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Updated about 7 years ago on . Most recent reply

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6
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Mike Schultz
  • Oakland, CA
5
Votes |
6
Posts

I'm new to wholesaling but I've taken action. Two questions!

Mike Schultz
  • Oakland, CA
Posted

Hello everyone! Happy to finally be on Bigger Pockets publicly. I'm a long time lurker, you could say. 

Why I'm here:

I've been passively interested in real estate investing for some time now and have finally hit a point in my life that I need to take action towards my goals or I may never do so. As I said in my title, I've taken action. I've started sending mailers out to qualified leads recently with full intensions of going through with a sound deal if it comes about. 

Questions:

1. I want to know I have someone to reach out to if a deal makes sense. Ultimately, I need someone who invests in the Bay Area. Or even several people, which I'm sure will come with a solid deal so I'm not asking for that necessarily.. But more importantly, I need to know what numbers make sense so I don't waste their time as well. Is there anyone out there gracious enough to connect with me and inform me on some examples of desirable deals I should be looking for?

2 (3 and 4?). Drilling down a bit.. I've done enough research to know the mile high process around wholesaling real estate and negotiating to reach my MAO. The problem is: Once I actually have the deal, the desired purchase price and a cash buyer interested, what next? How do I approach a title company with this situation? How will things go on the day of signing? Am I even there or is it just the cash buyer and seller? Probably pretty basic questions, I know.

Thanks for reading! I appreciate any and all insight offered. 

Most Popular Reply

User Stats

6
Posts
5
Votes
Mike Schultz
  • Oakland, CA
5
Votes |
6
Posts
Mike Schultz
  • Oakland, CA
Replied

@Ray Lai Thank you for the informative answers Ray! Part of what embodies BP to me is people helping people and you've displayed that. I'm very interested in splitting profits with someone that's head and shoulders more experienced than me. That's the dream. I'll stay in contact and thanks again!

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