All Forum Posts by: David Ramirez

I would pull back to see what happens. Maybe they want it so badly that they wouldn't care to take it as is.

Learning from someone who is already doing it in your city would be the best next step. Go to networking events, join every investor's Facebook group, and connect with the wholesalers who are sending deals through the group.

I do business in Florida, feel free to reach out with any questions about wholesaling and flipping. 

Yes, I am. keep in mind I spent about 15k a month on marketing itself.

Feel free to reach out with any questions! 

Hey Casey, 

Property leads its been the one performing good for us. We are not getting good result with lead zolo

Yes, I would indeed give them the difference from the first month and that's it. If they failed to notify you on time that's not your problem 

IMO It's only important to consider school districts when you run the numbers on a deal because if your comps are in a different school district, that might affect your ARV. Maybe in your school district, houses are selling for more because of a better school, or vice versa.

Hey @Michael Pithium, 

If your goal is flipping, I would go right into that. I would recommend finding someone in your market who is already flipping and being a resource to them in exchange for knowledge.

Wholesaling is a completely different business, with 80% of it being marketing and sales. I run a wholesaling operation here in Florida, but I got started flipping properties, so don't think wholesaling is an entry to real estate investing because it's not.

Feel free to reach out with any questions. 

Best of luck!

Maybe a beginner wholesaler would be cool with something like that.

But for us, we wouldn’t partner with an end buyer unless we’re getting a percentage of the profit on the backend, and it has to be a lot more than the wholesale fee for that property. The thing is, that kind of partnership puts a limit on how much we can make from the deal. Every deal is different, and supply and demand really dictate what we can sell it for. Sometimes, we get buyers who are super eager to find their next short-term rental, and they might offer way more than a flipper would. More often than not, we get a flipper who does the work themselves, has cash, and can afford to pay more than others. That’s why we can’t just go with one buyer—it wouldn’t make financial sense for us. At the end of the day, we’re running a business, and we’ve got employees and marketing costs to take care of, so we need to make sure it all adds up.

You have to know how to analyze properties so you can get a property that is a deal for an investor. While you start working on getting your first property I would network as much as possible so you know who to connect with in your area when help is needed. 

I will always recommend first to get an actual deal and then find buyers. When you have value to offer right away you make better connections with buyers and you need help finding a buyer you can partner on your first couple of deals with a seasoned wholesaler. 

When assigning the property you will ask for a non-refundable earnest money deposit from the end buyer. Make sure it's a significant amount of money so the likelihood of backing out is less (In Florida our minimum is 5k but usually our buyers put 10k). 

Are you looking to find deals for wholesalers or trying to find deals to wholesale? 

I would assume is the second one because if not it doesn't make any sense unless you are JVing 50/50 

By the way, you can find wholesalers in Facebook groups.