All Forum Posts by: Michael Glorioso

Considering the weather, Is everyone still going to be at the meeting today? I had heard that a lot of areas where considerd to be unsafe to drive 

Yes! This is a great idea and Tonys is in my opinion the best pizza place for meetings and such. I can attend any day so long as I know a week ahead of time to schedule off. 

ok, so I live in lake charles, la and all the refineries in the area are expanding and spending millions of dollars! This means that lots of people are moving in area. I've have the idea to buy rental homes or land and build a mobile home park for the workers. But I have never had the funds. I know I can use OPM and I have a much better idea how to do that now vs when I first had the idea. The problem seems to be that all the "big shots" of the area are outsourcing people to do there leg work and getting the best deals before anyone else can. That's brilliant I would do the same thing if I was in there place. Wholesalers are playing leap frog and I don't think there is a house in the city that someone hasn't already bought and resold. So, how can a goldfish get an advantage in an ocean of sharks?? my question in it's simplest form is; how can I get my foot in the door? Should I go to a less competitive market? I don't know? I need a mentor, I have a full time job, and I've marketed by hireling my younger relative to Find houses for me. 

Ok today I drove around for 5 hours and found 3 houses that are in my buyers criteria! Now I found out from a neighbor that one of the houses was "winterized" and the owner had been deceased for 5 years and the bank owns the house and hasn't tried to see it or anything in 5 years! How would I go about the next step here? The rest of this post is a little extra I just wanted to share my newbie scare story.... Oh and might I add for a bit of newbie humor, that I checked on a house that looked abandoned so I knocked on the door to see if anyone was home... No one answered so I looked in the window to see an old lady laying perfectly still with her mouth open!! I knocked harder, worried about the old lady and still no movement.. I didn't know what to do.. My girl friend suggested that I call 911 and report it. So we did.. The cops came with an ambulance and when they knocked I thought they was going to break the window.. Next the old lady woke up and gave the cops a thumbs up... Guess she was ok! Seemed like that had happened to her before! But luckily everything was ok!!

ok thank you all so much!!! 

I am a new whole seller and I met with my first cash buyer today. When I asked him what he wants his percentage profit to be, on average, he said he would like to see 20% of the ARV. Is this a reasonable amount and will it be possible to find deals to meet his criteria? Thank you for all replies!

As a wholesaler should I have my real estate license or not? I went to talk with my first buyer at lunch today and they told me it might not be the best idea. Because, I would have to state on every marketing item that I'm a realtor and he said that a lot of people with give me the cold shoulder just because I'm a realtor. Which I have noticed that some people have a sigh of relief when they find out I'm not a realtor. So I can't decide which is better.. To have it and have access to the mls ect, or conduct business without it instead? I would really appreciate any replies thank you!!

As a wholesaler should I have my real estate license or not? I went to talk with my first buyer at lunch today and they told me it might not be the best idea. Because, I would have to state on every marketing item that I'm a realtor and he said that a lot of people with give me the cold shoulder just because I'm a realtor. Which I have noticed that some people have a sigh of relief when they find out I'm not a realtor. So I can't decide which is better.. To have it and have access to the mls ect, or conduct business without it instead? I would really appreciate any replies thank you!!

Ok thank you so much! 

@James Wise 

Thank you for your reply! That was fast! I should have made it clear that my current job requires me to be "on call" so I have very little time off. And when I do get free time it's sporadic. So I guess that's why I feel obligated to choose one or the other?