All Forum Posts by: Account Closed

Wholesaling is awesome! Like it better than when I owned 21 units of rental property. Newbies and Gurus will always damage the perception of wholesaling of most investors but me and my buyers are doing great!

@Phillip Hooks-Wright I am going to give it to you straight. It is not possible to wholesale with no money. If you have no money or very little, or if you are struggling to pay your bills then real estate investing is not for you right now. You need to get your finances in order before you get into this game. Wholesaling is promoted as the ‘get rich quick with no money’ way to get into real estate. Thats all bull crap. Everyone promoting that message has something to sell you. Period. It takes money to wholesale. It takes a lot of specialized knowledge to wholesale. There is a lot that goes into wholesaling that no one will tell you about. Start with getting your finances in order. While you are doing that take the time to actually learn about wholesaling. Actual info, not that Max Maxwell garbage. Go to meetups and REIAs. Start talking to people who actually do what you are trying to do. Thats honestly the best advice I can give you. Probably not what you wanted hear. Good luck!

I have no idea why folks spend a ton of hard earned money on these "guru"  classes. It seems not the best way to spend money. You could have used that $8800 to possibly have partnered with someone locally that is already doing the subject to deals to figure it out first hand. "Gurus' make money off chumps imo. Do you know of any so called guru's that has become a billionaire from real estate? Please educate me if you know of one. The real real estate billionaires aren't doing that stuff, fyi. 

Hello all,

I'm going to be spending a tidy sum on inbound internet marketing starting late next week.  My goal is to simply monetize as much of what comes through the pipeline as possible. So, I cannot be a one trick wholesaling pony.

To that end, my wife and I have  been getting our ducks in a row.

• RE license. Check.
• Buyers list. Check.
• Target market. Check.

That said, I have been finding it exceedingly difficult to:

1. Find a mentor and give them money for help with my "creative deals."  Basically, I'd like to say "Hey John, I have a deal. If it's worth your time to help me get this done, you can have half of the money, I'll gain knowledge. We both win."   
2. Find a real estate lawyer in FL who works with investors. 

Finding a mentor and giving them money is hard.  Finding a lawyer is hard.  What gives?  Everyone pounds the table saying "find a mentor and hire a lawyer" but why is it this difficult? 

I would really appreciate feedback. Let me just quickly highlight that the strategy I've been using to find mentors is the strategy I've been using to find buyers; meet ups.  

I've built a nice sized "buyers" list through meet ups but am skeptical these folks are even "buyers" as my success rate finding a creative real estate investing mentor who stands to benefit from the nearly $10k monthly I'll spend on marketing is proving to be an exercise in futility.  

As a YouTuber myself, I see its flooded with GURUS promoting $500 - $5000 products on how to invest in real estate "creatively."  It makes absolutely no sense for me to spend $5,000 on some course where the producer will pound the table telling me to hire a lawyer after I have paid him $5,000 - whereas, I could just pay a lawyer $5,000 to draw up a bunch of contracts. 

Thanks for listening and I welcome your thoughts! 

 One of the things I get really annoyed is by these so-called "gurus" who are selling this idea of wholesaling forgetting that there are so many issues going on including legalities, who pays what and environments where people screw over one another. It is literally insane.

 This is the best kept secret.

When all the gurus try to seduce wannabe RE investors without any money, they omit the fact that there will be money but much more time. This will be more than full time job without income to rely on....besides, legal obstacles might leave you not only without money from transaction but with money spent on lawyers.

After all, wholesaling is brokering without license. It takes one good complain to the Division if RE or Board of Realtors....it costs around here $10K for the first offense ....or maybe more now 

You probably don't need to reinvent the wheel with contracts.

We have a great Texas TREC contract that most people use and are familiar with including the attorneys and title companies.   Most of the good attorneys I know even suggest people use that one for residential purchase/sales.   While they could create a new one, then it takes time and potentially expense for others to read and understand it.

I can help if you dont have EMD. I can help you close , lets connect!

 Yes I am.  Trying to find more deals right here in Katy :)