All Forum Posts by: Iverem Rose

@Jonathan Wishnia

Welcome to Bigger Pockets!! Its great to see that you know where you are going. Now its about putting a plan together to reach the destination. Id recommend reading the Ultimate Beginners Guide to Real Estate Investing by Brandon Turner, attend local REIA meetings regularly, and reach out the BP community with any questions and concerns you may have.

@Matt R.

You could either expand your areas of interest or conduct targeted mailing campaign so that you negotiate directly with the seller and get a better deal

@Richard Sanchez

Weimark. Its very popular among landlords in NYC. I believe they  deal with clients nationwide as well. It performs thorough background and credit check by scouring court records and documents 

@James Denon

Id pass on the deal too. There's too many red flags. Given the location, you are going to have a difficult time attracting good tenants.

@Chase Hancock

Protect yourself by getting licensed. Are you familiar with California laws regarding real estate transactions?

@Joshua Manning

I agree with @Kurt Charles. Getting your license protects you from a legal standpoint and grants you access to MLS, where you'll find your deals. Not only that, when working in a brokerage, you will gain the experience of working with buyers and sellers that will inevitably serve you well if your intentions is to wholesale. There are some states that are making it hard for wholesalers to operate as usual because of how unscrupulous many have been in the past. If caught, you are at risk of receiving hefty fines. So yea, i say license is the way to go

@Aryelle Collins

Congrats on finding a mentor! If you present a good deal on the bp marketplace, you could attract someone willing to partner with you on the deal

Thats why like Bigger Pockets. Its the only site I know where there some degree of accountability required of its members.

@Al Smith

Good for you Al!

That's outrageous. You have to put up at least 5k only to give them 50 percent of the profits. Sounds like a one sided deal to me and its not exactly in your favor

@Lindsay Banaszewski

Hey Lindsay!

Check this link out

https://www.biggerpockets.com/renewsblog/2011/04/04/real-estate-guru-scam-trap/