All Forum Posts by: Norris Fils-Aime

So this question is for all the wholesalers in our current market.... My understanding is that wholesaling is selling multiple properties at a low price. By doing this, someone has to find listings of properties available, with different criteria (depending on your target audience), you then put an offer on the home and if it is accepted, you then sell it to someone else for a slightly higher cost, which nets you the outstanding balance of the original price. The benefit to this is to have the opportunity to gain capital without having to put out any money out of pocket.

*If this is incorrect, please correct me.

Now for my question.... What made you get into wholesaling? Why does it work for you? How do you find your wholesale deals? What is the most you've ever made on a wholesale deal?

I would love to be there but I am a banker by day which makes it difficult for me to get out and network on the weekdays. Please let me know when you are able to do any event on the weekend.

I'm in an Eastern Time Zone and the webinars are in Pacific Time Zone, in which I am in school. Is there a way to view Webinars after they've been presented?

Welcome to the Bigger Pockets Family! This place is where you need to be if you want to begin investing. My advice is be here everyday and be consistent. 

Good Luck!

Hello Ethan, 

Welcome to the Bigger Pockets Family! I've only been here about a week or so and I am enjoying the wealth of knowledge and experienced professionals that I have ran into. I wish you well and if our paths ever cross, I hope to have an opportunity to assist you and your family with real estate investing in any way that I can.

Hello Bigger Pockets Family, 

I'm looking for funding and would like to know if anyone knows of investor-friendly banks in Florida, as well as, investor friendly lenders. Portfolio lender would be best but I'll take whatever information I can get. 

Thanks in advance everyone!!!

@Brent Coombs, my bank does offer loans but does not offer them for investment lending. Because I work here and know the internal scope of things, it is illegal for us to turn anyone away for trying to get a loan but I know for a fact that they don't get approved. 

Rest assure that I will continue working here until, my income in Real Estate Investing is consistent.

Hello Bigger Pockets Family, 

I need help getting started. Fear has kept me from investing earlier but as I've began to educate myself, that fear has gone and I am ready to begin. I've been thinking about whether to start with Wholesaling or Flipping but not really sure which route would benefit me the most. 

My current situation...

I am a Banker of 3 years, my credit score is 713 with no capital. I live in Florida and I know that there are deals out here and have a found a few but could not make any moves on them because of no funding and I don't know how to approach someone with the deal because I'm still having a hard time understanding how the numbers work, in regards to figuring out the profit that can be made. I would like to transition from my full time job to being a full time investor. My dilemma is that as a banker, there is a conflict of interest to work with my clients on personal investments, so I have to be extremely careful or I risk losing my job, which we cannot afford. I've created a business for investing purposes and to protect my assets, as I acquire them. I'm just stuck on where to begin.

My questions...

For someone totally new to real estate investing: 

How should I start as a Real Estate Investor?

What are some creative ways to build capital to invest in real estate? 

Is there anyone in the West Palm Beach, Florida area interested in working with a new investor?

I posted a picture of my son and I. 

Thank you Rachelle!