All Forum Posts by: Stephen Morales

There are certain proptech companies that can pierce the LLC veil if you look around hard enough... some will even provide you with the individual most likely associated with decision making for the LLC.

Quote from @Jevani P. Barron:

Hi BP community,

I’m relatively new to wholesaling and currently have two properties under contract with the owner. Both properties are located on the east side of Houston and present solid investment opportunities. I’ve already found some potential buyers interested in the deals.

However, one buyer has recommended that I terminate my contracts with the owner and instead work directly with them. They’ve offered to pay me a fee if I go this route. While the offer sounds tempting, I want to ensure I capitalize on these contracts fairly and effectively.

Here are my main questions:

Should I entertain the idea of terminating my current contracts, or is it better to stick to my original wholesale plan?

What strategies or precautions can I take to protect myself and ensure I maximize the value of these deals?

Are there any red flags I should watch out for when dealing with buyers who propose alternative arrangements like this?

I want to make the best decision while honoring my agreements and maintaining professional integrity in this deal. Any advice or lessons learned from more experienced wholesalers would be greatly appreciated.

Thanks in advance for your help!

 Would love to get an update on this. As everyone has implied there is no reason for you to terminate the contract and lose all leverage in the deal. I hope you got to close on both of them for a favorable fee. 

Quote from @Yixiong Pan:

Hello,  i've had couple SFHs in the great Savannah area, including Pooler, Richmond hill.  i'm expanding my buy and hold strategy now to get my foot wet on trying rehab, and would like to work with reliable wholesalers who can provide the source.  I have looked around online, but haven't had any luck yet, i have local real estate agent there, but they are not expertised on those distressed properties.  

would appreciate if any leads from this forum. thank you ! 

As some have said already, if you google cash buyers in Savannah you're going to get a bunch of wholesaler websites that you can reach out to. I would also look at attending local REIA events near you as there is normally a healthy balance of investors and wholesalers when attending those events. 

Quote from @Damian Walker:

Thank you, everyone for the feedback. Ive been getting my content together so i will keep you all posted on how well it works or if it doesn't

Hey Damian, 

Would love to get an update on your content and see how far you've come!

Propstream has some good data sets but there are better alternatives if you look around enough... I've never tried Listsource before but by just glancing at it not too sure about that user experience. 

Check out Jeremy Beland, he's here on BiggerPockets. Runs REI Freedom, he has some helpful insights and info on his website.

I'm sure they have some groups on FB that do meet ups every month or so. Los Angeles Real Estate Wholesaling Group (LAREW) on FB is hosting one in two days. 

Hey William, 

I would look at attending some local REIA events and joining FB groups. There are a ton of groups for South Florida with real buyers on there.

You can also pull list of cash buyers on many prop data sites. Feel free to reach out if you ever need help building a target list of buyers. 

@Ryan G.

You should check out some FB groups that wholesale in Pittsburgh. If you find a good group you can literally get dozens of solid wholesalers that can work with you. 

Also I'm sure Pittsburgh has some local REIA events.

Going to add these to the list: 

"How to Win Friends and Influence People"  - Dale Carnegie: Title says it all

"Atomic Habits" - Jame Clear:  Similar to The Compound Effect How small "atomic" positive changes to your habits can have compounding positive effects going forward. A must for any entrepreneur IMO that that loses faith when they don't see results right away. Total mindset change. 

"Compassionate Capitalism" - Richard Devos: It's been 13 years since I've read this one and it was given to me by my dad but I still remember the message as it has helped me in my endeavors today. The true secret to security and happiness lies in combining compassion for others and offering them profitable opportunities. Knowing that your actions make a meaningful impact give you a sense of worthiness for the privilege and comfort that wealth brings. Even before wealth arrives, having a compassionate mindset along with strong business skills (which should continuously be developed) greatly enhances your chances of achieving success and influence.

Which looks like you're doing a great job of already Jeremy! I think you'd like this one a lot.