All Forum Posts by: Nicholas L.

@Duncan Forbes

it's unlikely that an agent or a broker are going to be able to help you

you likely need to buy something off market, that is distressed, with either hard money or cash

you need to connect with other investors, wholesalers, etc.

one good way to do this is in-person, at meetups

hope this helps

@Ashley Snider

hello and welcome.  i'm not in DFW, but I am happy to help.  you can:

-go to meetups and network with local investors.

-post your questions here.

@Timothy Franklin

so i'm genuinely curious - it seems like you're acting more like an agent in this scenario.  or even just doing some networking to try to help someone out.  whatever anyone's views on wholesaling... that just doesn't seem like wholesaling to me.

and you said it was your first deal - is that accurate? and... it's already listed on the MLS with another agent? are you coordinating with them?

i'm confused =)

@Justin Jefferson

-start with a house hack

-read up on how to house hack

-call a lender and ask about owner occupant loans for small multifamily

@Arun Philip

not sure if i understand your question.

if you don't have any cash, period, you shouldn't be buying any more properties.  if you have some cash, but not enough cash for huge down payments, OK, welcome to real estate investing.

i am trying to BRRRR right now. you can use hard money to buy a BRRRR - will still require a down payment - and then refinance.  but BRRRR is not a cash flow strategy and you likely will not cash flow after the refinance.

if you want 100%, no strings attached financing... that's going to have to be a family member or something like that.  and it's still probably not a good idea.

hope this helps

@Michael Ewers

i can only speak for what i've done as i suspect it varies by market.  i had a lot of success with direct mail and actually a fair amount with email.  SMS really did not work, it seemed to annoy a lot of people waaaaaaaay more any other method.

@Rafael Ro

you're not crazy, and you're right to discern that they're not guaranteeing you anything.  turnkey is just a bundle of services. that's all. if i buy a rent ready house off the MLS, and put it under management with a good PM... that's basically turnkey too just without the label and the provider.

one thing i notice on BP is how many new investors think they're being guaranteed outcomes rather than processes.  outcomes are on you, the investor.

you may want to review these threads to see what others experiences were.

https://www.biggerpockets.com/forums/48/topics/1137397-balti...

https://www.biggerpockets.com/forums/12/topics/1215726-break...

@Scott Suryan

i had the same reaction as @Travis Biziorek

if something is working for you why go out of state?

@Timothy Franklin

is it distressed in some way? typically it's much more difficult or even impossible to wholesale something that is in retail condition / for which the owner wants a retail price. they're better off just listing on the MLS.

@Keith Wilson

what are you trying to accomplish

where are you located

how many properties do you own

do you have lots of cash