All Forum Posts by: Daniel Pitner

How does wholesaling a home work when the home has an outstanding balance? What equation do I need to use to figure this into my offer? 

Wholesalers, tell me about the details of very first deal. 

Some details that I'm looking for:

Where did the lead come from? How's long did it take you to get it? What was the conversation like with the seller? What did you learn learn? Any other details would Be helpful as well!

what do you find as the best way to estimate the rehab  costs for a wholesaler? I have a good understand of the costs of labor and material but a significant a wholesaler what should I assume needs to be rehabbed?  Do cash buyers want to Do upgrades or simply builder grade fixes?

Thank you, Bob. What is a good criteria to look for in the lists? (equity percentage, income, etc) 

Hi BP Community, 

This is my first post and I am excited to have found such an active and supportive community. My 9 to 5 job is sales and I have grown increasingly frustrated with the prospect that I am making millions of dollars for somebody else when I could be putting the same effort into my own business thus,  have recently decided to go all in with real estate investing.

I have a decent understanding of the process but I am stuck in the analysis phase of how to generate leads for a few hundred to a thousand dollars.  I have been driving my neighborhood and I also have others driving around the area to find vacant properties.  I plan on cold calling these properties and my goal is to be doing 5 cold calls/day starting next month. I know this is a low volume of calls but my primary goal is to refine my script and learn the common objections that sellers have. 

Any input/advice/suggestions/political comments (just kidding) would be appreciated!