Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago, 05/03/2022

User Stats

2
Posts
0
Votes
Giovanie Scott
0
Votes |
2
Posts

Wholesaler Beginner in Texas Need Guidance

Giovanie Scott
Posted

Good afternoon everyone,

I want to start my journey as a wholesale (because I see a LOT of potential in it to raise capitol to invest in future properties myself) in the area of Texas.

Aside from learning from YouTube and books (audible especially BP), what else can I do in order to be successful in the long run?

I know I'm gonna make mistakes and that is part of the process in order to have success, but I would really love for someone in the area to teach me how the market is here in Texas etc. since I have no mentors aside from the books and videos.

You can be a wholesaler, investor, contractor etc. I want to be able to surround myself with as much people I can in order to see what you see when it comes to make a deal and be able to read between the lines of what the market is saying (which comes with experience obviously).

I don't want people to give me a fish, I want to learn how to fish (if that makes sense).

What I have learned so far:

1. A cash buyer will buy from you IF you have a good offer and did your numbers correctly.

2. How to do Comps and find ARV

3. Use the 70% rule 

4. Estimating rehab cost (have different ways to go here but never sure if my rehab estimates are even accurate or not)

5. How to look for properties

6. How to fill out the contracts (still new since I have not done my first deal yet)

Those are some of the things I have learned aside from other stuff, I have a long way to go and I am willing to do what it takes to get out of the Army and continue to build a future for me and my family.

Hope everything made sense and thank you if you have reached this far, I truly appreciate it.

Loading replies...