All Forum Posts by: Adrienne Bryson

Yeah if your house is nice enough to sell on the open market you have no use for investors and therefore no motivation to sell to investors.

The zestimate is a crap shoot. Redfin is better. You could browse them and other sites like trulia or realtor.com to get a ballpark estimate for ARV. You could also do your own research on similar houses that recently sold in the neighborhood.

Or better yet have a realtor run comps.

As for contractors, you can have them go through the house and bid on the project to get an idea of the cost before hiring one. I'd also recommend J Scott's books.

Wow... Sometimes you just don't know who people really are.

I'd love to go that route to get started in buy & hold.

It certainly comes in handy for me!

Can I ask, how is wholesaling through contract assignment NOT investing?

In order to get that contract in the first place, a wholesaler has put in time - in searching, letter writing, driving, qualifying leads, negotiating, checking out properties, etc, which can take months or even years - as well as money - for books, classes, lists, even hundreds of dollars on stamps - and for people like me that DON'T have thousands and thousands of dollars to blow, that's a lot! I'm taking time and energy and money away from my own family to put into getting leads, for other investors, for a relatively small profit.

Putting something in to get more out is investing, plain and simple. Just like putting "sweat equity" into a house for money on the back end is investing.

It's easy to turn your nose up when you "have it like that". I don't. I'm not going to leave anybody high and dry, but contract assignment is the way I can scrape myself off the bottom and get the capital to start really buying for myself.

Call me scum, call me garbage, call me whatever you want. But those that I've helped thank me, and that's what matters to me.

Here's the thing... There are dishonest people EVERYWHERE and in every line of work. But if you told me you wanted to become a teacher, I wouldn't call you scum just because *some* teachers are child molesters. Yeah they're the ones that get all the attention but there are millions of really great teachers that only teach because they love making a difference.

Yeah some wholesalers are dishonest and sneaky and they lie to and cheat their sellers... And from what I've seen those are the ones that are only doing what their $5000 get rich in 30 days class taught them.

The majority of wholesalers I've met, talked to, and seen are like me... I'm young and relatively cash poor, I have a passion for real estate and I love helping people.

I wish I could afford to double close on every house. Maybe if I lived in one of those markets where a "cheap" house is $300k and assignment fees aren't usually lower than $15k... But when I'm faced with an old lady that desperately needs out of her house, am I really supposed to say "Sorry, but since your house is only worth $65k at best and I'll probably only make $2k profit I simply can't afford to help you, ya know because saving money with contract assignment is evil."

@Kevin Phu on my phone I can say "Ok Google" then "make a note" and then say address of whatever house and anything else I want to remember about it, and my phone will put it into text and send it as an e-mail to my synced gmail account.

I hope that answered your question

People can bash if they want to. Truth is most laypeople think all real estate investors are the same and all scammers.

Some people have a superiority complex, but as long as you conduct yourself with integrity there's nothing wrong with investing regardless of which niche you choose.

Welcome! 

Not yet @DeMarrius Payne.  They're always on Thursdays and as I work Mon-Thu I usually end up working late and don't make it :-/