Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Thomas Price

Thomas Price has started 11 posts and replied 53 times.

Post: How exactly does wholesaling work?

Thomas PricePosted
  • Involved In Real Estate
  • Pennsylvania Furnace, PA
  • Posts 54
  • Votes 7

Oh how I wish I had a mentor Bitsy Voloskie. Up here where I am it's just me and a bunch of flippers and buy and holds. I live in a University area so the main area is extremely high priced and mainly caters to student housing. 10 miles out of the University area is a completely demographic. You know how people say Texas is like a whole different country? (I know because I was raised there) Well here is a whole different situation also. While most of the country fell into a recession, this area was still building, and alot! I have yet been able to find another wholesaler up here and therefore my mentor is BP. I am pretty much doing everything from scratch and that is why it is taking me so long to get started. I don't have enough capital to do any flips or buy and holds. I have developed about 5 different strategies for find sellers and I have already put together a buyers list of about 25 (although 22 of them don't know yet :o) ). I did get involved with a local REI club and I would appeal to you to do the same. I was lucky enough to get invited to a REI Facebook group and I am getting some good info from that. Being around Pittsburgh I would think it should be a little easier for you if you can just start networking and find someone willing to show you the ropes.

Post: How exactly does wholesaling work?

Thomas PricePosted
  • Involved In Real Estate
  • Pennsylvania Furnace, PA
  • Posts 54
  • Votes 7

Hi Bitsy Voloskie, I am also a Pa investor not too far from you.There are a few Pittsburgh investors on here. I searched them out by making a post looking for other Pa investors. If you are down around Pitts, (I'm in state College) you should look for fellow investors that like to mentor. Networking is absolute key to this business no matter what niche you choose. I am also starting out in wholesaling and using those funds to transfer into buy and hold investments. We have yet to do our first transaction, as we have spent the last 3 months setting up the legalities of the business for the long haul, however, we have several different strategies we are going to employ. I will be more than happy to share them with you and let you know which work as they do. Connect with me and keep in touch. Also, definitely look up all the topics and blogs on this site about wholesaling and flipping/ rehabbing. the more you know about the niche your selling too the better your chances of selling to them, imo.

Welcome to BP. You found the best online resource for REI

Post: Is it a conflict of interest to get an RE license

Thomas PricePosted
  • Involved In Real Estate
  • Pennsylvania Furnace, PA
  • Posts 54
  • Votes 7

Awesome, thanks for the info Justin S. I have family that lives out there in Anthem and I am looking at doing some SFH for wholesaling and acquiring Complexes for passive. Maybe our RE paths will cross in a transaction or two when I start doing some deals out there.

Post: Is it a conflict of interest to get an RE license

Thomas PricePosted
  • Involved In Real Estate
  • Pennsylvania Furnace, PA
  • Posts 54
  • Votes 7

I was just wondering if anyone out there new if it was a conflict of interest to be a wholesaler and to get your real estate license. I know this is a lot of investors getting their license and was thinking of looking into it. However, with the strategies I'm looking into with investing I don't want to create more headaches than I need. Any and all suggestions would be awesome

Post: New member, New investor

Thomas PricePosted
  • Involved In Real Estate
  • Pennsylvania Furnace, PA
  • Posts 54
  • Votes 7

Welcome to BP Jesse

Post: Motivated Newbie

Thomas PricePosted
  • Involved In Real Estate
  • Pennsylvania Furnace, PA
  • Posts 54
  • Votes 7

Hi Greg. Welcome to BP.

Post: New Member to Bigger Pockets

Thomas PricePosted
  • Involved In Real Estate
  • Pennsylvania Furnace, PA
  • Posts 54
  • Votes 7

Welcome to BP Joe

Post: Newbie from Philadelphia

Thomas PricePosted
  • Involved In Real Estate
  • Pennsylvania Furnace, PA
  • Posts 54
  • Votes 7

Hi Tim. Welcome to BP

Post: Property Management Guru in UT- Newbie to BP Site

Thomas PricePosted
  • Involved In Real Estate
  • Pennsylvania Furnace, PA
  • Posts 54
  • Votes 7

Welcome to BP

Post: New Investor in Baltimore Region

Thomas PricePosted
  • Involved In Real Estate
  • Pennsylvania Furnace, PA
  • Posts 54
  • Votes 7

Welcom to BP @Brian Smith