All Forum Posts by: Christian Weber

Hi RR - truth be told I dont quite know what that means. Care to explain like I am 5

OK, so helpful, Any idea on how to get on these email lists?

Exactly as it says on the tin, how to find legit wholesellers? The few websites I have found have a bunch of MLS properties on them that are undercontract and have jacked up prices or asking market rent ready prices for dilapidated homes.

Any suggestions on where to look for more legit sources? 

thanks again, Other than driving for dollars is there any other suggestions you might have for getting distressed properties from wholesellers etc i.e. getting on legit mailing / email lists. I dont mind doing that for the first few flips so I can get started sooner.

Thank you for the reply

Initially I would like to do some flips if even a flip to rent out situation for a year before selling unless it is cash flowing really well. That way I can build up more cash to invest 

The aim down the line like everyone is to have a bunch of properties to help with building wealth etc. The standard thing that a lot of people want

So as the title says

I have 80k cash and 100k HELOC on my house I can use and have no idea what to do next. Based in South florida and it seems everything is so highly priced and getting bought by cash investors.

I have no idea on what to do - most agents I have spoken to have zero idea on flips or investor properties, no idea on how to get properties off market or what a wholeseller is and get annoyed when I ask questions because im not a cash buyer looking for a 3/2 for their kids with the white picket fence. The few "wholeseller sites" I am on just relist MLS listings with a higher price

Not looking to be a hard money lender as the risk isnt worth it to me with that

If you were in my situation what would you suggest I do.

Thanks in advance

Not really something I would consider, the return on hard money its just not worth the risk for me.

So I would have to refinance out of the conventional to a commercial loan? 

You cant have a conventional loan on a property thats in an LLC?

So as the title says 

I have 80k cash and 100k HELOC on my house I can use and have no idea what to do next. Based in South florida and it seems everything is so highly priced and getting bought by cash investors.

I have no idea on what to do - most agents I have spoken to have zero idea on flips or investor properties, no idea on how to get properties off market or what a wholesaler is and get annoyed when I ask questions because im not a cash buyer looking for a 3/2 for their kids with the white picket fence.

If you were in my situation what would you suggest I do.

Thanks in advance