I want your knowledge

[Tavaris Little]

Hey everyone my name is Tavaris, I am new to BP and I am trying to get more involved with wholesaling. I've been watching webinars, reading articles, and taking notes heavily and thought I'd join so I could connect with more experience professionals in this field and someone that could get me on the right track. I'm in Greenville, SC but wouldn't care where the help came from. If anyone is willing to help please contact me.

[Michael Lee]

Hello and welcome back to this website!  The part of being a wholesaler causes you to be a good marketer and seller.  Your knowledge is very important too as well as knowing the selected area well.  I have read at more than one time that making mistakes and fear are pretty normal.  Learn from any mistakes and turn any fear into something happy and positive.  I am 60 years old and I have never been east of the Mississippi River.  I was born and raised in Dallas Texas.  Its economy is so diverse it has survived that pretty well.  I still live in Dallas County.  Even though I do not have much experience in investing I can help you in many ways.

Being involved in Wholesaling is not easy but plan on being dominate in that industry and know the geography involved.  Any amenities can help you, so be aware of them and telling about anything that is in a walking distance as well as the school district that is involved,  Know about where the nearest bus stop is, any parks, highway access, and lakes nearby.  Your knowledge of that king of stuff is very important as well as the prices, rent levels, and construction costs.

Be a problem repairman and build rapport with the seller.  Knowing buyers to call is critical for you and finding those kinds of buyers is important.  Cash buyers are very important and useful to you.  Use direct marketing, "driving for dollars", walking your neighborhoods and talking with potential neiberhood is critical, and hanging flyers and sticky notes with a good message can help you out.  Use professional people to help you get things done.

Concentrate on needs and focus on learning before you start making offers and know the difference between one and two closings and budget for all closings. Will you try to have a W-2 job during your investment period? Your primary helpers on your Team are usually Attornies, real estate Agents, CPA's (or accounts), Inspectors, General Contractors, and Handymen. Depending on your present wealth you might need to form some sort of corporation or a LLC to help you personally.

Track everything you do to help you control your expenses and income to help you grow.  Review it regularly.  Know the difference between "rules of thumb" and actual expenses and do not forget about any of them.  Any construction cost estimates you can practice will help you if you can do it before you start.  Another thing you might consider is getting a loan letter to help you with the owner when you submit an offer.  I am sorry that this is so long.  Office location for your activity and few distractions is very important.  You can have your office location in your place as long as you can close it off and your ability to ignore your place and the needs of it.

Good luck to you!