the contract. I’m still at the very beginning stages but I think some of my first steps are going to be; looking for a wholesaler in my area that I can shadow/learn from, compiling a list of fix and flippers in my area, and working on finding the correct contracts and documents for my situation.

Also, to address your point about the 10,000 deal, I have seen that around as well and I’m making sure to be very wary of anything like that, I believe I have the skills to negotiate a deal myself, so I don’t want to be shorted out of any of my profit.

Thanks for replying and let’s keep learning!

Hello!

I am interested in getting started in flipping contracts on rundown houses in the St. Louis, MO area and I’m looking for any help I can get! My basic understanding is to find deals on houses and find a cash buyer looking to rehab before I close on my initial offer on the property. I am very inexperienced and rather young so any assistance from more experienced people in the industry would be much appreciated!

Thanks!