All Forum Posts by: Jeff Joachim

@William Fritsche

 I'm assuming this is an email that you have sent to the wholesaler. It seems like you are asking a lot of the right questions. Based on what you wrote, it seems like you are looking for something only needing light or cosmetic rehab that is almost turn key. I would let them know what your budget is and how quickly you can close if they find you the right deal.

I do a bit of wholesaling here in Orlando and I am also a real estate broker. I'm curious to know how your wholesaling experience goes in Jacksonville. Best of Luck!

@Johnny L. Here in Orlando, Fl it seems like a majority of the people that take the class online seem to fail more than those that take the course in person on the first try. I personally did mine online for both my sales associate and brokers license and passed on the first try. However, I read the textbook cover to cover and took tons of test prep.

Most people fail not because a lack of knowledge, but a lack of wisdom when taking the test. A good friend of mine is great a memorization and learning definitions, but doesn't do so well at extracting lessons, themes and nuance so he failed multiple times after studying online. He finally took the class in person and the teacher told him what to look out for and the ways that they will try to trip you up with the wording on the test, etc. That seemed to be the difference maker, and he passed after failing 2 times. 

Best of luck to you Johnny!

@Blake Dowe You have to find someone that subscribes to the same investing ideology that you have. I would talk to the successful folks at the yacht club that you have a good rapport with and find out which ones have made their money in real estate. Ask them how they found success in real estate and get specifics on their investment strategy. 

Let's say one of the folks from the yacht club tells you they only buy houses that they can pick up for 65% ARV on the west side of town. Ask them, if you were to find a property like that would they be willing to partner with you on the deal. That is the quick way of doing it. However, if you have time, I'd recommend going the route that I went if possible.

I found my business partner because I adopted them as a mentor. They had a high net  worth and owned 200+ properties at the time.  I told them that I wanted to learn everything I could from them. I would buy them lunch, ask what books they read, how they built their fortune and volunteer to help out for free on any upcoming projects. Meanwhile, I was building credibility with them by showing a strong work ethic and that I grasped the concepts they were teaching me. When I happened to mention a good deal that I came across, they offered to partner with me...and the rest is history. 

A few sandwiches, reading a few recommended books,  and a genuine interest in investing led me to developing a great friendship, mentor and business partner. 

I'll be rooting for you here in Orlando, Fl Blake! Keep us posted on your progress!

Congrats @Joe T.!! Please keep us posted on your progress. You're off to a great start!

Sounds pretty cool @Mark Wallis...I've never heard of that before. Thanks for sharing!

Great question @Daniel H. ! I'm downloading the app now @Mike Sedlacek..thanks for the tip!

@Linda Weygant

 Congrats on the new rental and may your properties continue pooping money for you!

very helpful post @Joshua Dorkin...thanks!

@Erik Lindquist Should you choose to keep offering in the same market, increase your volume of offers, follow up on offers you made that have been previously rejected by the seller, write offers with better contingencies (lower inspection period, higher deposit), open up new channels to offer on like auction and off market properties if those are realistic options for you. 

I work for an investment real estate firm here in Orlando, Fl. Most of the new investors I work with typically get started with flips until they build up enough cash reserves to buy and hold.  

@Sharaya Rutherford Best of luck and keep us posted on your progress!