All Forum Posts by: DeAnthony Whitney
DeAnthony Whitney has started 1 posts and replied 9 times.
Post: How to Calculate Fixed Costs on a Rehab, Flip, or Wholesale
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Question: when analyzing a deal do i include that four square method or just focus on the ARV? I'm practicing this and I'm not to sure if I'm doing it correctly. Any advice fellow members
Post: New to wholesale and REI where do I begin???
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Alright thank you @Anson Young
Post: New to wholesale and REI where do I begin???
- Posts 9
- Votes 0
@Anson Young that was great advice I was cautious about where to start as well but this is helpful. Quick question so how do you get the ARV?
Post: Beginning on my journey to becoming a REI
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Thank you @William Goss
Post: Beginning on my journey to becoming a REI
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Honestly I was afraid to say anything but I truly appreciate the responses the advice I’ve been given and I thank you y’all for the suggestions love and peace. Another question though, as far as contracting a deal how would I go about that being my first time?
Post: Beginning on my journey to becoming a REI
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Good Morning,
I'm DeAnthony Whitney, I'm 27 years young and I'm fresh out of class eager to become my journey as an Real Estate Investor. I resident in the Chicago area for now but I will venture out once I have the knowledge needed to move forward so if anyone could referral me to some great agents that would be most helpful. I started this journey like most because I deserve better for myself and the way I'm living now is not where I want to be so I've decided to make a change. Due to my financial issues it was suggested to be that Wholesaling would be the best route to take until I can build the Capital needed to pursue better opportunities down the line and I'm willing to commit to the process. I plan on moving from Wholesaling on to rental properties then commercial properties. My goal is to create passive income for myself so I can managing my time to get the best out of life while I'm still here. Now with Wholesaling I understand that I have to find a deal, find a buyers list, find a good agent to work with, construct a contract and so on and so far but where I'm stuck at is actually what to say when I've found that agent or how to create the contract seeing as I'm new to this so basically I'm asking for direction. My brain freezes because I just don't know how to properly start off. I understand not every individual I talk to will deal but just having a starting point helps with communicating with these agents or getting a contract ready. lol these beginning stages are the worst so if anyone has helpful advice I could use today please share. thank you
Yeah that could work thanks. How do you get the contract to assign or sell to the buyer?
A contractor huh, do they do free consultations or something?
Great question, Im starting off with wholesaling as well and I wasn't sure what's steps to take either saying as I too am new to becoming a REI. I don't even know what to say to a Realtor. I've analyzed 2 deals but I'm not to sure if my calculations are done right to be able to determine if it would be a great deal. Any advice for the both of us..