All Forum Posts by: Anthony Sarrouf

Hello!

I will be cold calling + mailing to recently divorced leads in my city, and am wondering if there is anything I should look out for.
I will not bring up the divorce situation at all, and act as if I am just calling to ask if they would consider a cash offer on their property since I buy in their neighborhood.

I did hear couple stories where other investors had issues dealing with recently divorced leads where one of the partners is unreachable, which leads to failure of selling the property. I am not exactly sure how the process of divorce works in detail, which is preventing me from coming up with more specific questions about what to ask for, like:
-what to make sure is already done in terms of paperwork
-has a lawyer been involved or not (I'm assuming yes, otherwise I won't be getting leads)
-how different it is from other types of leads in terms of process and selling the home
-etc...

Any help from someone who has dealt with recently divorced leads is greatly appreciated.

Robert Ellis and Michael Hamby,

Thank you for your valuable inputs!

I will definitely look into getting that license online as you both mentioned. 

I'm glad I am getting your advices on the legality of it, I will need to study this further, but won't the license allow me to do anything a broker can do? In other words, won't wholesaling be much easier in terms of what to write and not to write on contracts if I hold the license?

Hello!

So this is my first post at biggerpockets, and the first time I'm asking anyone about real estate in general. I am less than two month away from finishing my Industrial and Systems Engineering  undergrad degree from Ohio State University, and have done several attempts to "make money" on the side. My most recent one was car flipping, with intentions to save up some money to start with wholesaling.
I don't see myself being employed and work as an engineer. I have had some engineering experience, but I know that engineering will not lead me to be financially "free". My brother and I and teaming up to learn more about wholesaling (and other real estate topics), and are serious about dedicating our whole time to real estate in general. We spent some time on biggerpockets, read some guides, posts, threads, and have many questions to ask, so any help from you guys would be very appreciated.

1) I am thinking about purchasing a course. I have already read about the waste of money in investing in one of those (Steve Cook's Wholesaling 2.0 and Vena Jones Cox's Wholesaling course), but I think that I can learn a lot in a short amount of time, but please feel free to prove me wrong. I am convinced that biggerpockets has a ton of information and almost everything I need to start, but won't the course save me time?

2) Since I'm in Ohio, I read about a lot of legal issues regarding wholesaling, but as far as I know, it actually is perfectly legal if done properly. Is there any other source for finding a definite answer and some guidance on how to set up contracts than the forums or attorneys?

3) I thought about getting a broker license anyways since the community college in downtown Columbus offers the 4 courses required for the state licensing exam (Real Estate Principles and Practices, Real Estate Finance, Real Estate Law, Real Estate Appraisal), and I can do them online over the summer or in Fall of 2019 online/in class. What do you think? Is it worth it? My intentions are to start with wholesaling and possibly shifting into other real estate opportunities that require more financial investments. 

4) I checked out the REIA webpage for central Ohio, and am planning to go to some events to learn more about this topic and meet other people in the same field. I found other associations on meetup, any feedback/suggestions about those? Here's the list:

-Central Ohio Real Estate Entrepreneurs Association

-Real Estate Investor Networking Opp

- Business Real Estate Mastermind

-Newbie Real Estate Investors Meetup

-Real Estate Investing/ Real Deal Columbus, OH

-Columbus Real Estate Investors Association ColumbusREIA.com

I am really serious about dedicating my full time to this, and my goal is to flip a deal by July 2019. I have no plan B and don't want one (like finding an engineering job...), and this is what I want to do! Any advice will help, and am looking forward to hopefully meet one of you in Columbus soon!

PS: Brandon Sturgill, I have noticed that you discussed the legality of wholesaling in Ohio 3 years ago on a topic here with Keith Vinson.

Do you guys have any additional comments to do about this topic (or any other topic of course) now that a good time has past? I am not sure if any laws have changed since then.