All Forum Posts by: Barry M.

Vana G. Lol. No prob. That's what this forum is for. Duncan Taylor In my area you actually do have to get a limited brokers license to wholesale after about three or four deals. Wholesaling becomes shady when Wholesalers abuse what they do. You can either be a High Volume Wholesaler or a High Ticket Wholesaler. The abuse comes when High Volume Wholesaler try to be both and force high tickets on their end buyers.

Vana G. Part of being a wholesaler is your honesty and being politically correct. Never say that you're gonna pay cash if you're not the one paying cash. Say that you work with private investors and utilizing their funds. And it was never my understanding that a wholesaler gets one price from a seller and "charges" a completely different and higher price to the end buyer. Wholesalers negotiate a price with the seller and assigns the EXACT SAME price to the end buyer. The only thing different is that you do charge an assignment fee for your work with turning leads into good deals. If you can convey this message to your seller with honest and humility, there shouldn't be a problem unless they aren't motivated enough. Lol.

@Geoff S.

LOL!!!! At first I thought that second quote was about to be a big cornball, but that one was pretty awesome.

@Attila Bertalan

Now for my cornballness; I like to believe in the fact that radical risks can lead to radical success or radical failure, but radical success can lead to radical freedom.

How accurate or close in value has the county appraisal figures of a property been compared to MLS Comps in your? Does anyone reference and/or use the county figures to assist in researching a deal? Were the county figures above ("overvalued") or below ("undervalued") comps in your area?

John Rooster I use Zillow, Trulia, and another called Redfin. I definitely feel that Zillow trumps all, Trulia is a close second with varing info from that of Zillow, and Redfin pretty much takes info from public records. Lol. I do remember reading that Redfin was the originating real estate site whereas Zillow and Trulia where rip offs because Redfin didn't have enough funding to gain momentum like the other two. But... I still choose Zillow. Lol.

Minh L. I've heard this too from someone filthy stinking poor. Lol. Also, someone told me to not take risks and I truly believe they meant it. Lol. I like to think that radical risks can lead to radical success or radical failure, but radical success can lead to radical freedom.

Danielle Jones I'm still waiting for my first deal. I starting at the end of November last year and have been marketing ever since. Most of the sellers who call aren't motivated enough and want way over my MAO. But at least I get practice with some crazy personalities. My advice to you would be to find a niche as soon as you can, start a marketing campaign, and learn simultaneously. I don't want to learn and learn and learn and feel like I'm waiting for the perfect time. The "perfect time" has already past. Patience is a good thing to work on too because I swear I almost quit like ten times. Lol.

You are awesome little buddy John Elmenhe You are going to get a lot of mixed reviews about going to college. The two things that I took away from college was 1)discipline and 2)the urge to want to know and learn more. You seem to have mastered these two already. If you can get invested in this as soon as you can, you can probably retire by age 25, and then go back to college because it helps pass the time in your retirement. Lol.

Belinda Lopez I suggest sending personalized emails to your top buyers. Other than that "$200,000 ARV for $80,000" or whatever your deal is would be an attention getter.

Steve Babiak I agree with you. ALL contributions from a Roth ANYTHING can be withdrawn at ANY time for ANY reason without ANY taxes OR penalties. You cannot "replace" these contributions and any withdrawals on GAINS will face all penalties and taxes.