All Forum Posts by: Sterling White

Welcome to the site @Al Ulloa. What peaked your interests to the real estate marketplace? 

 This is a great question. Wholesalers vary upon market. I do my own marketing to acquire deals so my prices are cheaper then what I would get from a wholesaler. If you are dealing with a reputable wholesaler then the deal will most likely be below market price. You can determine whether its a good deal by knowing your market or pulling recent solds in location. 

Yes you can have the home inspected before you buy it just make sure to state it in your purchase agreement along with a clause that will enable you to back out in case it is a "lemon". 

Agreed with @Larry Fried on the above points. For point #3 by leveraging the asset this will increase your cash on cash. Point #3 as mentioned is less passive then #1 & #2 it will come down to your confidence in your operators ability to execute.

If you decide to take on #4 this will take quite a bit of your time. Finding the right property, managing contractors, calling numerous management companies though you will save money(if done correctly) this can take a chunk of your time. 

How long have you been thinking about these alternatives investments @Hernan Guelman 

Welcome to the site Skip. Considering you are newer to this space I would take some time absorbing information about the real estate marketplace. As stated above with the capital you have established for yourself via retirement accounts there's so many directions either or markets you can choose.

Taking a step back and thinking more methodically about your investment goals will be a good start also. This will give you a better direction for following steps. 

Hope that helps. I imagine you have plenty to think about

All the best,

Sterling

 You may want to try and do your own marketing to acquire off market deals. Considering you are able to close with cash this will be very enticing for motivated sellers. Or work with a local wholesaler in your market to acquire deals 

Hello fellow Hoosier @Damian Cortes great to see you took the plunge in this industry. What are some details about your four-plexes? 

Welcome to the site also its a very resourceful tool

Welcome to the site @Joshua Hunt. Are you looking to acquire Multi family or single family?

So much to learn via this site.

I wish you the best of luck in your venture

Good to see you @Ryan Mullin! But agreed with the above point. If you are trying to raise capital then a business plan is beneficial, but it is highly likely that your business plan will change multiple times. 

I wouldn't spend too much time developing this and take action @Michael Hill

@Mohamad Suleiman stay as close to home as you possibly can. If you do decide to invest out of state pick the market that is most aligned with your investment goals. As stated above once you narrow down a market its best to take a trip there and become familiar with that market and the team you plan on working with.

Best of luck

Welcome to the site @Mailk Akbar. I wish you the best of luck in your venture.