All Forum Posts by: Michael Williams

Hi Stanley, you are asking a question that is asked 100 times a day on this site. To get an idea about what it takes to wholesale real estate go to the "Education" tab at the top of this page. Once you read that I recommend that you look up Cody Sperber, he has easy to follow FREE wholesaling information videos. His videos are on Youtube and you can go to his Clever Investor Site as well.

Hi Amir, in your profile I see that you have a friend that is in real estate, is he assisting you in your quest? 

Hey Michelle I noticed on your profile you joined Reutus. What do you think of that program? 

Michelle Fulcher from Brooklyn, New York

The very First step is always education and relationships. I tell all of the new wholesalers this. There is a free wholesaling course at the top of the page under the "Education" tab. You can also check out Cody Sperbers, Clever Investor website. He has some great easy to follow lessons & videos on his site. That's where I learned the most about wholesaling.

Ed, are you a buyer or are you trying to get this property under contract so you can flip it to a buyer?

Hey Scott, look up Ron LaGrand, he was the king of REO wholesaling, and he also has a ton of information on dealing with Land Trust. He also has tons of videos on Youtube about the very thing you are asking about.

Halperin Lynman had a booth at one of my REIA meetings. They were highly recommended.

 As a serial entrepreneur I was good at all of my passions. I was good at graphic design, making websites, writing business plans, designing clothes, trying to finding properties to flip, but I sucked at network marketing until know. All of those things gave me joy even though I was not making much money. I was getting up every morning doing them til I went to work and doing them when I got off work. Then my wife started asking me, "What did you accomplish today, what task did you complete"? Some days I could answer and some days I couldn't. Then all of a sudden it hit me, I'M A DAMN HAMSTER ON THAT WHEEL THING. So I asked myself, "which of my passion will bring the fastest and most income per deal. Hands down it was real estate. So that's when faith stepped in an i re injured my knee at work and had to go out on disability.  Reality really kicked in when I couldn't afford the $1,300 deductible for the surgery. So now I have no choice but to be focused. I got a new program that I have been test driving for 3 weeks and it's the game changer for me. My wife has  given me the green light to quit the job after the surgery. (There is nothing like a good wife that understands what an ambitious man is trying to do). 

I was told 10 years ago that I needed to focus on one thing by a wealthy individual. But I was stubborn and said I could do it all. But if I had listen I would be a multimillionaire by now. But then I would not have met my wife, so the timing is perfect. 
Basically to answer your question don't do what I did for years, learn from my mistakes. Decide which strategy will bring you big checks quickly (like 3 weeks) on the front end, cashflow in the middle, and a nice haul on the exit. and focus on that and nothing else. If you can't find one that gives all three, two out of three ain't bad. But if you want all three you must look into the Pretty House business. PM me if you need anything else.

 That's what I love about BP, you can learn a lot just from reading other peoples post. Jamaal and I thank you Stephanie. 

Find your local REIA and attend the meetings. What you seek is there.