New guy on the block

New guy on the block

Philadelphia, PA · Member since 2016 · 8 posts · 1 vote

Hello! I am very new to reastate investing and am here to learn, network and soak up as much info that I can on wholesaling. I am 29yo highschool drop out, working an overnight job i hate so much. Im sure some of you can relate in some way. I am hungry as I am humble and I am very determind to make something of myself. I already am in the process of getting my LLC for my real estate investment company and now I am in that spot where am excited and nervous at the same time. If anybody can point me in the right direction. That would be very helpful. I am very happy to be in an environment like biggerpockets and would someday mett some of you guys and possibly go in on deals with some of you also. So again hello and its a pleasure.

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Investor · Madison, CT · Member since 2014 · 710 posts · 458 votes
9y

@Derek L. - there are dozens of "right" directions people could point you in. What are you looking to do?

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  • Investor · Madison, CT · Member since 2014 · 710 posts · 458 votes
    9y

    @Derek L. - there are dozens of "right" directions people could point you in. What are you looking to do?

  • Paul AmegatcherPro Member
    Rental Property Investor · Brookville, OH · Member since 2016 · 488 posts · 363 votes
    9y

    Welcome to BP.  Start by reading the following guide: http://www.biggerpockets.com/renewsblog/2015/01/31...

    You should also start listening to the podcasts.  There is a bunch of information on this site.  Feel free to ask questions if you get overwhelmed with all the info.  Good luck.

  • Philadelphia, PA · Member since 2016 · 8 posts · 1 vote
    9y

    I know for a fact that i want to start wholesaling and i took the initiative to go get my LLC. i would like to know:

    1. Where can I get my hands on purchase agreement and assignment contracts.

    2.  How can I find a good local lawyer and title company.

    3. If anybody on here is from philadelphia and looking for a young grasshoppa to mentor.

    4. Just some sense of direction in general.

  • Paul AmegatcherPro Member
    Rental Property Investor · Brookville, OH · Member since 2016 · 488 posts · 363 votes
    9y
    Originally posted by @Derek L.:

    I know for a fact that i want to start wholesaling and i took the initiative to go get my LLC. i would like to know:

    1. Where can I get my hands on purchase agreement and assignment contracts.

    2.  How can I find a good local lawyer and title company.

    3. If anybody on here is from philadelphia and looking for a young grasshoppa to mentor.

    4. Just some sense of direction in general.

     Here is a link for contracts: https://www.biggerpockets.com/files

    You need to start going to your local real estate meetups and REIA meetings so you can Network with other Investors. You may meet a lawyer and a mentor at those meetings.

    Paul

  • Philadelphia, PA · Member since 2016 · 8 posts · 1 vote
    9y

    Thank you very much. I will do as you suggested and I will update you guys on my journey. If anyone has anymore advice or info please feel free to let me know. Thank you.

  • Investor · Madison, CT · Member since 2014 · 710 posts · 458 votes
    9y

    @John Thedford got a live one for you ^^

  • Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    9y

    @Kevin Siedlecki

    OK in all fairness to this guy he is new. So, @Derek L. there is a lot of work to do before you jump in. So, you want to start writing contracts? Do you have the money to close? If not, doesn't that seem like a barrier? I HIGHLY suggest getting an education before you start. 

    If you have been led to believe your current track will produce quick and high dollars, I encourage you to pose the question to other members about their success. 

  • Philadelphia, PA · Member since 2016 · 8 posts · 1 vote
    9y

    i dont have much cash but i do have something saved up. I've been on youtube and I've been reading what i could find and thats how I came to wholesaling. I've decided to just focus on that and move on when necessary. I've been listening to BP podcasts for a coulpe months now and thats how I heard of the community. I am 100% confident that I can step up and do what it takes but at the same time i dont really have anybody to tell me if im doing anything right or wrong. Sometimes you need that other voice to assure you that you take taking the right steps and precautions.

  • Philadelphia, PA · Member since 2016 · 101 posts · 35 votes
    9y

    Welcome to BP, I am not a wholesaler myself but would love to connect, happy to have you in the Philly Market!

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