All Forum Posts by: William Brown

Wholesale properties under contract priced to SELL!

Check them out here: nationalpropertypals.com/property

Properties in Newport News, Hampton, Norfolk, Virginia Beach, Portsmouth, and Smithfield

More coming soon as well! 

Hey Bernie, while we don't have any multis right now we run across them all the time and would be happy to set something up! I'm a wholesaler that goes all across the hampton roads area, to get first look at our new deals please check out our website at nationalpropertypals.com

It's likely a bad idea to shop it to a ton of people when you don't have it under contract, because someone can easily go behind your back. However, when working with one person that you know is a closer, walk through him, be transparent about you wanting to make a fee--if its a deal they will pay that no problem. Again, a lot of those questions come from a scarcity mindset. Stick with your 10k, and make the focus learning about evaluating apartments and such. You don't know if its a deal yet, and without details a lot of people are going to show interest. Vet some, pick one, and go with them. Trying to hold this thing as your own baby and protecting it won't get you to where you need to go. If you get burned and lose it, you learned. Find people that can actually execute, sit down with them make it happen

@Jestin Sorenson Sounds good! Again, I'd like to reiterate--and this is something I've been struggling in transition with myself. As a deal finder, especially not knowing what the heck you are doing, your best bet is going to make a guaranteed 10-20k. if you get it under contract, don't  go around shopping the deal to get your very highest and best offer that will never come. Its. Never. Worth. It. Instead, find a FANTASTIC deal for someone, build that relationship, you are making fantastic money as well, and then take your check and go do 5 more. Thats how you scale. Focus on volume. EVEN if you can make 50k but you have to wait 2 more weeks and someone gives you an offer thats legit that you'll make 10-20k, take the 10-20k. 

An abundance mentality is truly the only thing someone needs in this industry, and you'll find everyone around you is focused on MINE MINE MINE and scarcity. Change the way you look at things and the things you look at will change.

@Edward Powers @Ryan Proffit @Brandon Kay @Ricky Fergerson @Johnny Le @Kala Miller

Hey all, I got halfway through writing this post and realized for the time spent, and the fact I want multiple people to see it down the road who come to me with the same general questions on how to get started, where to go, etc, it would be best for it to be someplace that can be easily referenced and found. I will continue writing it and you can expect a link to the blog post on our site tomorrow morning. I also wanted to take more time and go more in depth for you guys, rather than just an overview--so you can expect a complete in depth guide with books, companies, sites, everything I do, all out on the table for you to take back into your own business. What's the catch? Well, there is none. I'm really doing this because I was asking the exact same questions (seriously, go onto my profile, go back and look at my first couple posts!) not too long ago and no one lent a helping hand. "Go study up" Or "go read some guides and find a mentor" didn't help me, and I'm guessing that its not going to help you. I'm not making a buck off this, it is something I've wanted to do for a while, I want to do right, and I want it to be completely free because I couldn't even afford new shoes when I was getting started. 

Link to the blog post coming soon and I hope it will be beneficial/give you guys a solid place to start! I love the wholesaling business model, am a huge proponent of it (as you can probably tell), and like to stick up for people getting started in it that are newbies and are being bullied by the big bad agents and brokers on here. ;)

@Ryan Proffit @Edward Powers @others 

I've been receiving a ton of messages asking about the process, and I am happy to answer them all, check back to this forum post at the end of the day and I will have the entire process written out step by step. :)

All utilities are paid by owner? that could be a major value add unless the neighborhood norm is having them included. To protect yourself, I would build trust and rapport with the buyer, make sure you sit down with him multiple times, ask him how he would like to structure it, and then find a way to include yourself in the deal. You could sign contracts with him that would prevent him from going around you, but then again build the relationship and there should be no reason he's not happy to pay a fee for bringing him the property.

Also, keep in mind your fee doesn't have to be huge, or even proportional to the size of the project. Us as wholesalers are here to find properties, sell properties, and move on. Don't hold out thinking someone is going to come along and give you 30-50k because that day may never happen. Accept a 10k fee and move on. 

@Jonathan New Your next Portsmouth Property

Hello all, 

We have offers being submitted on our deals everyday but I always want to continue to reach out and find people that are looking for off market rehab and rental deals in Hampton Roads.

Even if you don't buy one of the ones we have right now, one might suit you right down the road. 

Either way, take a look at them here and sign up for our first-look VIP buyers list: nationalpropertypals.com

We currently have: 2 Properties in Newport News, 1 property in Hampton, 6 in Portsmouth, 1 in Norfolk, 1 in Smithfield

@Kevin Ha He's right, the best way for you to move forward is probably to talk to 100 people CRUSHING it, narrow it down to 10, then do joint venture with 1. Learn by doing. Or you can learn by reading, listening, watching, and still find that you would be 10x farther along if you had just started by  connecting with the right person from the beginning.

Find out what kind of area you are interested in investing in, put the funds together and say here's my skin in the game, then connect on Connected Investors, BP, local facebook pages, local reia meetups, and elsewhere. The people that you want advice from wont' give their time for free--so make it worthwhile to them. I'm not saying necessarily pay them, I'm saying go in joint venture on your first one