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Updated over 7 years ago on . Most recent reply

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12
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Kerven Jean
  • Roselle, NJ
1
Votes |
12
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Trade knowledge for wealth

Kerven Jean
  • Roselle, NJ
Posted
I want nothing more then to succeed in life and real estate seem to be the right path for me. I've been watching real estate videos going to seminars and reading books but now it's time to get started and I'm completely stuck I want to start wholesaling then eventually rehabbing but do not know where to start and how to break down a deal I'm more of a hands on learner I would be willing to offer a 50/50 split on commission on my first deal for someone to just walk me through it never have to meet up just phone calls or inbox messages I understand time is money and we can negotiate that 50/50 I'm more about the knowledge then money at this point.

Most Popular Reply

User Stats

533
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422
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Bill Goodland
  • Rental Property Investor
  • Allentown PA, United States
422
Votes |
533
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Bill Goodland
  • Rental Property Investor
  • Allentown PA, United States
Replied

I totally understand where you're coming from, and you definitely got the right idea when it comes to capital creation and then investing; however I doubt someone is going to randomly bring you in 50/50 on a deal from one forum post. What I would do in your situation is to reach out to some cash buyers(usually flippers) and see exactly what they're looking for such as 3/2's in these zip codes for around this price, and then see if you can drive for dollars or do a bit of direct mail and basically be their personal wholesaler/deal finder(make them feel special). So if you are clearly adding value to one specific buyer, clearly that is replicable and you can then bring deals to more buyers. If you happen to come across a deal and need to find a buyer, then is when I think it would be a good idea to bring it to another experienced wholesaler looking to go 50/50 in a deal. What I'm saying is that it all starts with the deal, and that in order to expect something from someone(time a piece of a deal from a vet), you must be willing to take initiative and provide some value in return. 

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