All Forum Posts by: Jonatan Barbera

@Darionn James-Trigg don't over think getting started. As a wholesale starting off you don't need an LLC or anything fancy. Like @Rick Pozos said, just get simple business cards from Vista print with your name, number, email, and a line that says real estate investor so people know. Now start networking like crazy. I don't care for the REIA's that much as they are all guru led and they're always trying to sell some BS program. Instead try attending happy hours and other of those types of meetups where you can spend more one on one networking and getting to know people. I started how you are now so if you have any questions reach out.

@Ian Alvarez always willing to help. Send me a PM and we can't setup a time to meet.

@Cammeron Williams do a ton of networking. But really network. Don't just go and talk to friends. Actually talk to people you don't know every time. This will help you answer a lot of questions. As far as you lack of funds, partner. I started in real estate through partnering and continue to do so 6 years in. If you can find the deal you can partner with someone that has money. Let me know if you have specific questions.

@Ian Alvare welcome to SA! It's good that you want to start with SFR. For a couple of years now it's been hard to get a MF that makes any sense. Being that cash flow is really good here no one that has a MF would let it go at a reasonable price unless it's in the ghetto. It's really hard to find a good deal on the MLS but it's even harder to find a wholesaler that isn't trying to sell you crap. This journey won't be easy but it's definitely possible. Just be ready to be patient and put in a lot of work. Shoot me a message so we can discuss details.

Skyler Harris pm me and I’ll give the info to the guy we’ve used in over 13 projects. He provides you with an engineers report as well. Also, he leaves the holes open in case you need to fix plumbing which usually any lift over 3” near plumbing you’ll break something.

Alex Ireta the point of wealth building in real estate is cash flow. Flipping houses is very risky and speculative. I wouldn’t sell a house that has that much equity and cash flow for potential profit from a flip.

Matthew Burns I definitely don’t recommend paying someone for Mentorship. I think it’s the biggest waste of money. If you’re willing to put in the work and learn you don’t need a mentor instead look for experienced partners for deals. Feel free to reach out with questions. Also, try attending local real estate meetups to see who the players are and what the strategies are that would work better for you.

John De La Garza we use a different number if we’re testing out different campaigns. We like a service called CallRail. It’s $30/mo for 10 numbers. The best part is that it records each call so you can answer even if you’re by a pen and paper and go back later to take notes.

@Kenny Penn it sounds like you need to take advantage of your current income and credit and start picking up properties for cash flow.

@Kenny Penn You're not always going to make $10K per month. Some months you'll make $50K+ and some $2K. You have to decide if you want real estate as a business or as an investment. What I mean by this is, do you love real estate investing so much that you're willing to do this full-time and deal with all of the **** that comes with wholesaling, flipping, marketing, accounting, finances, and much more? Or, are you looking to invest for cash flow and build wealth while you pursue your dreams of doing something else?

If you choose the first route, you will need both time and money. Now, you can leverage other peoples money if you have time or other peoples time if you have money. But either way, you need both.

If you choose the latter option then all you need is a decent W2 job and patience.

It's very possible to average out well over $10K/mo but it does take time and a lot of work.