All Forum Posts by: Chandler Williams

Hey investors!

I'm a total newbie, so bare with me here. But I've read a few books this past year on various real estate investment strategies. I've been analyzing deals all over the country for the past month or so.
I've also been saving up some cash over time and have been trying to decide the best way to use it.

But I guess you could say I'm in a state of analysis paralysis LOL.

I know $10,000 isn't a lot of cash to work with, but I wanted to challenge the minds of some seasoned veterans here and ask what they would do if they only have $10,000 to invest starting out.

Since I don't own a home yet, I'm leaning toward a house hack with a 5-10k downpayment to get started. That strategy seems most feasible for me. However, I'm curious to see what others would do if they were in my situation.

Thoughts? or creative possibilities?

I look forward to reading your responses.

Thank you for your response Jerryll, I really appreciate the help.

Do you have any recommendations for learning how wholesale contracts work and learning more about the wholesaling process?

Hey guys,

This might be a super basic question, I'm still very new to wholesaling.

I've been a Utah realtor for two years now and a beginner investor. My buddy and I have been finding wholesale deals and are in the process of starting a new wholesaling business.

The one thing I am unsure about is how earnest money works when you have yet to find a willing buyer to assign the contract to?

Does EM still have to be delivered in 3-4 days? And if we don't have an actual buyer in that timeframe, does the EM have to come out of our pocket?

Is the normal practice in wholesaling to analyze a deal -> find a buyer -> then offer the price to the seller and form agreement? Or find a deal first then market it to buyers, then offer on the house and create an agreement with the seller & buyer?

What is the standard process from start to finish so we can eliminate as much risk as possible?

Is it better to have a willing seller and buyer before sending the initial purchase/sale agreement? or should we get the seller to agree first and then find a buyer?

Hope this makes sense