All Forum Posts by: Victor Wheby
Victor Wheby has started 4 posts and replied 10 times.
Anyone willing to guide me through, or let me follow them through the process of wholesaling in the central florida area?
Post: Investor looking to build a network in Central Florida
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I've always wanted to do a tiny home community in central fl. Is that something you and your partners would be interested in investing in?
Post: [ONLINE WORKSHOP] - How to Virtually Wholesale
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Are there anymore coming up?
Post: Anyone in Orlando willing to let me learn the process from them?
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Hey guys I want to learn how to wholesale and see the process up close. Any wholesalers in or around the Orlando area willing to let a stranger spend some time at work with them so I can see the process first hand?
Originally posted by @Kyle Smith:
@Victor Wheby you're right to want to break into the industry. If you're limited in either time and/or money that you can invest, I'd spend at least part of it networking at local REIAs. Here is a local one that seems pretty active. You're certain to find people at these events who need help scaling their business and you could try to fill whatever need they have.
Big picture though, it's less about the 1 or 2 days a week you commit and more about the long term relationships you forge that will lead to success
Yes something I read in a book recently was like surround yourself with success and by nature those people will help succeed or motivate you too at least. I recently had a shift in friends. I started hanging out with this pretty successful couple and I'm beginning to see how the relationships you make a difference ....also..:/ what's an REIA? I feel a little silly for asking because I feel like its something everyone knows maybe?lol
Also, then if years later I wanted them out of the deal, what would I do? Buy their share? Or refinance only in my name?
Hmmm Good to know. Thank you. At least I know I'm in the right direction or got the right idea. Thanks for the feedback!!
yeah exactly I want want to learn multifamily. So should I just like call property management companies in my area and ask if they are looking for part time help as well??
So my idea is to have an investor cosign with me in exchange for the cash flow from the house. For example if I get a 5 bedroom house that cost $300,000 and the mortgage is $1,500 a month. I live in 1 room and rent out the other rooms for 550 each for a total of $2,200 and splitting the utilities between the people in each room. Allowing me to save up so the next year I can then put a down payment on a another house. The cashflow of $700 would be given to the person that cosigned for me for a year. Making that person $8,400 in year just for me getting there cosign. I feel like that's a good deal. I've heard on bigger pckets you gotta find a way to make the deal work. That theres always gonna be excuses not to get started and I think this could be my way of getting in :/ just not sure if it's really a good idea or from the POV of an investor would it be worth it for them?
I live in the orlando area and am a big fan of the bigger pockets podcast and am certain I want to get started learning about real estate. I've heard some people have gotten started by by simply working one or two days a week and just dont know where in orlando I could do something like that. If anyone has any information please lmk!
Thank you!