Help, interested in wholesaling.

[Cathy Seraphin]

Hey BP folks!

My name is Cathy Seraphin. Moved to the Triangle one year ago and am finally feeling stable enough to fully dive into real estate. I've purchased several books and have been listening to the podcast. I haven't (yet) found an investor community to help sort the influx of information in my head. I am interested in wholesaling to start with hopes to transition into multifamily units. 

Any advice? Recommendations? 

[Katherine Serrell]

Hi Cathy, I just messaged you. I am an investor in Raleigh with multiple units and i just started 2-3 years ago. Happy to connect and share what worked best for me. In my opinion, wholesaling in Raleigh is nearly impossible unless you have an expansive network and/or experience. The market is still very hot so you would have a very difficult time finding sellers who are willing to sell you units at below market value when they can still easily get top-dollar. Additionally, there are very, very few multifamily properties that are available in the Triangle as multifam construction (2-4 units) is not nearly as common as other cities. The multifamily units I have personally looked at have been in less desirable areas and are in very rough shape. You would likely be better off choosing a different market or sticking to single family units in the Triangle. 

[Joseph Gisler]

Hi @Cathy Seraphin! Welcome to the area! You should check out the Bigger Pockets meetup which is every second Wednesday of the month! 
Also, Pints and Properties which is typically the last Thursday of every month! 
I just sent you a connection request, I’ll shoot you the official info when it comes out! They are both filled with investors of all kinds happy to help! Hopefully I’ll see you there! 

[Eliott Elias]

Drop the books, drop the podcast, get out in the field. Work for a company like net worth or new western and learn the ropes from wholesalers that are actually doing deals. 

[Cathy Seraphin]

Quote from @Katherine Serrell:

Hi Cathy, I just messaged you. I am an investor in Raleigh with multiple units and i just started 2-3 years ago. Happy to connect and share what worked best for me. In my opinion, wholesaling in Raleigh is nearly impossible unless you have an expansive network and/or experience. The market is still very hot so you would have a very difficult time finding sellers who are willing to sell you units at below market value when they can still easily get top-dollar. Additionally, there are very, very few multifamily properties that are available in the Triangle as multifam construction (2-4 units) is not nearly as common as other cities. The multifamily units I have personally looked at have been in less desirable areas and are in very rough shape. You would likely be better off choosing a different market or sticking to single family units in the Triangle. 

 Hi Katherine! 

I responded! I noticed that there weren't many mutlifam options in the area! I am from Florida and that a very common option so it a definite shock not finding any. There are some on the less desirable parts of Cary, but I am not familiar with the areas well enough to know where to start finding them. Hot is an understatement for the market here. I am looking forward to connecting and continuing this conversation! 

[Cathy Seraphin]

Quote from @Eliott Elias:

Drop the books, drop the podcast, get out in the field. Work for a company like net worth or new western and learn the ropes from wholesalers that are actually doing deals. 

 Thank you for your advice Eliott. I was able to locate New Western online, but not Net Worth. I am working to get into the community to learn the ropes, but changing my career at this time isn't in my best interest. I'll see what options are available that work with my existing schedule 

[Eliott Elias]

Quote from @Cathy Seraphin:

Quote from @Eliott Elias:

Drop the books, drop the podcast, get out in the field. Work for a company like net worth or new western and learn the ropes from wholesalers that are actually doing deals. 

 Thank you for your advice Eliott. I was able to locate New Western online, but not Net Worth. I am working to get into the community to learn the ropes, but changing my career at this time isn't in my best interest. I'll see what options are available that work with my existing schedule 

 Look up Teifke real estate, this is the brokerage i'm at and they give flexibility

[Account Closed]

Hi Cathy, 

Investment Real Estate is a great market to get into right now is you can find the right market.  As Katherine stated wholesaling in Raleigh is difficult at this time without a network.  Have you thought about starting off outside of the Triangle?  Maybe look at Fayetteville or the Burlington area.  I will message you.

[Patrick Drury]

@Cathy Seraphin
Are you going to be wholesaling locally or out of state? If in-state I highly recommend you attend local meetups or join a local REIA near you so you can meet in person with local investors and network with them and realtors. Definitely build good relationships with investor-friendly agents in the market you are working in so your deals can get in front of more people.

[Cathy Seraphin]

Quote from @Patrick Drury:

@Cathy Seraphin
Are you going to be wholesaling locally or out of state? If in-state I highly recommend you attend local meetups or join a local REIA near you so you can meet in person with local investors and network with them and realtors. Definitely build good relationships with investor-friendly agents in the market you are working in so your deals can get in front of more people.

Thank you Patrick! I will look to connect with local REIA's in the area.
Are you a part of any out-of-state groups? I am open to all avenues. 

[Cathy Seraphin]

Quote from @Account Closed:

Hi Cathy, 

Investment Real Estate is a great market to get into right now is you can find the right market.  As Katherine stated wholesaling in Raleigh is difficult at this time without a network.  Have you thought about starting off outside of the Triangle?  Maybe look at Fayetteville or the Burlington area.  I will message you.

Hi Toya, I am not opposed to outside of the Triangle. Greensboro was of interest, in addition to some of the neighboring regions (Angier, Dunn, Wendell, etc.)

[Cathy Seraphin]

Quote from @Eliott Elias:

Quote from @Cathy Seraphin:

Quote from @Eliott Elias:

Drop the books, drop the podcast, get out in the field. Work for a company like net worth or new western and learn the ropes from wholesalers that are actually doing deals. 

 Thank you for your advice Eliott. I was able to locate New Western online, but not Net Worth. I am working to get into the community to learn the ropes, but changing my career at this time isn't in my best interest. I'll see what options are available that work with my existing schedule 

 Look up Teifke real estate, this is the brokerage i'm at and they give flexibility

 Thanks Eliott! I'll look into it!

[Vincent DeCarlo]

@Cathy Seraphin Hey Cathy, I'm a licensed GC, flipper, consultant and Realtor. If you want to wholesale, I'd be happy to connect. I'm looking for people who are willing to find me deals. Basically, you send me the deal, I let you know what I'd pay and you negotiate with the seller a lower number, keeping the difference. I'm also open to novation or assignment agreements. 

[Cathy Seraphin]

Quote from @Vincent DeCarlo:

@Cathy Seraphin Hey Cathy, I'm a licensed GC, flipper, consultant and Realtor. If you want to wholesale, I'd be happy to connect. I'm looking for people who are willing to find me deals. Basically, you send me the deal, I let you know what I'd pay and you negotiate with the seller a lower number, keeping the difference. I'm also open to novation or assignment agreements. 

[Wale Lawal]

@Cathy Seraphin

Wholesale real estate presents itself as an excellent opportunity for beginners to enter the real estate investing arena, as it can require little to no capital and is a great way to learn the ropes of the real estate industry. Some individuals like wholesaling so much that they make it their full-time careers. Either way, if you are driven, disciplined, and organized, there is no limit to how much money you can make in your wholesaling career.

Investors interested in learning how to wholesale real estate will be relieved to find that the process is not difficult. To begin wholesaling properties, follow these simple steps:

1. Do research on your local market
2. Create a buyer’s list for your desired neighborhood
3. Find a financing option that suits your needs
4. Begin looking for sellers and properties to wholesale
5. Decide between assignment of contract or double close

Read this article for more information https://www.fortunebuilders.co...

Good luck!

[Cathy Seraphin]

Quote from @Wale Lawal:

@Cathy Seraphin

Wholesale real estate presents itself as an excellent opportunity for beginners to enter the real estate investing arena, as it can require little to no capital and is a great way to learn the ropes of the real estate industry. Some individuals like wholesaling so much that they make it their full-time careers. Either way, if you are driven, disciplined, and organized, there is no limit to how much money you can make in your wholesaling career.

Investors interested in learning how to wholesale real estate will be relieved to find that the process is not difficult. To begin wholesaling properties, follow these simple steps:

1. Do research on your local market
2. Create a buyer’s list for your desired neighborhood
3. Find a financing option that suits your needs
4. Begin looking for sellers and properties to wholesale
5. Decide between assignment of contract or double close

Read this article for more information https://www.fortunebuilders.co...

Good luck!

 Thank you Wale! I'll check out the article for more details. 

[Lexey Vezzoso]

Hey Cathy!

Brent Daniels is an amazing coach for wholesaling! He has a podcast and is also on YouTube. :)

Good Luck!

-Lexey 

[Cathy Seraphin]

Quote from @Lexey Vezzoso:

Hey Cathy!

Brent Daniels is an amazing coach for wholesaling! He has a podcast and is also on YouTube. :)

Good Luck!

-Lexey 

Hey Lexey, 
thank you for sharing! I’ll check him out! 

[Wale Lawal]

Quote from @Cathy Seraphin:

Quote from @Wale Lawal:

@Cathy Seraphin

Wholesale real estate presents itself as an excellent opportunity for beginners to enter the real estate investing arena, as it can require little to no capital and is a great way to learn the ropes of the real estate industry. Some individuals like wholesaling so much that they make it their full-time careers. Either way, if you are driven, disciplined, and organized, there is no limit to how much money you can make in your wholesaling career.

Investors interested in learning how to wholesale real estate will be relieved to find that the process is not difficult. To begin wholesaling properties, follow these simple steps:

1. Do research on your local market
2. Create a buyer’s list for your desired neighborhood
3. Find a financing option that suits your needs
4. Begin looking for sellers and properties to wholesale
5. Decide between assignment of contract or double close

Read this article for more information https://www.fortunebuilders.co...

Good luck!

 Thank you Wale! I'll check out the article for more details. 

 Welcome!

[Lisa Whitley]

Hi @Cathy Seraphin

Welcome to the Triangle! It is an interesting market, as others have pointed out.

If you have not checked out Triangle Real Estate Investors' Association (TREIA) at TREIA.com, it is definitely worthwhile. Numerous education and networking events every month about all areas of real estate investing. The connections with other investors is one of the biggest benefits.

I can't speak to wholesaling, but I am happy to connect and help if I can!

[Erick De casas]

If you're a realtor follow Ryan Zolin, if you want to wholesale efficiently check out Jamil Damji, if you want to learn creative finance look up Pace Morby. Feel free to reach out with any questions.