All Forum Posts by: Brian Drawdy

I live in a small county in Georgia. There are two vacant smaller subdivisions/properties with utilities already in place, in an area that has been growing exponentially since the 2000's. They have been vacant here for years and since I am new to REI, I wouldn't know where to begin to try and market them, or who to market to. Would it be a good idea to try and do something with them? Should I seek someone who is ambitious or savvy to help me with the potential deals? Apparently, investors in my area aren't trying to pursue such an ambitious venture. Any comments or help would be greatly appreciated. Thanks!

You're the bomb girl @ Nikki Robinson! Keep it up and keep in touch to let me know how things pan out! I'm sure you'll do great! Thanks for the input!

Thank you @Erik K. and @Russell Ponce, I am learning a great deal, and I can't thank you all enough for your valuable input.

Thank you @Erik K. and @Russell Ponce, I am learning a grwat deal, and I can't thank you all enough for your valuable input.

Thank you @Mark Brogan,  I intend to follow this path, and make correct decisions out of the starting gate! Thank you for the input!

Thank you @Bill Gulley!  I was unaware of Joel Owens' posts, but I will check them out. I had contacted a lady in town about taking her RE course, and I know it would be very beneficial to know the basics of RE.  It should be something I can do relatively quickly, but from what I understand, I may need to work under a realtor for a period of time after passing the exam, is this fact?  I will plan on taking her course when I get home.  I would feel more comfortable having a license anyways, but I have read other places that it's not necessary.  I didn't realize that Georgia residents were required to have a RE license to wholesale properties.  You learn something new everyday!  Thanks again! 

Thanks @Raechelle Carroll for the information.  To be honest, I think that's a great idea to work with this contactor.  My only problem is I dont know if I can even assign a contract in my town?  I'm a complete and utter noob.  Is assigning a contract a normal thing done at closing attorney offices, or is this a situation where I have to find an "investor friendly" closer?  I would feel much more comfortable getting my feet wet in my town as I know the area very well, but branching out would be in my future after making some connections and I learn the ropes a little. Thanks again for the input!

Thanks for the information @Nathan Paisley. I just wish I understood exactly what the HUD angle is? I purchased some software from Kent Clothier to find cash buyers which will help me get in touch with them. Unfortunately the majority of these buyer only have 1 property according to the software. Please explain if you have a few. Thanks again!

@Javier Osuna, I'm new to this whole thing, but from what I have been reading, it's really up to you.  What do you want to get if they do back out of the deal which creates more pressure for you to find a buyer more quickly?  I've heard a standard is usually no less than $1000 and as high as $5000.  If your end buyer is serious about the deal and is an actual player, the amount won't really matter because they plan to go through with it anyways.  However, you don't want to seem abrasive, so keep it reasonable, things do happen sometimes.  Just my opinion.  I look forward to seeing more experienced answers.  Good luck!

Hello all!  So, here's my deal... This is my first post on BP, and I appreciate any and all involvement and comments.  This may be a bit winded, but I will try and cut right to the chase.  First and foremost, I am a newbie and obviously I'm looking to start wholesaling deals.  I've been reading posts and blogs, listening to podcasts, and reading everything I can get my hands on to educate myself.  I feel like I have a pretty good handle on my marketing strategy, and I'm beginning to put my systems in place (ie: 800 numbers, websites, telemarketing, newsletters, etc.).  My big "scary" problem, the 800lb. elephant in the room is such...  I have no idea if there are any wholesalers in my area!  I see bandit signs all over the place advertising the weekend yard sales and moving sales, but never a single property or "I buy ugly houses"sign.  I have searched BP for wholesalers in my town with no success.  I have two contacts to begin building relationships with and start networking.  The realtor who facilitated the purchase of my house, and the rehabber who fixed it up.  I have yet to speak with them however, because I work in the Gulf of Mexico in the oil and gas industry.  And as the price of this particular resource continues to plummet, I envision a new path for myself and my family. So, with that being said, and the former being written, either I am in an awesome market with tons of potential to create a successful business, or I am setting myself up for disaster because of things unknown to me.  I live in St.Marys, Georgia 31558.  This is just north of Jacksonville, Florida and just south of Brunswick, Georgia's Golden Isles.  If anyone has information about this area, and any tips for this beginner, please feel free to share!  I'm beginning to think it's "illegal" to wholesale properties here, or I fear I will need a broker's license, which is a cost obligation that is out of my reach.  Thank you for your time and for reading this "book" of a post from a newbie.  I look forward to and replies!  Quick shout out to Bigger Pockets!  I love the material, content, members and ability to learn from such knowledgeable people. Thanks again!

Brian