All Forum Posts by: Scott Sanchez

@De Von Gaines

I’ve come across other blogs, forums, and podcasts that stress that it is the Buyer/Investor’s responsibility to pay the earnest money deposit to the Seller. It is my understanding that the money is placed in an escrow account until closing. I’m not an expert Wholesaler but I’m learning more about it each day. Maybe an experienced Wholesaler cruising through these forums can help clarify. Best of luck!

@Ron Herrera Thank you for the information!

Hey @Joshua J Pierce

Thanks for reaching out! I just messaged you.

Hi BP community,

Are there any Investors, Wholesalers, and/or Contractors in the north Orange County area interested in networking? I have a lot of drive to start my REI career but I have a lot of questions as well. Any help is appreciated!

Thank you in advance.

Hi BP community,

Are there any Investors, Wholesalers, and/or Contractors in the north Orange County area? Any help is appreciated. I have a lot of drive to start my REI career but I have a lot of questions as well.

Thank you in advance.

Thanks @Frank Necatera !

I appreciate the advice. I'll definitely work on building a good quality buyers list first. I'm going to be attending a local REI meetup in February where I intend to meet investors. Do you use excel or some other CRM system to organize your leads?

Driving for dollars is what I plan on doing initially before I invest in lists. Do you disclose that your a “wholesaler” when talking to sellers? I understand that not everyone may know what that means.

Also, to answer your question. I’m starting out in Orange County, Ca.

Hi BP Community,

My name is Scott and I’m an aspiring real estate investor from Orange County, Ca.

I’m looking to learn from experienced investors about how to begin this journey and avoid costly mistakes.

I’ve come across 3 strategies in particular that I’m interested in exploring, (Buy&Hold, Fix&Flip, and Wholesaling).

It seems that Wholesaling is a common strategy for new investors who want to get their feet wet in the industry. Especially for those with limited income available to purchase distressed properties, afford repairs, update existing structures, etc.

So my questions for the BP community are:

1. Is Wholesaling a good option for beginners to learn the industry and understand the market?

2. What risks are associated with wholesaling in SoCal?

3. Should I form an LLC?

*Ultimately my goal is to use wholesaling as a platform to finance larger projects, such as Fix&Flip and/or Buy&Hold.*

Thank you in advance for anyone who took some time to respond to my questions.

Hey BP community,

I have some questions about Wholesaling and practical ways to get started for a beginner. I’ve read quite a few blogs and articles on wholesaling and have learned a lot about the process of assigning contracts. However I don’t know exactly what to do first in order to get closer to my landing my first deal.

Here are a few specific questions I had,

1. Should I focus on developing a Buyers list first? Or looking for a good deal?

2. What do I look for when Driving for Dollars? How can I find those hidden deals?

3. When should I contact a Title Company?

4. How can I find out about the legality of wholesaling in my specific area?

Thank you in advance to anyone who takes the time to help answer some of my questions.