All Forum Posts by: Jorge Vazquez

In my experience, the most popular colors that I've painted for the past few years are around the Tony Taupe and Mindful Grey color scheme from Sherwin Williams. Usually customers use those colors when they're about to sell their house.

@Daniel Jackson 
I agree, and you're right, we don't have a marketing plan. We mainly do word of mouth or some referrals here and there. I guess you can say that I have trouble selling ourselves to the customer, I'm trying to learn by shadowing my contractors when they're speaking to them. 

Thank you for the advice though, it makes sense. 

@Eric Armstrong Originally, it was going to be our primary residence for a few years then rent it out. 

@Chris Mason Thank you so much for you advice! I didn't know interest rates could drop for those reasons 

Unfortunately, things turned rather ugly since the day I posted this. So we're not sure what will be the outcome for this house. 

Hey, i need some advice on a current situation.

My in laws were selling their house about 2 years ago for about 250k but took it off the market due to my wife's step dad being diagnosed with Amyloidosis. They're getting ready put it up on the market again soon but told us if we wanted it we could take it for 230k, which will break them even. Im pretty sure theyll be asking for at least 260k now on the market. There are a few and minor things that needs repairs since they maintained the house pretty well(second family to own it), just needs some upgrades.

Her step father came up with the idea of us buying it from them and they'll be renting it from us till they decide they're ready to move back to Delaware or downgrade to an apartment, that way we get some income on the side and also help our credit score.

We're a starting out family, so my wife, daughter, and I live in my parents basement. My wife recently graduated from her school and is now waiting on her license to get a job and my current job/income isn't that great.

I'm not very optimistic about my wifes step father living until next year, giving us enough time to save for a down payment though. 

I feel like this could have some potential, but since I'm new to RE investing, I don't have enough knowledge to fully take advantage of the home. I thought about house hacking it for a year or two til I'm able to do the upgrades necessary, then having it as a rental property.

What do you guys suggest? 

@Adrienne Bryson 
Oh yeah, that's why I haven't looked for deals just yet. I try to plan things out before I jump in and make a promise, I don't want to look like a reckless wanna be without having a strategy. I have 2 investors willing to work with me, the first is a starting investor (Used to be a CFO but now owns a garage floor company.. also my old boss) and the second is one of my contractors that used to house flip for a living a few years ago. Both are rather unreliable at the moment, so I prefer not to put all my eggs in one basket with them.  

But, for the first time, how can I show them I'm serious without having a deal yet? 

@David Bokman Yeah I agree. Sales and marketing is something I've been working on for the past year or so (before my interest in RE). The cost of the property I'm practicing, between being the painting industry and having relatives and friends that work in different parts in contraction gives me a general knowledge of it, again, no where near being a pro at it though. 

@Lesley Rodriguez I agree! I saw an interview with him and later found a webinar of his that taught us all about it. Thank you! Good luck to you  too! 

@Shaq Jones I actually thought finding buyers were the easiest, but reading through here, I understood more why a lot of investors look past wholesalers and why a lot of direct mail gets thrown away. I wanted to ask investors point of view on some things a beginning wholesaler can do to get their contact info and preferences without having the first deal yet.

I agree though, but it sucks that some wholesalers just try to give the rest a bad name, the ones who are actually trying to do the right thing. 

@John Thedford 
I appreciate the criticism and the advice, but i already know your views on wholesalers from your previous comments on other threads.
I respect your take on this and wanting to do things by the book, but please don't label all wholesalers as scammers and/or frauds. 
Dealing with my wife's old school step-father, I've come to realize that old school will never understand new school and vise versa. 

@Stephen Anderson Thank you! That actually gives me a better starting point than what I was planning

@David D'Errico I just worry on not having investers to buy the property or even look at it. Being on here and reading about how some wholesalers make the rest look like scum doesn't really help.
But thank you for the advise! I'll definitely practice! 

Hey guys,

Since I'm new at this, I want to start wholesaling to gain enough money to invest on flips and rentals.

I've read Nick Ruiz's Flip book, I'm not sure what BP view is on him or his book, but i found it super informational. It broke down on a lot of the material for a beginner, even though 2/5 of it was mind set talk and his raise from his bankruptcy from the crash. Either way, I somewhat know what to do. He had few formulas and explained how he calculated his offers; my father has been in the painting business for about 20 years and knows what it takes to repair a house, so I have basic understanding on calculating the repairs. Of course l need more experiance and I'm nowhere near being a pro at it.

I've been doing some reading around here and I realized, wholesalers have a bad reputation and most investors dont bother looking at their deals.

So I want to know how and what can a wholesaler do to get your attention and willingness to work with them?

I was planning on being honest and letting them know I'm new to wholesaling, if i could contact them if I'm able to find a deal. I don't want to come off as a arrogant brat with the "best deals ever" type of wholesaler.

Finding the best way to contact and interact with investors is one reason why I havent started yet, the fear of being labeled as that kind of wholesaler (without knowing it especially).

@Ryan Johnston 

@Evan Morton 

@Taneka Nesbitt 

@Mark Nolan

Seems like tagging doesnt work on mobile either 

@Bill Hampton Thank you! 

@Mark Nolan Thank you I'll defiantly check it out! 

@Taneka Nesbitt Thank you that'll be awesome! Same here, i almost stopped thinking about getting into it because of the negativity, but i managed to pull through that though lol

@Ryan Johnston That would be so great! Where are the sellers usally located? 

Sorry for the late response, the BP app and website are acting up on me on my mobile:(