All Forum Posts by: Account Closed

@Chaz Reid

Ya know that isn't such a bad idea. I forgot about online ad postings.. Thanks! i might start with that instead 

@Chaz Reid

Well im looking to start out and not spend so much money on marketing and a found a large neighborhood which has probably a tenth of the homes in pre forclosure so i was like hey, maybe i could just direct mail some of those people to structure my first deal then accumulate more money to market with bandit signs and such. 

@Chaz Reid 

Yes, my parents are going to be helping me out on this. My brother is also of legal age to sign paperwork, plus he is a Realtor so i will be working with him too. 

 Thanks so much for the input I've been reading around and some people were saying stuff about Federal Laws protecting the homeowners so im asking around whether its a good way to get started or not. 

 I was waiting for someone to say something about my age. (No offense taken) But to explain, ive been reading, doing research, driving around town, meeting and talking with local investors for about a couple months now. I have been dreaming and thinking about investing for longer than i can remember but i am wanting to get it started now since i have received my drivers licence. I do also take several building construction courses at my school. My brothers consist of a real estate agent and a licensed engineer who owns his own landscaping business looking to be a contractor soon. One of them has been working since he was 14, he now makes six figures and is 25 happily married with a daughter. My parents are very supportive and its really all they're doing is signing their signature then receiving a check ill be doing most of the dirty work but shh no one needs to know that. I am on spring break this week and really drove into searching the area and talking with more investors in my area, just trying to get the last hoops of the process down(contracts and paperwork) Thanks for reading 

 Sorry if i kinda mis-worded some of it. By meaning sending letters i was meaning like sending letters to the homeowners who are in pre foreclosure to see if they would like to sell and or track down the absentee owners through the central appraisal district and mailing them to see if they would like to sell. Its like the bandit signs on the side of the road, instead of the people facing foreclosure call you, you go to them. Yes there are other ways too besides mailing to owners. No i dont have any money or credit anyways to do flips, primarily wholesaling at the moment.(I'm 15) But when i was out and about through neighborhoods i stumbled upon so many pre foreclosed homes. I have yet to make my first deal so i was looking to maybe make some money through this method to be able to market myself more down the road. But the big question i had was if there is a difference between wholesaling a regular house compared to a house in pre foreclosure. Do i have to speak with a bank instead? Work with a Realtor? Or can it even be done and i got back to having to market myself other ways.  

Hello. I am starting out in wholesaling and was looking around today and found maybe 100 homes on zillow under the pre foreclosure status in a neighborhood. Went looked at them all, wrote them down and noted if it was abandoned, absentee, winterized, trashed or occupied. Had a idea to maybe later send a letter to all of the homeowners, and track down the absentee ones and send them a letter asking if they would like to sell their home to me and so on. And i got to thinking, can i put a contract down on a pre foreclosure for the amount they owe to the banks and such, then wholesale it? Do i have to go to the owner or the bank? Or is this even possible to get the home under contract?!? Thanks   

Hello, i am starting out in wholesaling and hoping to start my first deal soon and was wondering, do i need to pay income taxes on what i make?! Thanks

Hello. My name is Chris and i am 15 years old.(My parents will be helping of course) I am looking to start wholesaling very very soon and was directed to this website. This will be my first post and i am very excited to get into the community and learn some new things. But back to the wholesaling topic. I am looking to the bigger pockets community to kinda help me out and give me some tips and guidelines to execute my first deal. I pretty much can cross every hurdle of the process besides the legal paperwork and such area and how all of that works. So yeah if there is anyone out there who could help me with that it would be wonderful. Thanks :)