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Updated 5 months ago on . Most recent reply
New here, returning to the game..
Hi all, hope everyone is doing well and just wanted to introduce myself, returning from 2005-06 when we did few flips (3) and few rentals (4) and learn some do's and do not's.
Difference this time for me is hard money and wholesalers, it has been interesting.
Looking forward to learn more and share experiences.
Thank you all for all the information and knowledge you folks share in this platform, found out about bigger pockets through a podcast and I was like whaaaattt, these folks know what they are talking about I can learn here so much.
Most Popular Reply
Quote from @Ned Carey:
@Luis Maza welcome to BP.
What do you mean by "Difference this time for me is hard money and wholesalers"
Wholesalers and hard m oney were around in 2005 and 2006. What do you find different?
Short answer to explain it, I did not know they were around back then, just found out now when we are coming back,
a little background, when I started in 2005, I was a child :) 28 years old and thought I knew it all, all, all :), did not know about hard money lending, only new about bank loans, and Home equity lines of credit, did not know where to find more money, since I did not have much, I would rely on what I could get from banks, loans, credit cards and was not always that great, it was a learning experience.....
and Wholesalers, I did not know that even existed, everything I would find back then was already on the market and through a "friend" agent, MLS, FMLS and all those, nothing like what we have today.
Totally new world for me knowing there are properties off the market, wholesalers, and people that loan money just for this purpose, different from a bank, I have always thought we were doomed from finding a good deal as everything I found was already on the market...my little knowledge and limited believes got me trapped.