All Forum Posts by: Jake Burkons

 Thank you, I will look into that!

Hello Bigger Pockets,

I am currently cold calling for a wholesaling company. I often run into a recurring issue when I'm calling people and was hoping someone may have some insight or tips for me. 
When I do reach someone via phone they typically want to get off the phone quickly and are not willing to listen to my pitch. Any tips on how to approach people to get them to hear me out before hanging up.  I am open and willing to learn any and all sales tactics.

Respectfully, 

Jake Burkons

Hey Ryan, I'm currently in high school and I'm going to college next year. Do you think banks would give an 18 year old a loan to do this or should I build my credit first ? If so, what banks should I consult about this? I currently own a rental myself and have experience managing it.

Investment Info:

Condo fix & flip investment.

Purchase price: $28,000
Cash invested: $33,292
Sale price: $130,000

This is my fourth Fix and Flip, with the same group of investors form my first condo sold.

What made you interested in investing in this type of deal?

Price point was a great value for this area.
It was in an area with many attractions and businesses near by. The school district was also fairly decent so it was perfect for families..

How did you find this deal and how did you negotiate it?

This deal was an arms length transaction. I negotiated the deal as a package deal for four units.

How did you finance this deal?

All Cash

How did you add value to the deal?

Higher end renevations and increased the overall value of condos in the complex by completing the biggest sale in complex history.

Lessons learned? Challenges?

I learned I must develop relationships with reputable contractors and create a power team of people I trust.

@Zach Edelman No. I paid Cash for this property. 

All in I was at $59,292 (Purchase price + Renovations). ( it won't allow me to modify the number above)

I flipped three others with similar numbers as well. 

Respectfully,

Jake Burkons

@Bryant Brislin Thank you so much.

Whats the best way to contact you? 

Sincerely,

Jake Burkons

The other images won't load sorry for the inconvenience.

Investment Info:

Condo fix & flip investment in Painesville.

Purchase price: $26,000
Cash invested: $59,292
Sale price: $123,000

Hello everyone,
I am 18 years old and new to real estate, this was my first ever Fix and Flip. Me and a group of investors bought four condos for 130k and this was the first one we sold.
Let me know what you think!

Investment Info:

Condo fix & flip investment.

Purchase price: $26,000
Cash invested: $59,292
Sale price: $123,000

Me and my group of investors bout four condos for 130k and this was the first one we sold.

Hello everyone,

My partner, Avi, and I are both enthusiastic, driven and hard-working 18-year-olds looking to JV with an experienced wholesaler and learn the ropes. We both have invested in our own properties and own a few rentals ourselves so we are not completely new to real estate.

However, since we are young it is hard to find reputable wholesalers who we could JV for and learn the business.

Where is the best place to look and are there any tips anyone my have for someone just starting out JV wholesaling.

Respectfully,

Jake Burkons