All Forum Posts by: Jordan Freeman

 Hey Tom, thanks for the insight. Not looking reinvent the wheel although that does sound cool haha. Much appreciated input :)

hello again bp, glad to be on. Had a few things I had been thinking about lately in relation to wholesaling. Hope to get some good feedback. So in my time of learning about wholesaling from many sources, I have noticed the importance of building a buyers list. However I was curious to touch on this subject. As a new investor, I want to make sure I have a full understanding of the process and what works and what doesnt. So here we go.

When you have a property under contract, and are searching for a buyer, would it make sense to search for a regular home buyer to widen your margins and sell at full retail? I was interested in how differently this would pan out as the wholesaler is searching for deals with cash and I assume the buyer would need a loan of course. But could this work? If not, why? It seems that it would take more time, however could an effective marketing approach solve the issue of time or would you need to put too much money in to market effectively? I feel like agents would be happy to sell a slightly discounted home to a regular buyer to help them save money. However this could be me assuming. Any thoughts on this? 

Hey steve, thanks for the input! I'm not entirely familiar with the MLS but many people say it is a great place to look. What is your stance on that?

hello bp, here to ask a few questions to the community about learning from experienced professionals. I have been told by many of my new colleagues that it would be wise to seek a relationship ship with a local investor who would be willing to exchange advice and experience for my assistance in their own ventures. What would be the best way to find a relationship like this? I am in the Dallas area and am curious to make a connection with someone willing to teach how to get started and potentially do a long term joint venture. I'm definitely a people person! However not sure where to find these people. Thanks again bp community!

Hey bp, do I have been very curious to learn a little bit about the apartment buying process. What kind of experience would one need to have to purchase a complex between 20-50 units? Obviously experience is a bonus, but would an investor without experience be able to get financing? And I have also heard of teams that get together and buy these kinds of investments, REIT and other groups. How do you find these groups? And also, what kind of down payment is usually required to finance? I've heard of gurus doing no money down however I feel it to be very much an exception to the many rules of REI. would love some insight from the community! Thanks guys.

Thanks for all of the insight guys! I have been noticing that Alot of the numbers on condos are definitely not appealing when I look around for ones for sale. 

Hello again BP, I had some questions I was hoping to get some helpful answers too relating to condos as a first time home. I was recently told by many people that a great way to learn about real estate investing in the early stages would be to buy a home myself, to understand the ins and outs of home buying and ownership. So i was reading some of my old investing books to recap my knowledge and potentially bring some new ideas to light, and remembered about an idea I came across to buy a condo or town home as a rental investment and home owning experience. I thought this would be a great way to start as I not only get the ins and outs of home ownership, but i also learn what its like to be a landlord. any thoughts on this? i was also curious about if town homes are usually more expensive or not and what kind of HOA fees i would be faced with. thanks so much!

Hello BP, Excited to be back on today and continue learning. I have been curious about the different professionals one would need to have access to in order to close a deal. As i have heard, many professionals can be involved in the buying process and i was curious as to who exactly would be needed in certain transactions such as wholesale deals or fix and flip, and rental investments. as a young adult trying to get in the business, i see it crucial to make sure i have to right people in my corner during a transaction. I was also curious as to how someone with limited credit would be able to close a deal? many gurus say you need absolutely nothing, however i understand this is far fetched and would like to be more sure about my decisions toward investing. I know capital is needed and am curious to find the best way to secure lenders and investors? thanks for everything.

Hello Russell, and thank you for the warm welcome! as a response to your comment about buying my own property, i had a few questions on the requirements of doing so.

1. What kind of credit score is required to buy a home, either as an investor or home owner?

2. Would it be wise to attain a license as an agent or broker to further my knowledge of real estate transactions?

thanks again russell!

My name is Jordan Freeman, i am a young 20, year old man interested in investing in real estate. i love all aspects of business and am always looking to improve myself. I have had some trouble figuring how to start, and was wondering where would be a good place to begin? i have hear many different theories about wholesaling and mentor programs, however i would prefer to learn as much as i can from experienced investors so that i may make the best decision for my career. thanks so much!