All Forum Posts by: Emmanuel Gonzalez

@Cornelius Charles Okay I got you. I’ll definitely be looking into virtual wholesaling. Thank you for the input, I appreciate it!

@Adrian Coleman Thanks man! I appreciate the gem! Will definitely look into it and read up on it

@Jim Pellerin Thank you for the advise! Could you maybe elaborate more on what kind of things I should do differently?

I saw you have a free wholesale mentorship program. How do I go about joining or what must I do?

Hey everyone, so I'm looking to start a wholesaling business on the side to start getting my feet wet in Real estate and to build capital to eventually be able to venture into and fund my own BRRRR deals. I want to start in my back yard in San Bernardino in the inland empire in southern California but I'm not sure whether it's possible to wholesale here in Southern California. Would anyone recommend virtual wholesaling over wholesaling in your city? Any advice really that could me on my wholesaling journey is appreciated.

@Peter Mckernan Thank you Peter! I will follow that advice being the my barber job/business allows me to get maximum results with minimal time and effort. I think the advantage my Barber job gives me will give me time to focus on wholesaling being that I don’t spend more than 30 hours a week at my job cutting hair currently and am able to bring in about 4.5-5.5k a month thankfully.

@Michael Plante I’d probably cut that time in half working two jobs. I’m considering working two jobs or just scaling my Barber business higher again and focusing making money on the side in RE maybe trying wholesaling since they’re isn’t much of an overhead I hear. I currently charge $50-$65 for my haircut services make about 4,,500–5500 a month and net about 50-60k a year working about 20-30 hours a week(only work those little hours cause my schedule doesn’t get completely booked as of yet with the prices raise I made a little awhile back). And I have a system that allows me to scale my Barber business higher in shorter time so I’d like to utilize my advantage with barbering cause it allows me to put minimal hours in and get maximum results back. I figure now since barbering clears up some free time I could use that time it frees up to try wholesaling?

@Evan Polaski I hear you, and appreciate the advise. You know normally I go for broke when it comes to taking risk when it’s just me involved being that I’m young and at the bottom already. But I got back with the mother of my child not so long ago and live together and I can’t risk their well being. So being patient will have to do! Thank you so much Evan for clarifying the pitfalls

@James De Leon I appreciate the advise firstly!

Yea that’s one thing I haven’t considered much is the risk involved. I think it would be a safe bet to atleast have some cash reserves now that you mention it to atleast offset half the risk that could be incurred if thing did go wrong if I do get partnered up with someone I have in mind. That way I don’t leave too much of a burden on my partner. With that said I will take the time to save a little safety net.

House hacking was definitely my first option, but I’ve had a hard time convincing my girlfriend/mother of my child of the benifits we would gain from house hacking. She’s not sold onto the idea, she has the shiny object syndrome and wants the nice single family house with a picket fence. Yes

As for wholesaling I have considered it but I hear it takes up a fair amount of time if you want to run a successful wholesaling business that I probably don’t have at the moment with my crazy work schedule and trying to make time for my family.

I will definitely take you up on that offer once once I’m really postioned to hunt and land my first deal!

@Jaron Walling Yea you’re right the pitfalls and challenges are things I haven’t taken much into consideration. I think I’m getting driven by fomo more or so and feeling like I’m behind for my current age. (26)

This is where my patience will be tested I suppose, I’ll use that time in the mean time to hyper study analyzing the numbers and my specific market as you suggested and get positioned correctly. Thanks man, I really appreciate the advise.

Hey everyone, so I'm just starting my RE investor journey in the inland empire in Southern California, I'm looking to use the BRRRR method with either a partnership or hard money if it's possible in this market out here. And I'm wondering if it's a good idea to start looking for deals and try to get my first deal while I don't have much of an emergency fund saved up nor a savings? I read Brandon and Josh's book for beginning investors and have taken what I learned on managing finances and budgeting and started applying it to my own finances. But at this rate with my current earned income and expenses. I project it will take about about 2-3 years to get a safety cushion set up with an emergency expense fund for 6 months and a decent savings of atleast 50k and I feel that's too long of a wait to get started. Is it best to wait till I have my safety net set up to start getting my feet wet, or is it okay to jump in with no safety net? Any advice would be greatly appreciated!