All Forum Posts by: Kenny Breeze

@Matt P. it's quite common in Europe and other countries to travel the world and first get a broader perspective of the world before getting stuck in a corporate box, which more and more people are avoiding because the classic industrial age model has been breaking up for decades now and  jobs as we know them have been vanishing since the 80's.

Hey, everyone. Quick question here: What is Whole-tailing?

So far I haven't found an exact explanation anywhere online. It'd be great if someone could clarify or post a link to a blog. 

Thanks,

Kenny 

What are the advantages of purchasing a multiplex that is incorporated into an LLC rather than buying it from an individual?

Ok, Thanks for all the good advice. :)

Hey, thanks for all the awesome answers. @Account Closed So if I understand correctly, I should focus on negotiating the deal down as far as possible and not focus on doing the analysis part, because the flipper/rehabber will do it himself. But how do Wholesalers then know if it‘s a good deal or not if we don‘t do our own evaluation? Don‘t we need the MAO so we know if it‘s a deal worth "selling" to our/a cash buyer?

Hey everyone, two questions here. When your evaluating a wholesale deal, what should someone do if they don‘t how much to enter for the flippers profit, because they don‘t have a cash buyer yet? Is there a rule of thumb like 15K or 20K to insert.

The answer might be find buyer first then look for a deal, but I here so much confusion on that specific topic as well: What to look for first, buyer or deal? Some say find a buyer first so you have them ready to buy your deal. But others say you find buyers once you have the deal, because with a deal buyers will want to work with you, instead of you just asking them without a deal: "would you like to be on my buyers list?". If someone could clarify that would be awesome.

Thx for the help.

Hey Everyone,

I‘m interested in purchasing my first 3-plex in Maine and i‘m doing my eval. on the property right now. How do I pull comps to figure out the ARV of the property. Would I need to ask a realtor, if yes do you know anyone or are you one in Maine. Could I also rely on portals like zillow and trulia?

Thanks,

Kenny

Listen to Benjamin he knows his stuff ;D. I'm still in school, but I want to become financially free. I've been learning about Real estate, mainly wholesaling since March. My experience so far is you have to educate yourself about many aspects of the Real estate business. You also ask yourself here and then when can I do my first deal, will I ever understand it all, what's my motivation and so on. It's even more difficult when you have a job or your in school. 

Discipline is the next thing that you have to practise. It's hard and your doing this for months and sometimes, according to other investors, even a couple of years before some results. It all depends on your discipline. I sometimes have hard times deciding wether to play some video games or learn about Real estate :D. The best way to stay focused and disciplined is stay away from your screen, phone and so on and really take the time. Once i'm in the flow of reading I don't stop till i'm tired.

But learning isn't the only thing that will get you started. I always feel bad or not accomplished if I hadn't done anything or haven't gone forward into succeeding in my dream on that day. So what I do is a Test Evaluation. I pretend i'm doing a deal and use the calculators on the bigger pockets website to help me through it. I'll tell you you'll learn a lot. Force yourself one Test Eval a day. It shows you what you need to find out and what to learn. In the beginning I always asked myself "what do I have to learn, there's so much?!". 

The truth is also you will have to sacrifice most of your free time. For me I only get to hang with my friends at school and play an hour at night after homework. Sometimes it's demotivating not having so much fun, but i'm convinced if you work hard you'll succeed. 

Before you learn all that fun stuff ask yourself why and for whom your ding this. These questions are the most important throughout your Real Estate or Any Business career. Doesn't matter if it takes 30min or 5 hours you have to know those answers, because that will be the "fuel to your car". No Gas no Driving forward. 

So to start read and apply what you've read. Also, Start looking for a team you'll need that no matter what. It's important for numerous reason, one is they know other things than you do. Talk to people on bigger pockets and go to your local Real Estate Club. I recommend to start with this article:How to Get Started in Real Estate With Less Than $1,000 and The Ultimate Beginner’s Guide to Real Estate Wholesaling 90

Happy Wholesaling,

Kenny

What's up guys, got a question for you. Let's say your a wholesaler and you did a direct mail campaign. You get a call from Jim a distressed owner and you ask questions about the property. Let's say the deal sounds interesting, so my question is should i make an offer on the phone before even estimating anything and send him a contract so you "secure the deal" or should I tell him i'll call you in 3 days after i've analysed the deal fully and then send him a contract when i've run the numbers?

Awesome Guys thanks for the fast replies. :) First i'd like to say I will never let anyone say "your only 16", because I already have enough class mates saying that to me, wich I learned to handle. But I forgot to mention in my post that I live in Germany. It's a huge problem, because laws in Germany prevent/make it more difficult for us to do Real Estate. It's an added obstacle, but obstacles are there to be crossed right? We're looking for a team, that is in the area, because they can do the local work. We can than do the work needed online. Read my Bio if you want to know more.

Thanks,

Kenny