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All Forum Posts by: William Muhlstadt

William Muhlstadt has started 3 posts and replied 3 times.

Post: Expanding my "Licensure" toolbelt

William MuhlstadtPosted
  • Saint Petersburg, FL
  • Posts 3
  • Votes 4

I decided a few months ago that I would try to explore all of the avenues real estate has to offer. Aside from getting your Real Estate Sales Associate license and your Broker license, what are some other licenses that I could look to get that will benefit me greatly in real estate. 

ALL OPINIONS ARE WELCOME

-William James Muhlstadt III

Post: Made First Deal, What to do Next? Suggestions?

William MuhlstadtPosted
  • Saint Petersburg, FL
  • Posts 3
  • Votes 4

My name is William Muhlstadt, I am a 19 year old college student at USF, and I just made my first deal a couple of weeks ago. I got a 3 bed 2 bath in Saint Petersburg Florida under-contract for 60k. Since I do not have a list of investors, I decided to list the property with the firm that was teaching me to wholesale all together. The house was valued at about 130k on the high side, we put it up on MLS for 79k, five minutes later a buyer sent us a contract for 81k. The house fee was about 2,000 along with 7% commission. So I cleared around 13k. It was a HELL of a deal.

My question is what to do next. Should I sit on the money and continue to try to make money without money and further my education in real estate? Or should I use that money to jump into the game. (With some sort of guidance)

I would love to hear all of your opinions!

Post: *first post* What is the best way to spend 20k?

William MuhlstadtPosted
  • Saint Petersburg, FL
  • Posts 3
  • Votes 4
Hey guys, this is my first post on Bigger Pockets. I am 21 and I have saved up a little more than 20k to get into real estate. I'm looking for some good ways to spend it! I would prefer to rent out the properties I buy. I am open to any and all suggestions!