All Forum Posts by: Damaso Bautista

@Cameron Iarrobino

I agree with Greg M. this isn't difficult.  Assign each one a parking space.  End of story

@Emily Salwen

For me the most important factor to your question is about what type of personality do you have.  If you are a risk taker who can make decisions on the fly with basic information, then the learning curve isn't that great.

On the other hand if you are a planner who makes a plan and then a plan for the plan and then another plan just for good measure.  That type of personality seems to take a while in the learning phase.  

It is different for each person.

Another factor that tends to keep new investors in the learning phase is risk factor.  How much money are they willing to risk on something that is not a sure thing.  There are many examples of how people have invested in real estate and it turned out different then they thought.

For me the investor that does really well really fast is the one who is a risk taker that knows how to mitigate risk to the point that personal financial ruin is not a factor.  

Figure out where you stand and you will be on your way to investing in real estate.

Good luck!!

@Eli Kallison

The problem with blind initial price is that you really don't know what you have.  It can work if you know what the price of a complete gut job house will sell for and then you can get a house that is at least living for that cost.  That way you can pretty much know that you are going to be able to resell it as is and make money.  But I think those nuggets are very hard to to find.

Good luck in your journey!

@Dewayne Maxwell

Hey Dewayne,

There are many ways to get out of poverty and rest assured there are no short cuts.  Even if you were to learn everything there is to learn about wholesaling it doesn't guarantee you anything.

If you work hard at anything it gives you the best opportunity to get out.

A tried and true way to get out (the way I did) was go to college and get an education get a high paying job from that education.

Another way is to find a trade that has a high paying salary and work you tail off and make money.

Poverty never snuck up on anybody.  We were born into it and only hard work and dedication will get you out. We are all given the same opportunity at 5 years old to get a free education and in that process we all have the opportunity to work hard.  

I would ask you to look back at your performance the past 18 years to see how hard you really worked.  If you did then you don't have to worry about poverty your work ethic will get you out.  If you didn't then learning wholesaling will be all for not without that hard work.

I am sorry I am lecturing but you are you are speaking from a victims point of view.  If you believe in yourself and work hard poverty is easy to escape.  

Just an opinion from a 49 year old man who grew up in poverty but got his university education, worked hard, found a great career and did good for himself and his family.  

I didn't let anything sneak up on me, I went out a got it.

Good luck!!!

@Alecia Loveless

This sounds like the guys that work for me.  Tell him you want to pay him and need to know how much it is or bust out the old piece of paper that you wrote the quote he gave you and your own receipt and pay him and have him sign off.

If he has been straight up with you from the beginning, normally zebras don't change their stripes.  

He is probably going to be straight up going forward.

If you are still uneasy then pay him out now to ease your mind and start fresh.

@Kyle McGrath

God must have been listening because one just dropped into your lap from the sky. It doesn't happen.  Make the connection and do your due diligence to make sure the numbers work for you.  Make sure everything is straight and take charge.

Keep us posted. 

@Cathy Malmrose

I understand more about what you are talking about now. If you love what you are doing then keep doing it.  I always feel like it comes down to personality types.  I have had so many hobbies in my life that I am a jack of all trades master of none.

I love surfing but I am not a pro, I love running but I would never win a race, I love baseball, hiking, fishing, golfing.  All of these things I love to do.  My personality lets me jump from one to the other without batting an eye.

If you personality drives you to do real estate day in and day out and you still enjoy it then keep doing it.  In life there are no hard and fast rules about anything.  A philosophy professor once made a joking remark to me when I was 18 because he asked the class to write down our philosophy in life.  

All the other students wrote these elaborate stories and I wrote down "Whatever floats your boat".  His comment was that I was right, that everyone's philosophy in life is different and it all boils down to whatever floats your boat or whatever makes you happy or whatever motivates you to get up in the morning and continue on with life.

If real estate is that then keep doing what you are doing. 

I also held another belief that I read when I was 18 years old.  That the body will quit when too much pressure/pain/physical force is applied. This belief has let me run long distances out of breath and in pain, but I never quit because I knew that the only way I would quit is if my body gave out.

So for you I see you working until you have a significant emotional event or life altering event where you figure out that what you are doing is not providing the results that you once enjoyed mentally, physically, financially.  It will only be then that you will decide for yourself that it is time to stop.

No one else in the world can do that for you except yourself.

If you ever need any more of my ranting life advice feel free to PM me.  

I am 49 and 4 months away from retiring after a 30 year career so I have a little life experience.

Dom

@Oksana Yurovsky

I wouldn't do that because too many things could go wrong.

@Kyle McGrath

The surest way not to find an off market deal is to sit and wait for your realtor.

Start going to investor meetups in your area.

Get on some wholesalers email list.

Do some marketing campaign

Start cold calling

Driving for dollars

Even if you try all of these there still is no guarantee that you will find one but I can almost guarantee you that

an off market property is not just going to drop in your lap out of the sky.  You need to be proactive if you want to find one.

I hope this makes sense.  There is no off market fairy god mother that just gives them to you.

Good luck!

@Bo Palladino

I have a 21 year old son and a 19 year old daughter. 

If I was giving them this advice I would tell them:

1. Finish your University Studies and then get a good paying job

2. Take out a small credit card, use it every month and pay it every month to work on your credit history.

3. Save as much money as you can while still on college if not then start saving all you can when you become employed

4. Get all your ducks in a row financially so that when you are ready to invest it will go smoothly and will have many options.