All Forum Posts by: Talon Hawkes

Hello everyone!

Today I met someone who is in the wholesale business. I knock doors to sell solar as my main job, but he said that if I were to find someone who is in distress and needs to sell fast, that I could obtain a finders. I am curious about all the legality behind this and would want to know everything I can about what I am doing.

Do I need to have a contract with him of some sort?

Is this something that lots of people do to find wholesale deals? In other words, are other people out there that spend a lot of time knocking doors looking for people who are in need of selling fast?

Thank you for all of your input! I am a real estate newbie so anything I can learn would be of great value to me!

@Skyler Smith

Thanks for the information! That will come in handy when I’m ready for my first deal, I’ll keep on learning in the meantime!

@Cherie Orellana

That is so cool that your son just bought his first house hack! Makes me excited about the whole thing and also that you replied to my first forum post! All this is very cool to me and I would love to talk to you about real estate and learn from a pro! Thanks for the information cherie!

Hi all,

The last few months I've been educating myself on different real estate strategies and came across BRRRR. I'm going to be moving out of my parents house ( I am 19) to go to college at Utah state University. My question to you is can I live in this multi family house that I buy for the four years of university, and then refinance after I move out or can I refinance after 1 year while still living in it and get my money out to move it to a new deal while still living at this house?

I'm thinking of saving up 20,000 and then putting 12,000 down for FHA loan and having a buffer for cap-ex and repairs.

Is this a good idea for a college kid who has little income from part time job to be buying a multi family home?

My other idea, which would be a lot cheaper, is to buy a mobile home and fix that up and sell which might only cost me 10,000 if I do it right.