All Forum Posts by: Briannan Burns

What's holding me back from truly investing (i.e., purchasing fix & flips, or rental properties), is money & debt. 

So, in an effort to build up enough money to begin truly investing, I plan on starting wholesaling in hopes of helping to payoff my debt, as well as begin saving to purchase property.

However, I've run into a sort of analysis paralysis when it comes to wholesaling, and because I'm a perfectionist, I feel as though I need to have everything perfectly in order. I know that I'm a hands-on learner, so in order to feel 100% comfortable I need to just jump in & start, and just like anything else, it takes practice & consistency to learn, but I guess since REI is something that isn't as readily accepted or taught, the fear of it all just seems to be overwhelming sometimes.

Hi, Oliver! 

I'm located in the Birmingham area & would love to keep in touch with you, in the future. Unfortunately, I won't be able to meetup this weekend, but I'd be more than happy to keep in touch & network. I'm new to REI, so I may be limited in my offerings lol but I love to learn & would love to help you in any way that I can!

From failure comes growth & lessons learned. Embrace the fact that yes, you may make mistakes, but from those mistakes you will learn better tactics & how to better handle whatever situations you may currently have issues with. 

If you look at failure as inevitable and destructible, you will be destined to fail & quit; however, if you look at failure as inevitable and an opportunity to grow, you will do so.

Do as much to prepare yourself beforehand as possible. Such as, 

1. Learn your market(s): try to learn what zip codes are desirable. What typical ARV's are within that area, so you have an idea as to what typical decent offers are, etc.

1. (This is total personal preference, but..) Network beforehand, so that when you do get your contract signed, you won't be as concerned about not finding a buyer. If you have at least a few people who you know are interested in buying certain properties, you can at least show them. If they happen to not be interested, maybe they know someone who is. In my opinion, I feel like getting at least a small list together before would be more beneficial, because I would personally feel less stressed about the deal falling through. (And if the deal DOES fall through, that's okay, too! Plenty more will come & you'll be better prepared and know what to expect, next time!)

1. Be receptive to your seller's needs, as well as your buyer's. Remember that you want the deal, but also remember that you're working to connect a seller & buyer. Remember that, dependent upon your target leads- i.e., probate, tax liens, or even just people looking to sell for personal reasons, maybe health issues or even just relocating, seller's may be stressed. Don't take things personally and always keep a positive attitude

Those are things that I'm personally working on to help build my REI career, so hopefully they can help you feel a little better, as well. Good luck & don't give up!

Hi, Brittany!

I'm Briannan and I'm from Birmingham, AL. I'm new to REI, as well & am starting out focusing on Wholesaling, but would eventually like to get into fix & flip and renting. I have no prior knowledge with real estate, but I've learned that there are so many different options that I never knew existed. I'm super excited to get started and more involved. Good luck on your endeavors!

Just think of the money you're offering them. At the end of the deal, they will have an excess of money that they didn't have before. This additional money could be beneficial to helping them get out of debt, purchasing something else they need, get them out of situations they no longer want to deal with (i.e., properties they have to put more money into to fix, properties they've inherited but don't want or don't have time for), and/or getting them out of spending excess money on repairs they can't afford or just don't want to pay into.

Hi, @Frank Spitznagel! I'd be more than happy to discuss your buying criteria for wholesaling. so I'm open for specifics!