All Forum Posts by: Ashley Burks

Hello! I currently work with a contractor to estimate home repairs. I pay him $40 and he tells me what needs work on the property. However, I would like to start doing this myself because I make a lot of offers. Any tips and ideas on how to estimate home repairs accurately (or as close to accurately as possible)? Maybe some books?

2 Votes

Originally posted by @Justin Hutchins:

So I have been trying to find wholesale deals a little different way, although I haven't had any success yet, but I have been driving prospective neighborhoods and finding vacant properties and i use the LandGlide app to find the owner and flip over to the Whitpages app and get their number. What are your thoughts on finding prospects this way?

I have been doing the same thing without the phone calls. No luck... yet (fingers crossed).

1 Vote

I know, sounds silly! I want to purchase a rental property (4 units) without actually tending to the day-to-day responsibilities. I don't know much about property maintenance (cutting grass, gutters, appliance issues and etc...). I don't currently own a home so this would be an entirely new experience for me (I want the first property I purchase to be an investment property).

Another investor told me to use a management company to manage the property. What are you thoughts on this? Do I need to have handy-man skills in order to own a rental property?

Any thoughts, insight, and advice would be helpful! :-)

0 Votes

Originally posted by @Gail Govednik:

Comparison is the biggest Joy stealer. Everyone's journey is different consistent effort every single day is going to yield results . Trust the laws for every action there is a reaction. If your patient your work well not be in vain. Can someone explain to me why people are in such a rush to do their first deal? I hear this a lot... it's going to happen why get in such a panic about it happening so fast? What's with the get rich quick microwave mentality?

Great question. I don't sense a rush for a deal but definitely a rush for assurance. It's great to know what experiences are normal. Your wisdom was well received.

0 Votes

Originally posted by @Ryan H. Joseph:

@Ashley Burks I love where your head is at. I've also considered this route. Seems like a sure fire way of finding motivated situations.

I think finding out who the best attorneys for this (bankruptcy, divorce, etc.) are in the area and then getting your name and number worked into their minds would be the best bet. Probably sending a couple pieces of marketing materials to them (over a month or two) and then calling would be how I'd get started. If you have a low budget maybe just start smiling and dialing.

Please let me know if you have a different approach.

Sounds like a good idea!

If anyone has experience in this arena please let me know! I'm hoping to learn about best practices and lessons learned.

0 Votes

Any recommendations on working with probate attorneys? Or finding people going through divorce, bankruptcy, probates, wills and etc...

0 Votes

Originally posted by @Aurelia Cuilan:

@Ashley Burks have you tried driving for dollars?

My concern is marketing. If I find the right address what should I do next?.. mail.. phone call.. both?

0 Votes

Originally posted by @Emma Bennett:

Thanks so y’all for the advice..I’m sure I’ll be back for more :)

Awesome!

0 Votes

Originally posted by @Shawn Ackerman:

@Ashley Burks when i started investing I never intended to wholesale property. I started as an OOS investor first, so 18 months to build my OOS team, then through circumstance(running out of money) learned that I can offload my personally sourced deals to investors. Took about 3 months to close the first one. We mostly do tax delinquent leads and skip trace through been verified(really cheap way to skip trace).

Good to know! What is OOS btw?

1 Vote

Originally posted by @Emma Bennett:

Hi all,

I am very new to Wholesling as well and am spending a fair amount on marketing. My big question is ..once I get a seller, what next? Do I get a contract with n assignment clause from an informed atty, do I figure out cost of rehab, do a title search or tank sweep for the potential buyer?? Please help, I have to admit I am overwhelmed by all of the moving parts, but I know I have the tenacity and follow through to make this happen.

TIA

Emma

Good luck, Emma! I'm going through the same thing!

0 Votes

All Forum Posts by: Ashley Burks

Ashley Burks has started 3 posts and replied 13 times.

Post: Estimating Repair Costs: Tips and Tricks

Post: How long did it take you to get your first deal?

Post: Can you own a rental without actually being a lanlord?

Post: How long did it take you to get your first deal?

Post: How long did it take you to get your first deal?

Post: How long did it take you to get your first deal?

Post: How long did it take you to get your first deal?

Post: How long did it take you to get your first deal?

Post: How long did it take you to get your first deal?

Post: How long did it take you to get your first deal?