Newbie Wholesaler, with a full time job. Westchester County, NY

Newbie Wholesaler, with a full time job. Westchester County, NY

Westchester, NY · Member since 2020 · 2 posts · 0 votes

Hello fellow Bigger Pockets members; I hope everyone is staying healthy and motivated during this epic year. My name is Erica; I am from Westchester County, NY, and formerly, a Bronx County resident, born and raised! I am a full-time employee with the NYS Courts. After a recent financial shift, I recognized the need to make substantial, reliable, and profitable investments. Real Estate became a logical option for me.

After identifying my "WHY" for choosing Real Estate investing, I set a goal for myself. So, what are my WHY and the GOAL, you ask? It's simple and probably similar to some of your reasons for doing this work.

"WHY" - To teach my children how to create financial solutions. And to teach others how to find financial independence through Real Estate.

GOAL - To create a robust real estate portfolio for generations to come. It will require 3 PHASES.

Phase I- Wholesaling * Phase II- BRRRR * Phase III- Scaling

I am so grateful for the recommendation my friend made to download Bigger Pockets. I have learned so much, and it keeps me motivated. Though I haven't made a deal yet, I have been driving for dollars using the Deal Machine app. I feel ready to do cold calling next; however, I am not confident about the numbers I am running. Currently, I am using Redfin, Zillow, Trulia. I know these numbers are not accurate.I have Realtor friends, but I do not know how to incentivize their help. 

So, here are my questions -

1. How do I incentivize the working relationship to get a realtor to help me with comps?

2. As a newb, should I purchase PropStream at this stage of the journey to run the numbers on my own?

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  • Accountant · New York City, NY · Member since 2019 · 23 posts · 10 votes
    6y

    @Erica Prosper

    Hey Erica! My name is Marilin. I was born and raised in Harlem/Bronx and now live in Westchester as well. Reading your post reminded me a lot of myself. I started my real estate journey last year and am proud to say that I purchased my first property in April 2020. I decided to start with the house hacking strategy and now I am looking into wholesaling (which is why i was alerted of your post). Anyways, just wanted to introduce myself.

    Best of luck!

  • Westchester, NY · Member since 2020 · 2 posts · 0 votes
    6y

    Hi Marilin,

    Thank you for responding to my post. CONGRATULAIONS on your new property, that is inspiring!

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