All Forum Posts by: Mike Sola

Any wholesalers using carrot and ppc to try to get leads? I started my first PPC campaign but I am not getting any impressions. I am tinkering with the bid amount to see if that works but if you have any other insights into troubleshooting please let me know.

thanks for the help

@Taylor L.@Evan Polaski @Sarah Waterman

Thanks for all the info! I have defnitely seen some of the daisy chaining that you speak of and that never goes over well.

I have been attempting to wholesale for the last year. One of the people I have networked with has a lot of off-market apartments/hotel/MHPs that are $millions+. He asked me to help him find buyers for these properties. The buyers list I have built so far only has people that invest in SFH and small multifamilies.

Is there a different strategy to find the big buyers who would be interested in deals like this?

@Andrew Z. the first step for either would be to contact a closing attorney (or title, depends on the state). I would get the forms they use to get the property under contract. Once that is done, if you want to buy, tell your attorney that you wish to close with cash or with hard money. If you want to assign to another buyer, get the prefered assignment contract from the attorney and assign it to a buyer at a higher price. Definitely keep in close contact with your attorney with any questions.

Great job! I am from Clearwater and I love hearing stories from back home!

Shedrick,

Sounds like to me you did a lot already to force appreciate the property! I honestly can't think of anything else. Make sure you get full market value for rent and I think you are set!

@Chris West You are absolutely on the right path! Definitely read the BP book "Long-Distance Real Estate Investing". Once you narrow down those areas, I would get into the BP forums for those areas and start networking with agents, investors, and property managers to get the on the ground intel of the area.

@Stephen Burden Thats awesome!

@Austin Cole, I agree with @Andrew Postell. I would wait until you are done with training and settle into your first duty station. That way you can find your local team to build your REI base off of. Once you are settled in and find that first deal, I would pull the trigger on that career starter loan. Until then, I would definitely go to meet-ups, network, and save capital.

@Elias Parisca the rehab is always the most nerve-wracking part! A method that I use that gets a ballpark estimate is the way wholesalers estimate rehab cost. Essentially, you create different bracket groups depending on what needs to be done.

For example,

paint + floors = 7k

paint + floors + kitchen = 15k

paints + floors + kitchen + bathroom = 20k

roof is an additional 7k

hvac an additional 7k

This all depends on your local market. As I said, these are ballpark estimates. It is like using the 1% rule of the 70% rule. As the people above said, consult local contractors and investors to narrow your brackets in so that the system can be repeated.

Hope this helps!