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All Forum Posts by: Nicholas Le

Nicholas Le has started 3 posts and replied 6 times.

Did you ever figure it out? If so, can you explain to me on how you did it? Thank you!

Post: MOA for vacant land

Nicholas LePosted
  • Posts 6
  • Votes 0

Hello everyone, I’m just starting out in wholesaling in Dallas/Fort Worth, Texas. I began by d4d in my neighborhood and come to find that there are over 40 vacant lots in my neighborhood alone. I’m using batchskiptrace to skip trace each lot but need help calculating what the land is worth and what price I should be offering. To get what the land could be worth, I just took the average price per square foot of the lots that sold in the neighborhood in the past year and used that to find the “worth” of each lot. Let me know if I’m doing right or if there’s another method. Thank you!

Post: Should a newbie get a mentorship?

Nicholas LePosted
  • Posts 6
  • Votes 0
Originally posted by @Dennis Pressey Jr:

@Nicholas Le absolutely, I’d bet the program very thoroughly though.

A lot of ‘real estate millionaires’ teaching wholesaling that can’t show you a single assignment fee - let alone teach you the ins and outs of an expensive business.

This is not a cheap game to compete in and if you don’t have any guidance, more than likely one of us here will be signing an agreement with a frustrated seller that you couldn’t help because you represented yourself like a cash buyer, couldn’t perform and now they don’t want to work with anybody but a realtor because investors are shady...

And I have to talk them off the ledge and explain that not all of us misrepresent ourselves as cash buyers and lie to homeowners that ‘contractors are coming through to give me a quote’ when in fact they are buying partners giving me offers.

If you cannot send a buyer to your sellers property confidently without being present, your process is flawed and bound to fail.

.02 /rant

 Have you heard of Alex joungbloods mentorship? I was thinking about do his. Also, who would you recommend looking into for a mentorship? 

Post: Should a newbie get a mentorship?

Nicholas LePosted
  • Posts 6
  • Votes 0
Originally posted by @Joe Villeneuve:

Yes.  You are about to be responsible for Millions of dollars.  Don't you think you should learn how to gain/hold/maintain those dollars?

If you needed brain surgery, you wouldn't search out a surgeon that got all of their training from the back of a milk carton,,,or from just jumping in and learning as they went?  If you think that's OK, ask yourself if you would agree to being the first.

I agree with you 100%. Have you heard of Alex Joungbloods mentorship? If so, what do you think about it or could you recommend people to look into.  

Post: Should a newbie get a mentorship?

Nicholas LePosted
  • Posts 6
  • Votes 0

I am new to wholesaling, I've spent a little less than a month building knowledge on the process. I am thinking about doing Alex Joungbloods mentorship program. I wanted to get some advice on if I should just start on my own and then get a mentorship or go straight into a mentorship to maximize time usage and minimize errors. Let me know what y'all think, thank you!

Post: Need Help on First Deal

Nicholas LePosted
  • Posts 6
  • Votes 0

Hello, I after a couple months of educating myself on wholesaling. I decided to dive in. A week later, I have a potential deal in place. I am located in DFW, Texas and found an owner who wants to sell her property but has a tenant who hasn't been paying rent, refuses to leave and won't let anyone see in the inside of the property. From my knowledge the tenant is disabled. The owner has around 70,000-80,000 left on her mortgage. The listing agent says she won't take any less than 90,000 to make a little money. What are my next steps? Thank you in advance!