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Updated almost 9 years ago on . Most recent reply

User Stats

26
Posts
3
Votes
Corey B.
  • Wholesaler
  • Senath, MO
3
Votes |
26
Posts

Struggling Newbie seeks advice on kicking into overdrive

Corey B.
  • Wholesaler
  • Senath, MO
Posted

Good morning from Missouri BP Nation! I hope everyone is well and blessed this Sunday! A great friend and mentor has taught me everything he knows about Wholesaling, and he has done quite well with it. I've taken a few houses under contract and never found solid buyers so I gave up probably to early. 

My biggest concern or probably FEAR is that no local title company would work with me on them unless I strictly double closed. In my mind, if I had the backing for each deal to actually pay for the house and flip to the next buyer same day or next day I would be aggressive in finding and flipping properties. But again, my evil voice says "what if the buyer falls through." I am aware that some transactional lenders exist and I understand point systems, I guess I just don't understand the qualifications for your first flip?"

I have been to and completed Real Estate School in Arkansas but moved to Missouri and never got my license. I have been a Renatus member. While the education seems there with Renatus, I just can't justify coaxing people into a 20k class I know they can get for free on BP, or pay $500 and get an actual real estate license. 

I currently build websites and mobile apps for businesses from home and enjoy it but the income isn't consistent. I would like to do 1-3 house deals a month for a secondary income that I hope would become full time income in 6 months or less. Those of you who have had success, which direction would you point me in. I appreciate your time reading this and look forward to your replies. Have a blessed week! 

Most Popular Reply

User Stats

348
Posts
183
Votes
Vince Mayer
  • Wholesaler
  • Arnold, MO
183
Votes |
348
Posts
Vince Mayer
  • Wholesaler
  • Arnold, MO
Replied

You sound like you need incentive first of all. You're probably pretty happy coasting along and building web sites and apps. There is no urgency for you.

Secondly, you don't sound like you actually believe in REI. You have no short term goal and no major long term goal to put the effort in. Where is your friend and mentor on this?

  • Vince Mayer
  • Loading replies...