All Forum Posts by: Adam Lewis

@Matthew Olszak@Andrew Johnson@David Dachtera Thank you very much for the feedback! 

Hey BP! Quick clarifying question for a new investor coming closer to making the leap into marketing to find deals (postcards, yellow letters, etc). When you find an off market deal and say you will buy the house for cash, you are obviously a "cash buyer".

My question is, as a "cash buyer", is that literally cash in an account? I am confused by stories of investors marketing and sending out letters to find deals to wholesale to a cash buyer and then buying the property to rent out themselves instead. Does this mean that they simply had the cash on hand? Or is it possible to still be a "cash buyer" if you took out a loan or used private money?

Thanks in advance!

@Michael Henry Thank you very much for the response! Very exciting. Look for a PM from me.

@Shawn Ackerman and @Jason Ireland Thank you for the kind words and advice. I will certainly be wary of the water situation in older Milwaukee homes.

@Marcus Auerbach WOW thank you very much for the detailed advice. I will certainly take that to heart and really make sure I'm adequately prepared for anything I dive into. Without a doubt, I will be PMing you in the future with questions

Hey guys!

This is my first post on BiggerPockets and I couldn't be more excited to immerse myself into the real estate investing world. I moved to Milwaukee about a year ago after graduating from college in Pennsylvania and have been spending a lot of my free time reading, learning, and talking about real estate investing--I'm quickly moving toward making the leap!

To avoid the paralysis that comes with all the options real estate has to offer, I'm fully focused on starting in wholesaling. I'm a team player at heart and am excited to help sellers find solutions to their situations and investors reach their goals. I'm seeking out other investors, realtors, contractors, etc. to connect with, learn from, and build mutually beneficial relationships with. I'm hoping to get a few key questions answered:

1. How are you able to move quickly through the process once you get a lead? Between estimating repair costs and determining ARV, how do you ensure you can make a quick offer?

2. How do you choose which "list" or group to market to? It sounds like the key is just choosing one and making sure you provide a campaign of materials as opposed to a one and done of several lists, but what do you think?

I understand real estate is a team business, a people business--any help in my early stages will be greatly appreciated and will be certainly remembered down the road!

I look forward to hearing from you guys!