All Forum Posts by: Mateo Duba

Hey guys, I'm currently helping a tenant client move into an apartment in South Beach from Serbia. Does anybody have good and reliable international screening services? 

Thanks for the feedback Ryan, I'll look into this. 

Good morning BiggerPockets Forum,

My name is Mateo; I'm 22 years old and have been in real estate for about three years now. The majority of my experience has been working as an agent in the Miami Beach, FL area where I grew up. Last year, I worked at a wholesaling company, calling warm leads for about 10 hours a day over the span of five months. I'd say I got pretty comfortable making offers, but when the Fed hiked rates in July of 2022, all the hedge funds we assigned our contracts to got cold feet, and we lost the majority of the deals we had worked so hard for.

I left the wholesaling company and ended up working alongside one of the top luxury brokers at Douglas Elliman. I learned many skills and philosophies on how to structure a real estate business, particularly as a luxury agent. While I was exposed to the grandiose lifestyle wealthy people have when purchasing $10M+ properties, I soon realized that the luxury agent path was not for me. I'm personally more interested in the wholesaling/investment aspect of the real estate business.

I've changed paths now and decided to work a remote sales job that pays a salary plus commission while investing money and time on the side to learn how to do creative finance, wholesale, and fixer-upper deals.

My question to all seasoned investors is this: What is the best way to find a mentor on investing in real estate? Should I continue to invest in my real estate investing education on the side while working a salaried sales job, or should I remain on the path as a real estate agent?

P.S. I'm only 22 years old and still live with my parents (unfortunately haha). 

Hey guys, I am currently working out a script with my partner for my cold calls. We are trying to figure out the best tactful way to ask our driving for dollar leads if they would consider selling their property.

Any examples of how you have asked/qualified your leads as to whether or not they would sell?

Thank you!

Hey BP fam!

I just started working at wholesaling with my partner and we went driving for dollars around the city of Miami.

We took down a bunch of leads with Deal Machine to organize our prospects. Doing that helped my partner and I collect a bunch of possible leads to cold call, qualify, and work at getting better at this business. Which is exactly what we did.

We came across a lead (For Sale by Owner) and called the dude who lived there. Once he answered and we started qualifying him or not, we eventually got the appointment to see his house.

It’s right next to a big mansion that is being constructed. Good neighborhood, good area near the water, 5 minutes away from the beach.

We went to the house to check it out. Once my partner and I got there, he had another family viewing the house. The owner claimed he had the house appraised, the market was going up by 1.2% each month in the neighborhood and that the house is “undervalued” at the price he is listing it for (550k).

We viewed his listing on zillow, and it’s been on the market for 200+ days. He initially had it listed for 600k. Now it’s at 550k because his house needs immense remodeling. I’m talking floors, walls, ac, kitchen, bathrooms, and adding fixtures to the ceiling because the house has barely any lighting, except for standing lamps but no ceiling fans.

My partner and I are offering him 500k, we told him that’s the only price we can entertain at and he said he’d speak with his wife and get back to us.

He got back to me today and he was like “Do you guys have proof of funds?” and then he specified that the contract cannot be assignable... He even insisted we pay $20,000 in escrow.

I am not sure if this guy is just trying to exit the deal because these are terms we clearly can’t meet. If he wants to make sure we have the funds? This guy is giving us a hard time and we might just take this as a learning experience and move on.

Let me know what you guys think.

Thank you

Hey BP community!

Hope everyone is having a blessed weekend. Wanted to ask all the wholesalers out here these two questions:

1. What YouTube videos/channels and/or Podcasts do you guys watch/listen to stay educated and learning more every day?

2. What books have you read that have made you a better wholesaler?

Thanks BP,

Mateo Duba

@Joseph Crunkilton

Thank you for the advice! What type of public records are you talking about?

@Timothy Durante

Thank you so much for the advice. Going to look into some good Facebook groups and Instagram and all the other platforms.

Hello BP fam!

Me and my partner have started our journey in Real Estate by starting off in the wholesaling space.

We went driving for dollars yesterday and jotted down many distressed properties, however, there is a strategy of finding cash buyers and finding out where these people invest. The “HOT” zip codes.

My partner and I have contacted our county courthouse to try to obtain cash buyer lists and all of them have told us we can’t.

I refuse to believe that.

So then I called a family member who is a realtor to see if he can filter houses sold in last 6 months by finance type: cash buyers, but the MLS is not letting him filter.

Experienced wholesalers, please help us figure out where to find this information. It’ll help jumpstart our hustle IMMENSELY.

Thank you!

@Ben Thomasian

I was actually looking into wholesaling. But I still don’t know the distinction of wholesaling and just being a realtor?