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All Forum Posts by: Alaki T.

Alaki T. has started 3 posts and replied 13 times.

Post: Transactional Funding

Alaki T.Posted
  • Oakland, CA
  • Posts 16
  • Votes 7

I needed to know what you all said.  Thank you for your replies!

Post: How do I Make Money Off MLS deals?

Alaki T.Posted
  • Oakland, CA
  • Posts 16
  • Votes 7
Originally posted by @Brent Coombs:

If it's on the MLS, will there even be enough meat on the bone - if your Buyer/s scatter?...

 Yes there is 112% profit margin - 125% profit margin to be exact!

Post: How do I Make Money Off MLS deals?

Alaki T.Posted
  • Oakland, CA
  • Posts 16
  • Votes 7
Originally posted by @JR T.:

There is no free lunch. If you want to be a wholesaler you need marketing materials lead lists etc and continuously spend money on marketing to old leads and acquiring new ones.

If that work or investment doesn't appeal to you I'd find another industry. Real estate is 90% prospecting.

My niche is development and building if that helps broaden your perception about what I do. If not, then you need to stay in your lane.  You have no idea what I am trying to accomplish.  

Post: How do I Make Money Off MLS deals?

Alaki T.Posted
  • Oakland, CA
  • Posts 16
  • Votes 7

I am a wholesaler in California. Is Transactional funding the only legal way i can get paid off a deal from the mls by doing a double closing or are there less arduous and legal ways of getting paid through mls deals? Also recommendations on Transactional funding lenders  that youve done 2 or more deals with and had great success. Thanks :)

Post: Transactional Funding

Alaki T.Posted
  • Oakland, CA
  • Posts 16
  • Votes 7

Why or why not?

I have very good deals from my agent that i have end buyers for and i have been thinking about transaction funding all week. Anyone have experience doing this?  What was your experience like? Pros and cons?

Post: Good Markets in California to Flip

Alaki T.Posted
  • Oakland, CA
  • Posts 16
  • Votes 7

Are you an all cash buyer?

Thank you for this change....its a life changer! Yay!!

Post: What The H*** Is Wrong With Wholesalers

Alaki T.Posted
  • Oakland, CA
  • Posts 16
  • Votes 7

Im new to this wholesaling thing but imo i think if investors want better deals than they should give themselves direct exposure.  let wholesaler know exactly what you are looking for on your profiles, fb accounts, groups. For example BP has a section under profile thats asks what youre "seeking."  Let us know which markets you invest in what types of numbers you want and an example of an ideal deal you would buy...and update as often as needed.  Ive been doing this a week and after speaking with some investors in southern california to get some information as simple as a question like "what types of properties do you invest in"...its like pulling teeth.  Ive seen some investor blogs that say exactly what cities they are investing, types of properties they invest and the amounts. They have sections where they provide numbers which can give us wholesalers an idea of the kinds if deals we need to find.  Those are the investors creating success on both ends. But if investors are not doing either exposing exactly what they are seeking in social accounts....then you receive what you give or reap what you sew. 

Also, big websites like this should create apprenticeship programs where qualified investors may teach and train new wholesalers. I would not mind joining some type of program of this setup. The problem is most wholesalers (like myself) come in with little to no money.  If we are in the spirit of helping each other and can forsee the longterm benefits of creating a system that educates and empowers new wholesalers/entrpreneurs. Just a suggestion and probably not a new one....BP could set up a fee to join and investors can do 50/50 splits for the first 4 deals or however long the training lasts.  This will help wholesalers know right away whether or not this business is for them. Many investors may feel there is nothing in it for them but there is, you will make a lot more than what many of these so called trainers are making and you will continue to get solid deals from your wholesaling team even after theyve finished the program.  Just a thought.

Post: The Occupants from Hell!

Alaki T.Posted
  • Oakland, CA
  • Posts 16
  • Votes 7

God has greater plans for you, Will. Dont give up on Him, He hasnt given up on you!

Post: Due diligence

Alaki T.Posted
  • Oakland, CA
  • Posts 16
  • Votes 7