All Forum Posts by: Anthony Ogletree

One thing I like about BP is with all these RE vets come all the different avenues for success. I will not consider one better than the other, but rather I will consider them all equally and use the systems that work best for me and my disposition. When I used to sell insurance my managing agent used to tell me to "take the pressure off yourself and put the pressure on the system" pretty much meaning be coach-able, do as instructed to "T" and I WILL be successful. Needless to say I wasn't very coach-able at that time but everything happens for a reason as I did learn what it takes to be successful. Thanks for the info guys and I WILL have more questions so I WILL be in touch!

I thought in order to get a real estate license I had to sign a contract with a realtor (Century 21, Howard Hanna, etc). Also I thought the MLS is not a good place to find deals as a wholesaler as pretty much everyone knows whats on those. I was told the real deals are the ones NOT advertised or listed on MLS... the one I will find "Driving for Dollars" are supposed to be where its at. I think I suffer from analysis paralysis... I've done a years worth of research in 5 months but today was the first day I actually went out and created a list of busted houses to try and market based in an area that local investors told me was likely on the upswing. I have enough potential mentors here on BP to make Yoda blush... I guess I just need to stop being nervous and get out there and grind.

Excuse my question about finding deals on the MLS... I just realized that the MLS is where I would find cash buyers to market deals to as far as houses recently sold. Is this correct? Also can you let me know about needing to sign with a realtor to get a real estate license. Isn't that pretty expensive to do that (more than 1k)?

"Fear is the very last obstacle before you reach success."

-Me (but I'm sure I'm not the first to have said this)

@J Scott

"So, if you really want to help people succeed in wholesaling, stop telling them how easy it is. Instead, start telling them how tough and frustrating it is, how it will likely take months to do that first deal, how it will require visiting hundreds of houses and talking to hundreds of buyers and sellers."

I never expected this to be easy by any means. Honestly if it were easy I wouldn't do it because EVERYONE would be doing it, but I AM a grinder (Eric Thomas is my idol btw) and i WILL do the things others WON'T so I can eventually do the things others CAN'T. Months til my first deal you say? Even if I grind 40+ hours per week? I've spent the past 4-5 months gathering as much info as I can on wholesaling and to tell you the truth I STILL feel like I barely know even 5% of the game. I have beginner knowledge on cost estimating and I am extremely good at crunching numbers. I am persistent to a fault in that I will bug someone to death if the ends justify the means. Honestly my biggest concern is my cash flow which is limited. I was hoping to try and land my first deal within 1-2 months and then maybe 2-3 a month until I start to develop a system. Is this wishful thinking? I've read a crap-ton of posts and forums here on BP and other sites like smartlazyinvestor. I guess I am just looking for reassurance based on my expectations.

Well... I have 1 investor that I am pretty straight up with, and the others are just investors I got (or will get) from leads, advertising, etc. So what you are saying is that once I get the seller under contract I don't have to worry about an investor trying to back door me?

So took my first trip driving for dollars today. I located about 50 dilapidated houses in about an hour of driving and a few of them had FSBO signs. My next step is to pull up the info on the county auditor website and then try to touch base with the owners of said properties. From there I arrange to meet the owners and look over the property (if I can). I have a background in cost estimation so I shouldn't have an issue with negotiating a good price. If/when I progress this far I would then get them under contract and move said contract to an investor and collect my pay when the sale is closed between the homeowner and investor. Is this basically how the routine goes? Is there anything I left out? Also how can I protect myself from the investor going over my head straight to the seller?

Those are the answers I was hoping to hear! Thanks guys!

Hello all! I was wondering if anyone knows if I can setup an LLC by myself with just paying my state fee (125 bucks in PA) and then once I start to generate some capital have a RE Attorney look at it and make any changes/ adjustments to it at that time? I don't really have the bread to have an attorney set it up for me now but I'm sure that once I get a few wholesale deals done I can have one look at my setup and advise me of any changes I should make to the LLC.

I appreciate that sir. I'm thinking a mentor then. BP negates the need for a coach in my opinion. I am an extremely driven, self motivated person so I don't really need someone to keep me on my toes. I have a great network of family and friends for that also.

I appreciate it. I've been on BP for a few months using this is my primary source of research. With everything that I have learned I still have a ton of questions. I just refuse to be the "run of the mill" new guy out here especially after hearing about how these gurus and mentors send people out without any real knowledge of the game. I figure with my limited backround in construction and cost estimating I have a leg up on others in my same boat.