All Forum Posts by: Bruce Alston

As Wholesaler & Investor for 19 years , one of the first rules is not to Prospect for deals without Money$$"

I have taught mentees in the beginning build your buyer's list 1st..Not an email list, but Investors list that gives you insight on the areas, pricing, that their Investors are interested in...it's better to go shopping with a list and the potential to have someone to pay for the groceries, than shopping blindly without any potential buyer and hoping they like what you put in the grocery cart

Never go shopping for Groceries without Money.

If you are Wholesaling correctly you should already have at least 10 investors,  You have as buyer prospects.

Send me an inbox

If you are not Wholesaling..Why are you following the Wholesaling route.

1. The foundation of Real Investing Plan should always be the same.

2. Wholesaling or BRRRR serve as your exit strategies within real estate investing.

3. You found a seller, the questions you should be asking since you are building portfolio: 

1. Have an understanding of the Comps in the Area, As Is Comps & ARV Comps

2. Inspect the house initially with a contractor or handyman to estimate repairs 

3. Based on 1 & 2, submit an offer that fits your investing model..

4. If offer accepted make sure your contract has inspection contingencies and mortgage clause, even if you are paying cash have a mortgage created and charge yourself interest 

5. Anything further I will have to charge you.lol

- R/E Wholesaling & Investing Principles

The mistake people make when trying to become a Real Estate Wholesalers & Investor, is they become literally brainwashed with the ideas of owning multiple properties, living a life of leisure, or believing success will happen overnight in this business.

There are few things I want you to realize if your goal is to become an Investor/Wholesaler.

1. Focus on Networking

2. Don't get discouraged

3. Have an understanding of the real estate market in the area you wish to invest is a must.

4. Don't go shopping without money or list of potential investors.

5. Continuously Network.

6. Do not pay for Real Estate Training from Guru's who sell programs and are not active Investors/Wholesalers.

7. Be Transparent Always...Most teach deceptive measures when You are mentored or coached CORRECTLY. You can conduct business with ethics.

8. Set Realistic Goals...It's not likely you're going to make 50k plus on your first deal

.9. Be Prepared to Sacrifice.

10. Treat Investing/Wholesaling like a Business Not a Part Time Hustle.

The Golden Rule

Do The Work ..The Money 💰 will follow.

Sincerely

1200 deals & counting since 2003

New Jersey is state that allows title companies to be used 

I

I recommend the following:

Find Buyers before Seller's

Don't go shopping for groceries(houses) without money..

I have been wholesaler since 2003, and have mentored many the critical errors are made in the beginning.. 

1. wholesaling is a tool to liquidate a property, learn how to become real estate investor. 

2. Transparency is key when dealing with sellers & buyers.

3.  it's not easy You are building a business.

if they have recently been purchase, use that as your ARV comp, then apply 65/70% rule