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All Forum Posts by: Jewell Ford

Jewell Ford has started 2 posts and replied 3 times.

hello, is it possible to estimate a rehab without a contractor? I’ve used a contractor for 4 properties already and I feel bad asking him to keep coming out with no money. Is it possible I can estimate myself?

Also once I get the contract from the seller do I submit the contract to the tittle company or do I wait to find a buyer and submit the contract and assignment of contract at the same time?

Post: Getting started/ wholesale/ rehab

Jewell FordPosted
  • Posts 5
  • Votes 0
Originally posted by @Gareth Jackson:

@Jewell Ford if you do not have the cash on hand to buy and fix properties right now then wholesaling is a good way to go but you need to learn as much as you can about your local market in order to be successful. It takes more than just finding a distressed property or coming across a motivated seller. The key is finding a great deal that will generate interest from multiple buyers. You need to learn about sourcing leads, what goes into a rehab, how to run comps, etc. to ultimately be successful as a wholesaler.  

@Gareth Jackson Thank you so much! When you say sourcing leads what do you mean? 

I like that you said it takes more than finding a distressed property because we’ve found a few and we’re hoping to contact the owners pretty soon but now that you said it must generate interest buyers we will hold off for a second. How will we know who the interested buyers are? Do we market first? Thank you Gareth!

Post: Getting started/ wholesale/ rehab

Jewell FordPosted
  • Posts 5
  • Votes 0

Hello our names is Jewell and Angela and we’re just getting started in real estate. We’re both 23 with okay credit but not good enough for big time loans. We want to rehab mostly but we’re kind of looking into wholesaling to get started if we can’t find a private money lender. We attended the than Merrill workshop and yes a lot of good information but if were going to be honest they are a business and they make a lot of money on people buying their products so they won’t give away any others that’s could help newbies out.

Is wholesaling a good way to get started?