All Forum Posts by: Benjamin Blackburn

Hello everyone,

I just wanted to throw my situation out there for others to read and possibly give me some tips or advice on what they would do.

My ultimate goal is to have rental properties that cover my monthly needs and to become financially free. I have a wife and 2 kids and we recently (4 months ago) purchased our first home with a conventional loan.

I started wholesaling about 8 months ago and have 2 wholesale deals under my belt. Prior to wholesaling I purchased 3 vacant lots that I'm currently financing out to three people for $300 a month each. But Of course those will all be paid for soon and the passive income will stop coming in. I'm wanting to acquire my first rental property as soon as possible and just not sure which route I should take. My plan is to wholesale more deals and save up enough capital to purchase my first one. Is that an ok plan? Should I try and get another loan for an investment property? I've also been looking into BRRRR… Maybe I'm suffering from the shiny object syndrome, Yikes!!!

I’m not a Dr. or big corporate guy making 6 figures either. I’m just an average guy with a decent income that allows my family and I to live comfortably. I hate being comfortable though, so that’s why I’m so hungry for success and want to take my investing to a whole other level.

Any advice would be highly appreciated. If you are in the Houston area and would like to talk more in depth about things I’m always open to buy someone lunch/coffee/beer so feel free to reach out.

Thanks,

Ben

Hello everyone,

I'm curious on what kind of value a wholesaler can give to a property manager.  I feel like PM's come across a lot of off market properties and if I could build a relationship with a few, then maybe a deal or two might come out of it.

Thanks,

Happy Holidays

@Steve Vaughan and @Patsy Waldron thank you very much for that info.  I will look into that document and learn more about it.  Have a great evening

Hello BP,

I’m a wholesaler down here I Houston and I have a question about a possible seller finance deal that has come up. My ultimate goal is to have cash flowing rentals and I feel like this might be a good opportunity. I’m wanting to know what all is needed to make the deal legit. The seller has a property that he’s willing to seller finance with me with no interest at all. Said that I could put a 5k down payment and pay $300 monthly until the balance is satisfied.

What all is needed to make sure that he can’t just run off in the future and me not have ownership of property? Do I need to be added to the deed? Is there a seller finance contract that needs to be signed and filed with the county or anything?

Any advice would be highly appreciated. Thanks

I say just keep it super simple like all of the other successful social media platforms (FB,IG, Twitter) and have followers & following. That way people don't have to "think" when looking at their dashboard.

I 100% agree with you @Sam T. 

Thanks a lot for that valuable information!

Have a great day.

@Enrique Robles thanks  a lot man.

@Demi Reid thank you kindly!

Absolutely! Thanks a lot @Brett Snodgrass

Hey @Francisco Lopez Glad i can give your journey hope.  It will happen if you continue to push.  Have a great day!

Thank you all very so much!  It means a lot!