All Forum Posts by: Paul Duke

Hey Travis, thanks for the reply

Hello everyone!

I've returned to BP after re-igniting the pursuit of REI and being reminded of the site. I am interested in investing in Multi-Family and Single-family properties for BRRR buy and hold in York County and local areas. I am looking into putting together a winning team of Realtors, Lenders, and Contractors. I'd appreciate any recommendations.

Originally posted by James Olson:

If a Realtor is showing you the property it isn't a deal.

I don't know if this is always the case because I've seen a lot of people post here and I've talked with others that get a lot of their properties through realtors.

Originally posted by James Olson:

Two reasons, the Realtor would by it and if the Realtor is showing you then everyone knows about it and it's not a deal. 95% of the biz is finding the deal no one knows about.
If it was that easy everyone would be a wholesaler.
Only the smart and strong survive in this game.

I get your point with this one.

Originally posted by Free Wholesaling Report:

You could waste your entire investment life chasing deals if you don't know what your looking for...do you follow?

Good luck, it sounds like your eager to get going.

Makes a lot of sense to me to at least know what it is their looking for. It helps out on some of the questions and I'm sure many others will also come up. What kinds of clauses are people putting in their contracts to cover themselves in case they don't find a buyer? Or is moving to a different exit strategy more ethical? Thanks for your responses.

Originally posted by Jeff Something:

You should take it on if it's a good deal. It should be all about the numbers.

You see, that's where my problem comes in. I'm so new I don't know what a good deal looks like. Is it purely numbers, no matter what the property looks like? If so and the property has been on the market for months should that be an indicator to me that the property is no good and no one wants it and or its not worth the investment to repair/rehab it?

I'll start. My goal is to wholesale my first two properties this month with a total income of at least $10K.

Thanks, but what about the second part of my question? I have a realtor firing off listings to me but how do I know if I should take it on or not. Example is, she just sent me a property just listed described as needing a complete renovation. L/P $49K comps are approx $179K.

How many properties do you recommend usually looking at before deciding your first property to wholesale? I've heard of the 100-10-3-1 rule by Kiyosaki but is that just for buy and holds?

Also, besides using the 70% rule for offer numbers, once you see a property how will you know if it's one that an investor will want if you're new and don't have a developed buyers list? I ask b/c I'm having a realtor show me properties that have been on the market for 3 or more months looking for a motivated seller. If it's been on the market that long, how do I know every investor in town hasn't already been through it and passed on the property?

Thanks!

Don't get me wrong, I have no quarrels with the toughness of watersports and the amount of energy it requires to participate. I am in total awe of players in water polo and even more for synchronized swimmers. Those women are amazing! I just wonder that the report on his diet habits aren't blown out of proportion a bit.

I think some of those items may have gotten mixed in together for different days. Unless someone can prove me otherwise, eating 3 fried egg sandwiches with full dressings AND a five egg omlet in one sitting?? Never mind the other 9 items. Anybody know what a pound of pasta looks like?? That's basically the whole stinkin box if I remember right!

I understand the concept of the high calories and he would burn a LOT of them swimming 5 miles a day, but I just have a hard time believing that he could actually eat all the foods listed in one day AND swim 5 miles without upset stomach.