All Forum Posts by: Account Closed

Hey @Kaden Flores, great question. My business partner and I have been successfully utilizing wholesaling as an exit strategy for the past three years. To share our journey and insights, we’ve created a Facebook group where we offer valuable resources for free, including guides on contacting sellers and running the numbers on deals. If you’re interested, I’d love to invite you to join! We’re always happy to help and support others in their real estate journey.

Virtually every state licensing commission doesn't allow licensees to wholesale. The few that do, Florida because net listings are legal there, and South Carolina which made it a licensed brokerage activity. 

In addition to state real eatate commission issues on wholesaling, most E&O policies have an exclusion for the activity. So brokers that have an idea what their insurance covers, won't let you do it.

Russell, Wholesaling regulations are continuing to change. Hopefully, the other aspects of real estate investing will present opportunities on the horizon. Thank you for sharing. 

It's not necessary to pay for coaching programs, but that absolutely helps to FastTrack the process. The major downside is you'll have to filter through a few scammers and fake gurus.

I recommend (on your own) doing as much research and legwork as you can. This will allow you to make more informed decisions,  as well as bring some value when networking for relationships.  

Don't focus on getting a mentor for now. Focus more on "being of value" to those you meet. As you focus on what you can do for others  opportunities will present themselves to you.

For networking try the biggerpockets Facebook groups , try meetup.com, the real estate rookie Facebook groups and any wholesaling groups you can find. Be present and participate. 

Read books, have conversations and after a while you will understand how the more successful wholesalers conduct their business.  

After a while you can quickly determine if and what wholesaling programs are right for you.

Good luck.

The old Victorian homes near downtown Pueblo and the Aberdeen neighborhood are super charming. When I first moved to the area I fantasized about fixing one up for a primary residence. However, after learning about the education in District 60, we decided against it and bought in Pueblo West. I am not an expert on downtown Pueblo. However, I would say that the downtown and Riverwalk area gets a little bit nicer each year. Have you been to Fuel and Iron Food Hall? The culinary faculty from Pueblo CC created it after they closed the culinary program at the college. Over the past 5 years, I haven't seen any progress on District 60 schools getting any better. I also haven't really seen any progress on reducing crime and or homelessness in the city of Pueblo. Those would be my concerns.  

Here is one more prediction for Pueblo West. At some point a big developer is going to build a brand new "Restaurant Row" in Pueblo West. When that happens that is going to be the signal that appreciation is going to outpace wages. 

Another challenge is that in downtown they are building so many new units every corner has a new apartment complex on it which is going to drive down the rents for a while. A pro is that just surrounded by five bases which helps stabilize the economy. 

 I remember in the 80's when my high school Geography teacher would try to scare us to death, saying that the pollution in LA and New York were so bad that people would die.   Well the car industry found ways to develop cars that would emit less emissions.  You don't hear much about this anymore.   The other thing he would scare us about was landfills.  Our landfills would fill up one day and we would have no where to live.  The industry found better ways to make pop cans aluminum versus metal, recycling became more common and 35 years later, you don't hear about this anymore.

@Account Closed

Not exactly what you're asking, but I just had a deal fall apart in the mountains outside of Denver because of wildfire risk. (I wrote about it in this thread.)

The New York Times has indirectly addressed your question a few times -- in this 2019 story and this 2023 article -- where they discuss areas that will fare better in an era of extreme weather and climate change.