All Forum Posts by: Kent Mayes

Sounds Good! Thanks for the sound advice. Gave him a call a few days ago. Scheduled a a free estimate and he gave me a referral for another full time investor in town. Going over today to see whats up with the lead. Thanks again!

Got an appointment coming soon to look at a property that needs some work. Meeting with some local full time investors about the property a few days afterwards. Question is ...

Is it ethical to ask a third party contractor to go with me on the initial viewing of the property KNOWING that some of the full time investors have their own construction crews they exclusively do business?  

Alrighty! Thank you all for your prompt replies! Your input is most valuable. Upon further research of just running the name of the document  ... I couldn't find anything positive. Just one of those really salty documents that people should watch out for I guess! 

One more question ... Are there any other documents like this that new wholesalers like my self should look out for?

@Damarius Gilbert, @Rick Pozos, @Arpan Patel

'ey everyone!

Got a question relating to the initial contact of a potential wholesale deal. Looking for the best way to protect myself as a wholesaler when dealing with new investors. Upon my search and advice among everyone, the concept of a NCND came up and I am trying to wrap my mind around its presentation and how to use one.

How does a wholesaler legally obtain/use one of these? Are there ways to use this with the assignment contract? Something feels off about just editing templates you find off a google search.  Any input is greatly appreciated!

Thanks @Ibn Abney, @Shawn Ackerman, and @Lisa Edwards for your prompt reply! I will be in the process of putting all this into action! want to ask a little more on the subject.

Through 3rd person observations, I know there are bad, good, and better ways of finding reliable numbers when calculating estimated repair costs. Want to avoid as many annoying set backs as possible (ex. numbers not being reliable according to third party standards, underestimations, etc). Where are the better places (Not REI groups) to find RELIABLE contractors that are willing to work with someone in my position?

@Ibn Abneyundefined

So its been a while since my last post. Took some time to get my real estate sales agent license. But  my focus at this point in time is building cash reserve and vital skills through wholesaling.

Found a residential homeowner who wants to sell rather quickly, he says the house is in bad shape cause he got it for a deal.  Inspector says he didn't put alot of what they are having to fix into the house. 

What CAN be done in this situation? What should be done in this situation? 

What are good ways to make optimal profit off a residential home that needs extensive work from my current position?

Hi! My name is Kent and I currently reside in Corpus Christi, TX. I've been snooping around this website for around 1 and a half years and feel its time to start asking some questions that pertain to the goals I desire to shape towards being successful in Real Estate Investing.

One of my goals is to earn my Real Estate License this year and to under go training through Keller Williams. I have already taken the required class work, had my finger prints done, paid the application fee yaddayaddayadda.... and now study everyday to pass the real estate exam. Besides gaining sponsorship, passing the exam is all I have to do to gain the license.

After talking with a top recruiter at Keller Williams, he revealed that he believed the wholesaling method of real estate investing to be "unethical" by stating that it takes advantage of the seller in several ways. I have read similar views on this method of Real Estate Investing. Before hearing/researching this angle, I was pretty gung-ho on accomplishing/refining the wholesaling technique in investing before others.

If I plan to be trained and sponsored by the Keller Williams firm, should I realistically  give up hopes on developing proficient wholesaling skills? My main desire for aspirations in real estate is to be an investor and NOT a salesperson. I wouldn't mind the experience and training that is offered there but if the company's standards doesn't fit my aspirations I should try to attain a more fitting path towards moving forward, right?

Hi! My name is Kent and I currently reside in Corpus Christi, TX. I've been snooping around this website for around 1 and a half years and feel its time to start asking some questions that pertain to the goals I desire to shape towards being successful in Real Estate Investing.

One of these goals is to successfully wholesale a property to an investor. I do not have very much capital to start with, but time is becoming a more abundant resource for learning/acting.

I wanted to ask any experienced wholesaler (particularly ones who solidly have one deal a month) what their first deals were like. What kind of money did you have to invest initially? Was your credit score an obstacle in any way shape/form? How did you find the property? What steps did you take in order to secure this deal? Were you in contact with other real estate investors beforehand and worked out arrangements to workout a double close? Would you have done anything different with the experience that you have now? How do you obtain your leads now in comparison to how you did when first starting out? Input is greatly appreciated.