All Forum Posts by: Javonte Hardiman

@Brian Pulaski Wholesalers get property under contract in "as is" condition...And again, sellers are 100% aware the wholesaler is going to make some kind of profit......Just as a seller could put a property on CL to get more, China manufactures probably could get more for the Iphones that Apple pay them to make, it's called wholesale for a reason.... That example you gave was pointless. Again, every single person on this thread has wholesaled at least 100 times throughout the course of their life. That's the equivalent of saying, "Hey, why does a promoter pay a celebrity 50k to come to a venue and do a show when the celebrity can just book the venue themselves and make 80k....Your analogies are terrible.....Lol... So lets go over some facts in case you all forgot that quick.

1. Wholesalers get property under contract in as is condition and leave enough spread for them to profit(basic fourth grade business principle)

2. Those 30k spreads are not as common as 3-7k profit spreads...Read that again...

3. Sellers are 100% aware that you'll make a profit and are aware of their other options(Read that again)

4. Many wholesalers ask sellers, "Hey, have you thought about just listing this property with a realtor?" Which many still insist on working with the wholesaler for their own reasons.

5. If you are not in business to help people while also making a profit, you shouldn't be in business at all.

6. If you never leave a spread for you to profit in your business, you shouldn't be in business at all. Read that again.

7. Wholesalers solve problems, save credit scores and get rid of heavy burdens.

8. Wholesalers pay taxes

9. You mentioned there are some shady wholesalers out there. That was another pointless comment of yours. Newsflash: WE KNOW! There are shady people in EVERY industry...From Real estate to politics..smh...Again, Terrible...

10.. I have received hugs, kisses and gift cards for my service.

@Mary M. Wholesalers buy "as is" ...They get it under contract for what the property is worth in its current condition. Wholesalers say, "here is what I am able to buy it for in order to make a profit."  Home sellers know you're going to profit from the deal and most of the time are happy that you are. Why? Because getting rid of their headache property fast is more important than what you may profit.  Again, people who have been ripped off don't give you a hug at closing, text you on holidays and/or send gift cards which have been my personal experience. 

@Mary M. America is built from wholesaling. I've never seen people send gift cards after being ripped off. Wholesalers provide value, people who rip you provide false hope.  Furthermore, home sellers are well aware that you will make a profit from their property. You, mary, have wholesaled at least 100 times throughout the course of your life in some way. If you don't understand Jess white's comment, I have nothing more to say. 

Wish you the best. Goodnight. 

 Best comment by far!

@Steve K. There is a clause next to the wholesalers name that says, "and/or assigns."  That gives wholesalers equitable interest in the property and the right to assign their equitable interest. I do agree that it is safer to get a license which I plan on obtaining.  I also genuinely wish you the best in each of your endeavors as well. Thanks.

@Ian Haas

Try a few credit unions and see if your proof of funds will work out for you.

I also can get you in contact with a well-known contractor who has some of the best prices I've run into. 

As for finding deals quicker, it all depends on if you want to spend the time learning how to work systems yourself to find deals or automate the deals that come to you by working with wholesalers who already have systems in place/ getting on their cash buyers list.  

I'll pm you more info.

Hey ryan,

check out this forum about Fund and Grow. There are 528 comments on the topic. 

Hope this helps. 

https://www.biggerpockets.com/forums/50/topics/439644-fund-and-grow-financing

@Steve K.  and the rest of you people. 

The damn article is titled, "the ultimate guide to real estate wholesaling." LOL...

On that same article, he went on to mention how wholesalers can actually be successful.  

He stated,

1. Find Great Deals

2. Drive For Dollars

3. Send Direct Mail etc

All methods that wholesalers use.

and he also goes on to explain the math on a wholesale deal. 

Also, I have both Joshua Dorkin's and  Brandon Turner's book. Both of them talk about how to legally wholesale and yes they do state that it's safer to get a license and that laws vary state by state.  Furthermore, there are, in fact, wholesalers who operate their business the wrong way. Yes, there are wholesalers with bad intentions but there's also snakes in every single industry. Do you REALLY want to have a conversation about law-abiding and ethics with me? Have you checked the not so ethical history of real estate lawmakers? I can go deeper than that but I won't.  I've said this once and I'll say it again, I've received kisses, hugs and gift cards for my services and will continue to use wholesaling as one of my exit strategies and pay my taxes.  There are thousands of professional wholesalers around the country who help families, provide for their own families, help investors feed their families and pay their taxes. I wish every single real estate wholesaler the best!

I wonder if @John Thedford and @Mary M. and all other miserable haters realize that the owners of biggerpockets have used wholesaling as one of their exit strategies? Not only have they wholesaled themselves but they also teach it and BUY contracts from wholesalers.  I've heard both Joshua Dorkin and Brandon Turner say it on Podcast and in books.  If you didn't know, now you do. With that said, every second you continue your account on this website is a clear example of your hypocrisy.  BEAT IT!

Hey @Anthony Pascual , 

consider checking out a book called Long Distance Real Estate Investing. That book has been recommended by a few rental property investors I work with.

I have relatives who are also real estate investors from California. They moved from Cali to Wisconsin a half-decade ago due to the overpriced market, which limited their investing opportunities. I personally work with investors from Mountain View and San Bernardino. They're attracted to the unique prices, locations and returns our market provides.  Even outside of my local market, the midwest, in general, is known for providing some of the best returns in the country.  If you're interested in checking out some of the cash flowing deals we often come across, simply pm me and we can connect. Currently, I have a turnkey duplex under contract with long-term tenants in a great location. Already cash flowing!  If you're interested in taking a look at the numbers on this property, shoot me a message. 

Thanks.