All Forum Posts by: Anson Young

 Alec, AWESOME!  Congrats on your first home and good luck on your investing journey!

 Anytime, friend!  

Cameron, You live in a HUGE market currently, where are you looking that the grass looks greener to virtually wholesale in?

Quincy,

Sounds like you are ready to take some massive action!!  There are many ways to get creative in real estate for sure.  Here are some suggestions:
1. Get good at finding properties - wholesale a few to get a down payment.  Use your new superpowers to find awesome rentals. (do this step anyways, deal finding is fundamental)

2. Partner with another investor, someone with money but little time, and use your deal finding abilities to bring deals to the table

3. Partner with a family member/friend who believes in you and will lend you some startup funds

4. Find sellers who want to do some creative financing, cut out the hard money lender and let the seller be the bank

Of COURSE these arent as easy as they sound, but with consistency and persistence, you got this.

Ashley, 

ABSOLUTELY keep them separate.  I have an entity for holds, one for fix and flips, one for wholesaling and one for my agency.

 Sounds like a plan.  Depending on what is popular in your area, at that price point I'd get a good quality laminate countertop.  They are so good these days, you cant tell its NOT stone until you touch it and its not cold!  

 Got it, your numbers are a little more forgiving, then.

Still, make sure you understand the extent of what you are getting into 100%, $30k discount might not be enough.

This is gonna be awesome!

Kalyan, 

A wholesaler is an investor who finds deals.  They then pass those deals on to another investor at a markup, like a middleman.  They find the deal, and if you buy from them you get a deal.  

For example:
Bob the wholesaler finds a seller who is looking to sell for $100,000.  He knows this is a deal because Bob is a good wholesaler.  He finds Kaylan who is looking for a fix and flip, and sells Kaylan the property for $110,000.  The seller would get their $100,000, Bob would get $10,000 and Kaylan would get a property at a good price that they can flip.

Finding wholesalers?  Well, BP has a LOT of investors active here, try searching your city and "WHOLESALER" here on BP to find a few.  Also, go out to local real estate investing meetups and start networking with other investors.  Finding the top 5-10 wholesalers in town shouldnt be too hard if you do those two things.

Is this for a rental or househack or flip or ? 

If the numbers work for the property for the first two, great!