All Forum Posts by: Roland Paicely

Does anyone have any experience from using Rob Swanson's 100's of Leads in an Hour program?  

If you can't find one. Check with the investors at your local REIA.

Yes, you can wholesale land.

Generally speaking a Due Diligence clause is a clause that gives you time to determine if you want to proceed with the deal.  You can verify comps, repairs needed, the market etc.  As an example, if your due diligence clause is for 10 days.  That means that you have 10 days to decide if you want to proceed with the deal and not lose anything.  Or if the numbers don't make sense you can walk away without losing anything.

There are other clauses that you can use.  However, it's always best focus on closing the deal rather than how can I get out of it.

Always be transparent with the seller.  Don't tell them that you're going to buy the property when you know that you are not.  Tell them what you are going to do.  They will appreciate it, you will sleep better at night and it's simply the right thing to do.

The bandit signs are not legal on the weekends.  What they are saying is that the 'sign police' are not usually around on the weekends.

I think that you have the right idea regarding wholesaling.  However, be very, very careful when putting a property under contract when you don't have a buyer or you're not going to purchase it.  That can possibly get you into a lot of trouble.  Make certain that you have a buyer or that you plan on buying it.  

Welcome to real estate investing.  To answer your questions:

Can you make money without a license.  Certainly, although there are  benefits to having a license.

No, I don't think that you would automatically cap yourself without a license.  Keep in mind that some states are cracking down on 'wholesalers' without a license.

To determine which is best for you.  You should consider the following:

(1) Buy and hold implies that you have cash on hand to purchase or access to it.

(2) The same applies to flipping.  You buy it fix it and sell it...…..cash needed.

(3) No cash needed.  Well, maybe a little.  But it can be done without cash.

For most beginners the choice is obvious...……..#3

It is possible to be successful at all strategies.  However, if you are just starting out.  I'd recommend picking one strategy.  Learn it well.  Earn money from it before venturing into other areas.