All Forum Posts by: Chris Nowlin

Thanks Jessica! I have been watching from the sidelines for about 2 years now. I started looking up wholesalers in the beginning, but wasn't ready or in a position to make an informed decision. I decided to get my license which helped with the first deal, but now I want to expand the pipeline. While the MLS deals are there, I really want to find someone I can trust to send some off market deals my way. I have an partner/investor that is ready to pull the trigger whenever the right deal pops up!

Originally posted by @Jessica A. Smith:

Hi Chris,

Congrats on completing your first flip! I started my investing journey as a wholesaler, and now I'm a licensed Realtor. I would advise when you're working with wholesalers to make sure you do your own due diligence. Don't depend solely on their repair estimates, actually have your guy or yourself walk the property to get a solid number. Good luck to you! Feel free to send me a message if you'd like more insight!

I’m looking into buying from wholesalers for the first time. I have a basic understanding of the process and what to expect overall. I was just looking to see what advise other investors have to offer when dealing with wholesalers. -What are the pros? -What are the cons? -How many buyers are on a typical buyers list? -What are key things to be aware of? Thanks for your help!

I’m looking into buying from wholesalers for the first time. I have a basic understanding of the process and what to expect overall. I was just looking to see what advise other investors have to offer when dealing with wholesalers. -What are the pros? -What are the cons? -How many buyers are on a typical buyers list? -What are key things to be aware of? Thanks for your help!

Hi guys, We will be completing our first flip within the month and are ready to start looking for the next deal. This one just happened to be right down the road and kind of fell into my lap. I am curious what advise you guys have when dealing with wholesalers for the first. I am not in a position to pull the trigger within hours. My investor has a construction background, but has been out of the business for a while. He wants to stay overly conservative on the first few deals. And starting out stories are welcome! Thanks, Chris

Hi Guys,

Just curious where you guys market properties without an agent's MLS access. Does anybody pay for sites or just stick with Zillow and Facebook marketing?

@Account Closed Please send my information as well. I am located in the League City area.

I have heard several people mention that buying wholesale properties is an ideal path into the buy and hold investment world. I've listened to many podcasts that explain wholesaling and I can see the benefit. However, none of the research I have come across talks to much about how to buy FROM a wholesaler. 

How is it different dealing with a wholesaler than dealing with a private owner?

Are negotiations treated the same?

What tips cn you offer when dealing with a wholesaler?

I am looking into buying my first buy and hold property. I am wondering what strategies some of you use to determine what a property will rent for. 

What qualities are more important?

How accurate is comparing properties by their price per sq foot?

I feel this is my weakest point of analyzing deals and would like to improve in this area.

Thanks @Bill Gulley!

@Bill Gulley Thank you for the input. It has given me plenty more avenues to research. Most of which have sent me back to you posts. I just had a few questions regarding some of the issues you brought to light.

Assuming I generate my own leads with no help from a lender, my first questions involves the Dodd-Frank Act. Can you briefly expand on how this affects my situation? 

I read a post of yours that outlined a predatory dealing as one that puts a buyer or borrower at a financial disadvantage. Is asking for a higher rent considered predatory? I am not selling the house on the back end for anything more than appreciation. 

Sorry if the questions are basic! I'm just trying to understand the situation.