Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 11 times.

Post: Probate

Account ClosedPosted
  • Investor
  • Trenton, NJ
  • Posts 11
  • Votes 5
Originally posted by @Carlos Coppin Jr:

@Kevin Raye you still alive buddy?

 lmao!

Post: NJ Wholesaling Newbie

Account ClosedPosted
  • Investor
  • Trenton, NJ
  • Posts 11
  • Votes 5

How do I get started?

Focus on finding motivated sellers through bandit signs and direct mail.

Do you appraise the houses (I'm looking to start with single family properties first) yourself? 

Yes, first you determine ARV then repair costs.

Do you have someone go with you? 

That can be helpful but not necessary.

Do you search online for what houses around it are going for, decide an ARV and then go to a private money or hard money lender? 

While helpful it's is not necessary to have your own money other than the deposit (can be as little as $10).

Ive heard of people only putting a downpayment of around 5k just to hold the house, can I do that? 

Yes even less.

Post: Can I put a house under contract for wholesaling if the seller is using a realtor

Account ClosedPosted
  • Investor
  • Trenton, NJ
  • Posts 11
  • Votes 5

Yes, but realtors typically require $1000 earnest money.

Post: Seattle wholesaleing

Account ClosedPosted
  • Investor
  • Trenton, NJ
  • Posts 11
  • Votes 5
Originally posted by @Keith Ellis:

Hi BP.

I feel that owner occupied wholesale is not possible even though gurus do say it is. I'm wanting feedback or suggestions on how to get a deal done by owner occupied or is it even worth time effort. 

 Why do you think it's not?

Post: Seller says "I don't want people going through there or I would have listed it."

Account ClosedPosted
  • Investor
  • Trenton, NJ
  • Posts 11
  • Votes 5
Originally posted by @Michael Hart:

@Mindy Jensen @Guy Jimenez Good suggestions. He's got to know you can't sell what you can't show ... unless it's pennies on the dollar. 

When I have a house I schedule "showings/tours for 1 day a week (typically Sat) and get as many people there at the same time as possible. Creates a little competition among potential buyers. 

Video is a good idea. Get a vid, leave out the street address. Make your video from still shots of the the house. Slide show style. Fade in fade out with a little background music (much better than shaky handy cam with someone talking through the vid). Check readytogovideo.com for example vid. Get good pics and my daughter will make a vid for you if you don't want to do it yourself.  

 Great ideas ... This is a great way to go about it.

Post: Why do seasoned real estate investors and seasoned real estate brokers/associate brokers hate wholesalers?

Account ClosedPosted
  • Investor
  • Trenton, NJ
  • Posts 11
  • Votes 5

thanks @Brian Burke

Post: Earnest Money

Account ClosedPosted
  • Investor
  • Trenton, NJ
  • Posts 11
  • Votes 5

Do realtors require earnest money? If so is there any way around it?

Post: What are some of your daily tasks/actions that you do to make progress with your wholesaling business?

Account ClosedPosted
  • Investor
  • Trenton, NJ
  • Posts 11
  • Votes 5
Originally posted by @Account Closed:

I tried a google voice number and i had an investor call me back and greeted me with my first name. Cool but not what i wanted. I actually got a phone from Walmart and set it up on a "Fake" email address for all of my leads. The reason i picked Walmart is because the sign police cannot or will not trace it back to me as easily. I use it for my bandit signs and flyers.

PS. if you get a burner phone, get a smart phone. Flip phones cannot be used with mighty text... a $50 lesson yours for free!

 You know what... I think that your way is the best way to go especially when you take sign police into consideration. I never even thought about that. 

😂 at $50 lesson yours for free.

Post: What are some of your daily tasks/actions that you do to make progress with your wholesaling business?

Account ClosedPosted
  • Investor
  • Trenton, NJ
  • Posts 11
  • Votes 5
Originally posted by @Karl Smith:

What is a "Burner phone" ?

 A cheap prepaid phone or the modern definition: software that let's you create another phone number for your phone. An example of this is free Google Voice.

Post: ARV of Property in Mercer County, NJ

Account ClosedPosted
  • Investor
  • Trenton, NJ
  • Posts 11
  • Votes 5

Could someone help me determine the After Repair Value of 7 Trimmer Ave., NJ 08560?