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All Forum Posts by: Salvador Hernandez Jr

Salvador Hernandez Jr has started 3 posts and replied 29 times.

Post: Getting into the wholesale game

Salvador Hernandez JrPosted
  • New to Real Estate
  • California
  • Posts 29
  • Votes 8
Quote from @Jerryll Noorden:

Am I the only one (I am sure I must me)... but every damn time I try sub to, no lawyer wants to be part of it, and no banks support it, NOTHING does?!

I simply don't deal with it because it just doesn't make sense to me who understands the law ( a bit).

As I said.. so many people do it, so probably I am missing something.. but I don't risk it.


 Hey Jerryll! I've been told before that life is about risks. If you don't take them, you will just stay in the same place.

Post: Getting into the wholesale game

Salvador Hernandez JrPosted
  • New to Real Estate
  • California
  • Posts 29
  • Votes 8
Quote from @Michael Dumler:

@Salvador Hernandez Jr, I see forum posts like this quite often. To be blunt, do not get into wholesaling if you think you're going to make a quick buck. However, if you enjoy sales, love working with people, and have a passion for analyzing deals religiously, then maybe it's appropriate to leap into wholesaling. That being said, so many people fail to recognize that wholesaling is a full-time business and needs to be treated as such. Contrary to what others may say, if you're just looking to increase your savings, then I recommend securing w2 employment. If you are serious about wholesaling, there are only about a hundred or more YouTube videos that you can start with and reference. Once you have a very specific wholesaling question, then return to the forums for help. 


 Hello Michael! I appreciate the suggestion. I do understand that wholesale is not easy and not a quick buck type of strategy. Overall, real estate is not a quick buck. I do work a W-2 job but is not enough for me to save fast enough to start in, lets say, house hack or the credit to apply for a loan. There are other strategies that were previously mentioned but the problem is I have not taken action on either which is what I am trying to do where I picked wholesale. It may change if somehow I tried to wholesale and end up doing a sub to and sticking to it. Point is to start.

Post: Getting into the wholesale game

Salvador Hernandez JrPosted
  • New to Real Estate
  • California
  • Posts 29
  • Votes 8
Quote from @Bryant Brislin:

Hey there, I'm close to you in Orange County.  Happy to talk some time.


 Hello Bryant! I actually work out in the Orange County area. Specifically Brea. I would love to connect and talk. Send me a DM to schedule something.

Post: Getting into the wholesale game

Salvador Hernandez JrPosted
  • New to Real Estate
  • California
  • Posts 29
  • Votes 8
Quote from @Eliott Elias:

You can also own real estate via owner finance and subject to, does not require credit or large down payment. 

No one is going to put in work to get you where you want to be, only you can. Take action and ask questions along the way. 


 Hello Elliot! I have heard of those strategies but have not looked into them deep enough to get involved. My head is spinning with so many strategies that I am having the issue of not settling with one strategy which is why I am trying to settle with wholesale.

Post: Ready for Financial Independence

Salvador Hernandez JrPosted
  • New to Real Estate
  • California
  • Posts 29
  • Votes 8
Quote from @Bud Gaffney:

Hi Salvador! Welcome and Congrats. What is your current living situation? If you are renting, I think you should do a house hack! Buy a 3 or 4 unit multi family. Little $ down, tenants pay all expenses. Rinse and repeat :)


 Hello Bud! Yes i am currently renting and I have looked into house hacking but my credit is not great and funds are not there even for a 3.5%. That is why I am trying to succeed in wholesale to save some funds and better my credit enough to house hack.

Post: Ready for Financial Independence

Salvador Hernandez JrPosted
  • New to Real Estate
  • California
  • Posts 29
  • Votes 8
Quote from @Andrew Freed:

@Salvador Hernandez Jr - Great why! In addition to wholesaling, I would implore you to house hack as well. If you can house hack and remove your living expenses, that is equivalent to 10 rental units in my opinion. If a unit cash flows $100-$200 per month and you house hack saving $1,500 per month instead of paying rent, that is equal to you owning that many units. It's a huge advantage to house hack and get your living expenses as close to zero as possible. It allows so many more options in life. 

Andrew, that is actually my goal after I have some success in wholesale. Because my credit is not so great and there are no funds even for a 3.5% down, I am resorting to wholesale to help with saving some funds to move to a house hack. By all means if I did have the credit and funds, I would start with a house hack no questions!

Post: Ready for Financial Independence

Salvador Hernandez JrPosted
  • New to Real Estate
  • California
  • Posts 29
  • Votes 8
Quote from @Anthony Salazar:

Welcome Salvador! I am in Orange County, if you’re nearby, I look forward to meeting you at some of the many networking events around here. 


 Thank you Anthony! I actually went to a recent one by David Green and I work out in Orange County. Specifically Brea. I will lookout for events!

Post: Getting into the wholesale game

Salvador Hernandez JrPosted
  • New to Real Estate
  • California
  • Posts 29
  • Votes 8

Hello everyone! I am new to real estate and I figured that wholesale would be the best strategy for me to learn for my current situation. I currently do not have any savings for down payment or the credit to apply for any loans thus using wholesale to gather enough funds to move onto house hacking or multifamily or both. The main thing is to save enough funds.

My question is what resources do you guys recommend to look into to get started or is there a mentor that is willing to put some time an effort on me. I will try to contribute back to the best of my ability if need anything! Thank you in advance!

Post: Ready for Financial Independence

Salvador Hernandez JrPosted
  • New to Real Estate
  • California
  • Posts 29
  • Votes 8

Hello everyone! I am new to real estate and have stumbled upon BP through searches and videos on YouTube. I started doing research and reading back in August 2022. It hit me when, by now, 5-year old daughter asked be back in August when she first started school to drop her off. I was excited and of course told her yes! I took the day off and everything went great! It wasn't until the following week that she asked me again to drop her off and told her I could not because I could not take the day off again. That is when I had to figure something out. And here I am!

With my current situation, I decided wholesaling would be my best bet because, like many, funds are really scarce right now with me and I think if I can lad some deals within 2023, I would be able to fund some sort of multi-family property and just keep on growing. I would also consider house hacking if possible. Overall, I am excited and trying to learn as much as I could!