All Forum Posts by: Ben G.

Congrats on getting your license.  I keep putting it off, but I know that there are major benefits to having a license.  Are you going to focus on being a listing agent or buyers agent?  Or are you going to focus on flipping, or wholesaling?  Anxious to hear how it all evolves for you!

I've wholesaled them multiple properties.  They fix them up and then sell them turnkey. 

They are honest and easy to work with.  They also manage the properties they sell, not all turnkey companies can say that. Therefore, it's in their best interest to sell you something thats going to perform.

Here is a link to a great article in the Indianapolis Business Journal that reveals what is driving Indianapolis's real estate sector that outpace the cities Midwestern counterparts:

http://www.ibj.com/articles/52119-strong-local-economy-driving-real-estate-sectors

"The job growth also is helping drive the huge surge in downtown apartment construction, as millennials enter the rental market. The number of apartment units (4,200) that came on line last year downtown equaled the entire amount built throughout the rest of the metro area."

“But I’m optimistic about downtown,” he said. “It’s undergoing rapid change, a renaissance.”

There's a huge opportunity for investors to snatch up some of these multifamily and single family residences in these neighborhoods in and around the downtown area.  

@Allison Karrels I highly recommend working with someone on the ground in the market you are interested in investing in.  They will be invaluable to you if you are investing out of state. In Indianapolis the market varies street by street. 

@Rodney Kuhl unfortunately that is not an option, although that would be nice if it was!

@Ethan Simcox 

@Shawn Holsapple says, "With that said, I always tell new comers to at least get one small rehab under their belt no matter what strategy they are going to do in the future.

IMHO - I would buy a $20k-$30k REO built after 1945 and fix it up to rent ready status and then offer it as a turn key or rent ready property to a fellow BP member and list it on the MLS.

Even if you break even, the education you get is well worth the effort and you will be so far ahead of the average new investor."

I will have one of these Indianapolis rehab projects available soon, and I know @Shawn Holsapple  is going to tell me to fix it up to rent ready myself, but I'm focused on wholesaling great deals to investors such as yourself.  Actually this house is already rent ready!  So I'm instead going to sell it, maybe this could be a good project for you? 

I'll eventually do a fix up on my own, but right now I'm trying to fall in love with mastering the wholesaling business!

@Bill Manassero are you wanting to buy something Turnkey, or are you looking to save and have even more equity by purchasing through a wholesaler? There are advantages and disadvantages to both.  

@Samantha Bradshaw BP has everything you need to learn.  People on here are more than willing to answer your questions.  Do like I did and invest a small amount of money into marketing.  Maybe $1,000 then see if you enjoy screening sellers, and making offers. 

@Jason L. hard to hit a homer at your first ever at bat, but I think you'll be just fine.  Sounds like you did some great due diligence and that you're always looking to improve. 

A reason that most people don't use wholesalers is because they don't have the expertise, knowledge, or patience needed to rehab the houses that wholesalers sell.  

As a wholesaler, I'd love to sell direct to the end buyer, but they never want to take on the rehab.