All Forum Posts by: Bryan Blankenship

Plenty of wholesalers and realtors doing stupid stuff like this that will eventually lead to wholesaling being banned or HEAVILY regulated.

Regulations here in Ohio are already way tighter than they used to be.  The REAL players have to deal with new nonsense and new "players" in town that make everyone's business' harder to operate than usual.

Hey, maybe something like a recession that may or may not be coming will wipe out all these "players" 🙂

You need to find someone who has done "it" before.  These posts are going to attract people who see you as a big bag of money... you need to find someone you can trust 100%.

Yes, real estate is a great spot to put your money so you're on the right track so far.  🙂

Hey there Clement, welcome to the area.

I will connect you to one of my guys whenever you're ready to get started.  Just shoot me a DM.

Zillow is like the weather forecast... maybe it will rain tomorrow maybe it won't.

You can only use it for recently sold and then you have to analyze the square footage, DOM, and how "like" it is to the rest of the neighborhood... does the house have a garage and is that the norm for the neighborhood etc.  

Lots of other stuff but take what I said and go with it.

A lot of smart folks here recommending Cincinnati!  

I am the owner of the largest REI firm here in southwest Ohio and I'd be more than happy to help if you choose to invest here. 🙂

@Daniel Benyamin

Not everyone is as lucky as me when it comes to living in an area where it's easy to enter the market.

I've made it a long way in this business and I still wouldn't invest in those markets (New York, California, Chicago, etc.) because the policy makers make it harder for investors to conduct their business and they attack the bottom line.

Go OOS where you can purchase more properties for the same amount of capital.

Flip this and use that cash for a property that will cash flow.  

Your profit here is great, don't throw away a deal just because it's not perfect.

Cash and Debt are the only two ways to scale a portfolio quickly.

Not every deal has to be a home run, especially if you're able to move in and out of the deal relatively quickly... like a flip or wholesale.

Someone will make money here if you don't.

@Luis De Jesus

This is a state-by-state case as there are different laws on how one can market property.

If you are marketing a property and you don't have the title then you can be viewed as brokering real estate without a license.  A lot of wholesalers risk getting in legal trouble if they are not prudent with state laws.  

Depending on the state, this is either a misdemeanor or a felony... and the misdemeanor states scale to a felony offense after the first incident. 

I have acquired properties in my area by telling sellers verbatim that they are selling to a wholesaler who is actively breaking the law. 

Invest in more affordable markets.  You can work around both of those issues by choosing a market that's not well, say, Detroit LOL.

Ohio is right next door and they are much friendlier to landlords/business, more affordable, and they operate at the 1% rule in most markets.

Sometimes it's better to get rid of the problem than to try to solve it.  Like what @Andrew Bang said... you're risking being a slum lord and low appreciation, which also gives you liquidity issue. (going to require a TON of advil)

@Lakisha Fulmore

Go ahead and send me a DM with your info and I will be sure to share with him! 🙂