All Forum Posts by: Dan Barli

You should learn all you can about wholesaling first Kenneth. There are a lot of great resources on this site. Get educated on what you are trying to do exactly before you spend money. You can then decide the best use of your $1,000.

Congratulations!! Keep going! 

Yes, you can certainly get started with $30K Curtis. I would recommend that you determine what strategy you want to pursue and learn as much as you can about it. You mentioned you've been in real estate for a long time. In what capacity was that? 

I would recommend that you read more of the material throughout this site to get more specific about your goals and targets. Especially if you're just getting started, learn as much as possible. Go to local REIA meetings to meet other professionals and other networking groups. Try to find out who is doing the things you want to and see if you can pick their brain. Take them out for a coffee or buy them lunch. It would be the best use of your time.

Welcome to BP Kristie! I think each state may be different on the timing of your classroom education and then taking the test. Having a license would give you access to the MLS, but I don't think they teach much, if anything, about investing. You should weigh the costs of the license and the need you have for it.

Carnell, you'll always have a certain "fear" or something to hold you back. I would say that in order to invest, you have to be financially prepared for things not to go "right" in the beginning. In other words, you shouldn't deplete your entire bank account to invest. You should have some additional capital set aside for when things go wrong. 

Your earned income is important if you are trying to get conventional mortgages. 

Have you set up parameters for your minimum cash flow per door? How are you financing the acquisition? 

I think it all depends on the numbers of a deal William and what your goals are. What are you looking to do?

Hi Navid, if you didn't have an LLC set up before-hand and the payments came from your personal account, I think you have to take it back personally. Next time you should have everything go through your LLC account and then you can take your payment through your company. Also, it would be prudent to have your agreement in writing going forward.

Have you gone through the wholesaling information on this site David? That would be a good baseline to start learning about wholesaling.