All Forum Posts by: Ben Haridim

@Felipe Torrez what do you mean??

Hey BP, the other day I was listening to the bp podcast feat. Michael Quarles and he said something that really struck me. Something along the lines of," after giving my usual offer (low-ball offer that all wholesalers give), 80% of the time I'm told f you, no!".I thought to myself in curiosity, Why? It must be that people want to milk as much money as possible from their property and an offer 30-20% below market value will not make the cut. With that said, why don't wholesalers become brokers and sell 80% of their leads on the MLS and the other 20% of their more motivated leads for cash (the traditional wholesaling way) as a secondary service? This way, absolutely no one they come in contact that is genuinely interested in selling their property will slip through the cracks. Am I missing something?? Or am I enlightening a new dynamic in wholesaling??

LET ME KNOW, BEN

@Robert J. I love it man.

Thanks

@Trey Burns I understand 100%.

However, I only want to enter the single family rehab space to build up my personal capital, as the money I have now is only a loan. I then want to enter the commercial real estate space to build up my portfolio for the long term.

Thanks for taking time out of your day to comment on my post in the first place.

Thanks ---Ben

@Greg Dickerson thanks for your time man. Appreciate the advise.

Hey bp, no ********t, my dad is willing to lend me up to 350k cash to help me start my career as a real estate entrepenuer. I personally am interested in starting out as house flipper to build up personal capital. However statistically, I live in the top ten worst cities to flip homes (Los Angeles).My question is, I would love to know where the Bp professionals believe my 350k can go the furthest in a three to four year span. Please don't advise to me any long term commercial investments.

Thanks---Ben

@Spencer Cornelia thank you so much taking time out of your day to answer my question. I’ll will 1000% take into account everything you said into my life. Do you yourself flip homes out in Vegas?

I’m 19 years old and looking into house flipping. The problem is, I have no money myself, I have no connections to people that would lend me money, and I live in an extremely expensive and competitive area (west Los Angeles) virtually making me feel like I’ll never succeed in any real estate strategy. So the real question I have is where the hell do I start to get the ball rolling?

@Greg Dickerson thanks for the help. what do you mean by “free rent and “TI money”.

I’ve been searching for properties to invest in and like many, I have come across low occupancy rates. Wether it would be in retail or an apartment, the proforma (100% occupancy) would yield amazing cash flow and especially in retail, would sell for substantially more than purchased (once filled). Does anyone specialize in filling vacant commercial properties and has any strategies you can share to an aspiring commercial ”flipper”.

Thanks, Ben