All Forum Posts by: William T.

@Alyssa McMorris Welcome to BP, I would start of by reading the beginner's guide here on BP before you get started. I have a couple questions, do you own your own home or rent currently. Do you have experience being a landlord? Do you have the ability to calculate good cash flow? The reason for these questions because with under grad students, you will probably have a lot of turnover. I have heard grad students tend to be a lot more stable and less partying. It can be done but know your cash flow prior to entry.

@Aaron Mazzrillo of course. I made two new contacts on BP and gained a new colleague for virtual wholesaling/bird dogging. Downloaded a couple new podcasts to learn about Subject To financing and started researching properties for leads.

Welcome to BP, you have a lot of great investors in Cali. I would start in your own back yard so you can become familiar with the community and develop your niche. I would also start reading the Beginner's Guide for investing which will also help you with your strategies. Best of luck to you.

http://www.biggerpockets.com/real-estate-investing

@Devin Davis Congrats on moving forward with obtaining a contract to wholesale a property. Learn all you can first because you never know when you might run into a caveat like @Curt Davis is advising you about.

@Brandon Krieg My local REIA is having a seminar on this tomorrow, I am going to copy your questions and take them with me. I will follow up on this strategy when I complete the seminar, maybe we can make a document for the file place for suggestions.

@Monica Breckenridge Thank you for the additional questions...

@Bryan L. Good evening, I will be happy to bird dog for you. Please advise if you would like for me to email you or PM to obtain, what kind of properties you are looking for? You can also post it to this thread so more wholesalers will key on it.

@Barbara Teasley Good evening, Are you looking for new properties to rehab or were you trying to network with wholesalers in the area? There are some wholesalers who sales properties virtually.

@Account Closed I missed this post and it is always nice to see another person from Missouri on BP.

@Jennifer Severado Welcome to the BP community, I am a new wholesaler and have learned a lot since I have been on here.

@John Thies Good afternoon.... If you want to meet up, just send me a message so we can meet. I spend a lot of time on BP especially while working because I work 3rd shift and do a lot of monitoring of systems.

@Jerry W. My mentor is actually an experienced rehabber in the St. Louis market. The building is completely gutted and yes there should be a holding period. My mentor has initially estimated the cost at $110K however I think that is low... Before I would even think about wholesaling this, I would have to get the price lower. If they won't then I won't present this because it is simply not a deal. No deal to investor = no representation from me

@Joel Owens The square footage of the property is 7020 and it is a pretty big building. I would assume the rehabber would hold on to the building which it is in a great neighbor and school district. It is also between two major Universities in St. Louis, my fellow brothers have advised me to drive the price down to the lowest amount. I am working on this now to wrap this up. I really appreciate everyone who has contributed to this thread to help me with this possible deal.