All Forum Posts by: Philip Klinck

Thanks for the comment Marie. I think what I will do is go into it with wholesaling on the brain but be flexible enough to be able to fix and hold if I have to. I would hate to get 2-3 under contract and then have no-one want them because there is not enough meat on the bone. The issue is that I can hold them if they are cheap but 100k houses are not going to work.

I may just need to get my weight up and go for a rehab flip or rehab hold. I'm use to residual income anyway. My goal was to increase my transactional income as my current business doesn't allow for that.

I have had my RE license for a long time. I sold for a builder a long time ago and have been interested in RE for even longer. But, now I am use to my 9-5 mon-fri that my B2B business has spoiled me. I cant run buyers around in my car all weekend. I suppose I could start building my listings but even that is quite a bit of weekend work. When you have an interest in the property you have some control. And when you have a GREAT deal you have even more control.

I am sure I can make something happen. I just want to make sure there is enough out there for me to do maybe 2-4 deals a month at $4k per deal. I am assuming it will take $1000 in marketing to find each deal. So netting 6-12k a month would be fine with me. But, doing a deal every 2-3 months is just not good enough.

Well then that is an issue. I don't have time to walk and talk. I started my business that way but it is not a good way to leverage time. I realize I may get a deal faster or at a smaller cost but at the expense of my time.

I have a much better setup to manage incoming calls, track them, move them through a process, track results, and ROI. Right now thats what I do for my business and I would like to kind of just incorporate real estate deals into that process.

Everything OK? If so, do you have any new numbers for us. I am hanging on the edge of my seat. I like the methodical approach.

Thanks, I know the area is growing. I just wanted to make sure it was already big enough to have the number of opportunities already in it to make it worth a full scale marketing effort.

I do postcard mailers now to my business prospects. The minimum I mail is 5000/mo. I am not sure how many of leads I can come up with in my area to mail to but I wanted to start with at least a 2500 piece mailer each month. It seems like anything smaller than that would be too small to get solid and consistent results.

The city of Greenville, SC has a population of about 58k and the county has a population of 450k. I own a business that sells B2B and there is barely enough business in my area code to grow at a decent pace.

I want to do some wholesaling but I want to know what the possibilities are for a city my size. If I do some aggressive marketing, and lets say its effective, what are the possibilities in a market my size?

I dont know why you would want to be more leveraged than what futures already are. That is their point in the first place. They are highly leveraged instruments that people, companies, governments, can use to hedge against something that may be going against them in the future.

Speculators use these highly leveraged instruments to make bets. Making educated bets is like gambling at a poker table. How well you do has to do with skill and a good bit of luck.

I would take that 250k and buy a business that has a good growth trajectory. Financial products and technology are always a good way to go.

40% a year consistently is not achievable long-term for almost any traders. Your 250k would be 13mm in 10 years. Lets say their fund has 100mm in management. In 10 years they would have 5.5bb sloshing around in the futures market. It is just not a sustainable number.

Thanks everyone. This was all very helpful.

20k assignment price? Then you have rehab to do?