All Forum Posts by: Riley Huseby

Quote from @Jesse LeBlanc:

Good Afternoon @Riley Huseby I would HIGHLY suggest you always be fully transparent and disclose how you operate for good business. By doing so, assigning your contract and not having to pay for a closing or a closing and lending fees (depending on state, closing company and personal choice).

Also, DO NOT GET SUCKED INTO THE GAME of worrying about the ARV, the rehab costs or anything else! Literally if you find a few solid buyers and build that relationship, let them tell you the price they'd pay for the property. Then ALL YOU HAVE TO DO is get the buyer to agree to a lower price, then assign your contract. This will save you so much stress, stop you from having to cancel a contract, stop you from losing emd etc as you start out.

If you do ever choose to double close and ever are in need of a Transactional Lender, I'd love to be the one you go to.  Please look me up in my email signature.  I've got over 70 all 5 Star Google reviews and would love to help out IF you ever choose to double close vs assign and in a state or position where it's needed.  Otherwise, save the money. :)

Best of luck out there, be sure to do what's right for the seller and your buyer, this will make life much easier when closing deals vs always trying to hide and lie like so many other wholesalers who are afraid of being honest or too focused on money vs the relationships.

Thank you for the input! Greatly appreciated, do you have any advice on how to get those reliable buyers other than general networking through reia’s and other sources that could help me get a solid base before I attempt a deal. There is decent potential for buyers in my market, and know of a few people with distressed properties that are off market right now and potentially ready to be sold so I’m trying to learn as much as possible while I still have these leads.

I’m just starting out in real estate so this is all knew, but I’ve been listening to some different podcasts (bp of course as well as some others) and the whole idea of double closing in a single day and lining it all up seems very intimidating. I have a good friend that was a marketing major, so with some money investment as well as both him and I marketing, I think we have a good base for wholesaling in the future. Just expanding my knowledge so any input, suggestions for the future, and advice is great!

Actually just ordered that book like a week ago. I’m planning to go to college for a short time just to get an associates because I already have college credits from highschool so may as well (marketing and graphic design focus so it will help with real estate). Just looking for some more real life exposure.

Hey everybody, I keep hearing over and over again that knowledge is the number 1 most important thing in real estate, so I am looking to learn as much about this field as much as I can. If you are a successful real estate figure (agents, contractors, property managers, ect.) that has some extra time to meet virtually once a week or so (more or less) please comment on this discussion. I’m going to be a college student in the fall but will be willing to do any side work for you if it helps me learn, I’ll work as hard as I can to pay you back for the knowledge I gain. If you are Minnesota specifically, that is where I am located and I would like to learn about my market in specific but anything helps!

Hey everyone, I’ve been working at my w2 job and started obsessively listening to the bigger pockets podcast as well as many others and realized how much potential this field has. If anybody has any tips for me to get started I would greatly appreciate it, I have 5-10k cash as well as potential investor cash up to 100k. A little about me, I’ve been a businessman sense as long as I can remember, I was selling pebbles at the end of my driveway at 4 years old and had made 3 small businesses and was hired by 3 other w2 jobs by 15. I know I have the drive for this competitive market but it’s very scary working with only investor money, and not having a decent backup for emergencies. One of the HUGE positives I have right now is that I have 0 debt, 0 cost of living, supportive parents, and an insane drive to retire early and not get dragged into the 9-5. I have college this fall but was thinking about buying/seller financing a college house in a pretty stacked housing market and hiring a property manager. 
Hope everyone is doing great, and thank you to those who comment!