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Updated about 3 years ago on . Most recent reply
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New from Tyler, Texas
Hello all!
I am from Tyler, Texas, and am hoping to start wholesaling/investing in the East Texas area. I am looking to use wholesaling as a stepping stone to move to rentals and fix and flips. Ultimately, my goal is to be able to buy my first home and be financially independent. I am currently a middle school science teacher for an online academy and love what I do. I have always had an interest in real estate but saw it as an unattainable goal for a teacher. I have spent a lot of time researching wholesaling through YouTube, podcasts, and multiple books but am struggling with analysis paralysis. I would greatly appreciate any mentorship, advice, or recommendations on books or podcasts I should be looking into!
-Ashley
Most Popular Reply
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Greetings Ashley! I'm a wholesaler in Livingston. Not too far from you. I have a small collection of rentals and am looking to raise capital through wholesaling too in order to fund my next duplex. The best recommendation I have, well two recommendations, his listen to the wholesaling Inc podcast. More than that, TALK TO PEOPLE! Talk to owners of beat up homes. Talk to friends and post on socials that you are looking for a house to buy. A fixer-upper or maybe something that needs a little love... I started offering a finders fee to a friend and she gave me someone's name that turned out to be my first deal. $10k assignment fee to me and a $200 finders fee to Tammy. Everybody came out happy. I'm now offering $500 to anyone that sends me a lead on a house to buy once I receive the assignment fee. $500 to anyone who brings me a buyer, paid out at closing. That will likely go up to $1k for those referrals if things continue to grow. That first deal was completed with a partner. I brought the deal and he handled selling the deal. I kept 60% of the assignment and he got 40%. Another deal was done with a different wholesaler. He called me and said he has a buyer that likes the deal. If his buyer took the house I agreed to pay him $2,500 at closing. Done deal. That buyer is now one of my favorites!
Also, I use the Deal Machine app, code TTP for a great discount, to skip trace and mail postcards to owners of any distressed houses I see. That has been a successful source of leads!
I love talking about real estate. Hit me up anytime.