Real Estate Agent · Wethersfield, CT · Member since 2015 · 11 posts · 3 votes
Hi everyone I am relatively New to BP, and Real Estate Investing in general. I've had a duplex since 2013, and for the most out everything has gone well with it. I eventually would like to buy and hold more property, but right now the funds aren't there.
So in the meantime I've been doing a lot of reading about other ways to invest in RE, more than anything wholesaling. It just seems easier said than done. Is there anyone on here that has successfully wholesale property here in Connecticut? Is there anything I should about wholesaling specifically in CT?
Rental Property Investor · Norwalk, CT · Member since 2013 · 276 posts · 147 votes
10y
Welcome to BP. There is a ton of information here for you to explore, just keep reading and asking questions...
If you're interested in meeting more local investors the Southern CTReia is great, there is an even better group that meets Wednesday in Fairfield, and then CT Reia is probably the closest for you, they meet in Meriden. There are a few other meet ups in CT that organize here on BP if you search in the events section. Good luck!
Thank you for your post. I am glad to read someone who has read or heard the stuff out there with a critical mind.
A lot of the material out there about wholesaling is just recirculated material from someone else that has been around for years. It is beyond dated. It's the same stuff that I read and was out there 10 years ago.
I have operated a successful wholesaling business for over 10 years. Wholesaling isn't hard but like any other business, you have to work at it professionally. It certainly isn't 1) get a mailing list; 2) send out letters; 3) the money just rolls in. C'mon. Does that make sense to anybody?
After finding out that it doesn't work like Jack's magic beans, I invested in mentoring from a professional who got me started at a whole level beyond the back and started the cash rolling in. It was well worth the investment.
Real Estate Agent · Wethersfield, CT · Member since 2015 · 11 posts · 3 votes
10y
I get the concept of finding motivated sellers and investor buyers. It is just, what is keeping these motivated sellers and investor buyers from going behind your back and working out a deal for themselves?
Real Estate Entrepreneur · Bridgeport, CT · Member since 2015 · 22 posts · 12 votes
10y
@Carlos QueridoWell, most cases that will not happen. A savvy investor will not care where the deal is coming from. If you are bringing them a deal, and their numbers work, it would be smart on them to not go behind your back because you are going to be bringing them more deals. Why would they want to ruin their reputation by doing so, especially if more deals are coming their way, its in their best interest. Also, you would have the property under contract before you market to your buyers to really prevent this from happening, so you would legally be allowed to sue them for doing so.
Nevertheless, do not worry about little road bumps that try and stop you along your way. Just start doing things and as different situations arise, then figure out a solution. Remember, take the action then learn the lesson.
Flipper/Rehabber · Arlington, TX · Member since 2013 · 1k+ posts · 2k+ votes
10y
Hey @Carlos Querido - I think you're smart to ask about CT so you become aware of any rules or regulations you must adhere to, but the wholesaling process is pretty much the same everywhere.
FYI - I have a 3-video "Wholesale Accelerator" course (with sample Purchase and Assignment agreements) that I give to free only to my colleagues here in BP. Send me a colleague request (w/ your email address) and I'll send you that material. (Pure training, no sales or advertising) In 2 hours you'll know a LOT more about wholesaling than you do right now.