All Forum Posts by: Katlynn Teague

Suggest you have an experienced mentor or contractor check out the property with you prior to or during your due diligence period with the Seller to ensure you don't overlook anything major; no surprises is best; little things can be absorbed, major things usually can't be without possibly losing money on the deal. Better to find out ahead of time and don't do the deal if rehab is too costly relative to comps and ARV.

Have some questions about your first wholesale deal, do  you have a contact email - please advise. Thanks. 

Hampton Logan

Weiss Advice (from Yonah Weiss)

@Katlynn Teague - 

I like to listen to investors who are asset agnostic and focus on macro trends, then follow those trends down to how real estate is effected. 

- George Gammon has really good insights and puts the info into a digestible format. 

- Robert Kiyosaki is always a fun listen 

- These days I am choosing the BP On the Market Podcase over the standard or rookie show .. but the BP Classic or Rookie show are always fun. 

- Onward by Fundrise 

- The Real Estate CPA Podcase. Very technical show, but informative. 

- Driven by Insights by Walker and Dunlop (a big CRE finance operation)

All of these are good, but if I am pressed or time and have to pick, I usually go with On the Market then George Gammon. 

Happy listening! 

Welcome to Atlanta Chris!!

I am an investor and realtor in Atlanta, and i host a weekly virtual (zoom) financial freedom mastermind group on Wednesdays at 7pm Eastern. More than happy to forward you the info, as we have a lot of atlanta based investors on the call

You just have to know what you are getting in to. Most wholesaers have no idea what to do once they get a lead and end up negotiating a crappy "deal" or a crappy contract with crappy terms. 

In my opinion- depending upon the condition of the property, the biggest problem with wholesalers is that they always negotiate quick close, cash deals. Sometimes that is necessary, BUT- in many cases it is not and it's usually just lazy and uniformed negotiating.

As a wholesaler, if you negotiate 45 day terms, you'll open your buyer pool up tenfold and create win/wins for everyone. 

I am a wholesaler and have heard horror stories from some investors. On the surface wholesaling is easy to get into and can come across as a quick way to raise cash. Because of that the market is overflowing with wholesalers, many of which are solely focused on making a quick buck versus establishing relationships with investors and truly helping sellers who are in a tough spot. Unfortunately, many have no ethics, aren't true to their word, and are not willing to do some additional legwork beyond putting properties on contract for whatever price.