All Forum Posts by: Jose Abreu

@Tom Kastorff is great advice. Remember you can buy real estate in any Cycle by buying them at the correct price. With all this going on you can find better deals if you follow @tjwatson advice.  You can select the best locations by a Watching the You tube video from Morris Invest called Best Cities to Invest. Guy is a technologist and has really cracked the code. KeyGlee.com or @jdamji (Co founder) on Instagram focuses on buying of Market deals at discounted prices which you can easily buy it from them at a discounted rate as well. They work in different markets and  have a team that have what it takes to talk and deal with investors. I don't work with them but I know they do lots of deals with investors like you and work with Integrity.      I know a realtor with keller williams that have a team in different markets and I can share a Due diligence sheet  you can go through when you got the property send me a msg. Hope this helps...

@Joe Aquilina

Your welcome.  The following link is from a reputable source. Use this for all your Low down payment questions including up to date available mortgage rates etc. Good Luck !

https://www.lowdownpaymentfacts.com/

Glad we are on the same page. Always create a win win situation and you'll succeed.

Don't give up on acquiring a Multifamily 3-4 unit in a hot Market! You just have to tweek your way around once you got that down payment. Listsource.com provides you the addresses and names of all the Multifamily properties in the Area of interest. Once you have that information send the owner a personalized letter. Let them know your age and your dream of wanting to become like them on buying your Multifamily and to please call you when they are ready to sell. This makes you their first option when selling. Sometimes they will consider a couple of thousands less just because they emphasized with you... This will take time but definitely worth doing when Market is HOT.   

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@Chuck Taylor what was your stats when you first started? Credit Score? Did you have Business Credit before?...

I'm with Bob when he says no respectable contractor is going to waste his time consulting for free but don't give up. Call a few of them, especially if the seller is motivated. Ask if they give free estimates. Brian mentioned you can offer referrals in return. Other options in case those didn't work is paying them a fee for their time. If you have a motivated seller you have to make something work. Before wasting your or other people's time try to find out what is the sellers problem. If they are in need to sell at a discounted price they have a problem that you must solve ASAP to get paid. You can find this out by building Rapport. If there isn't a problem or urgency you will waste your and other peoples time. You will make money wholesaling by solving other people's problem so you must find out what is it... I also suggest going to meetup group events that talk about running estimates and other REI topics. By doing this you can accomplish Meeting other experienced people that can help you in many other things that you will run into. Including understanding better your target market which is crucial for a wholesaler or any investor. 2) You can provide value by Joint Venturing with someone with knowledge which means you find the deal and they will help you making it happen and they get a piece of the pie. This allows you to keep moving forward, locking up deals and learning along the way. As a wholesaler you will always need to keep yourself updated, so learning will be key in any level you're in. The most experienced Real Estate Investors spend Tens of thousands in Masterminds and Mentoring. Just make sure you get help by the right people. Meetup.com provide great meetups like the ones that are ran by Hard Money lenders like Peak Private lending (New Jersey Real Estate Investment Group - NJREI Group) that meet once a month or other lenders like Express Capital and Arkad. If you want to make things happen, I Highly suggest you take my recommendations seriously ....... Become a member of your local REIA (REAL Estate Investors Association) to meet like minded individuals will also be important. Just make sure when you go to these meeting introduce yourself to as many people as possible and let them know what your doing….

If these where golden nuggets for you I will appreciate a vote. Votes are similar to "likes" on Facebook. When someone agrees or likes what you write, they will "vote" on your post.
You have to click on the votes tab number and it will add your vote. Wish you the best!

Golden Nugget hear will solve all your troubles. 

https://www.lowdownpaymentfacts.com/

Hope this will help.

You can send the seller the contract through DocuSign, email or FEDEX. Which ever they prefer. A title company that are familiar with Wholesaling in NY and NJ that I have used is Riverside Abstract, LLC (Bigger pockets don't allow phone numbers being posted so look them up).
You don't need an attorney but having one to explain the terms on the contract to your seller or sellers lawyer is important. Especially if they are not investor friendly, meaning they never went through a wholesale (assignable) agreement. If your sellers lawyer never did one you will lose that deal especially if you don't have a Lawyer that will explain.  Plus a lawyer will make sure your contract has specific clauses that protect you.  If you got a Motivated seller you got to pull the trigger ASAP even though you don't know everything because the seller can find another buyer or investor. You will learn as you continue getting more deals and investing in yourself (Knowledge). If you need more help just send me a msg. I already accepted you on a previous message. If these where golden nuggets for you I will appreciate a vote. Votes are similar to "likes" on Facebook. When someone agrees or likes what you write, they will "vote" on your post.
You have to click on the votes tab number and it will add your vote.      Wish you the best!  

You can do it without an attorney  but in your situation that the sellers lawyer is waiting for your attorneys response you need one ASAP. Time is very important. You don't want to loose the deal.  When searching for one make sure he is investor friendly,  meaning he knows how to deal with assignment contracts. 

Like Roland said if your wholesaling the property, You provide the paperwork. Your attorney can do that for you. Just remember if he is not investor friendly he might not know how to do one. A title company that work with Wholesale deals can also send one to you via Email. If you get a deal in NJ or any other state let me know. We can JV.