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All Forum Posts by: Tyler Jorgensen

Tyler Jorgensen has started 7 posts and replied 32 times.

Post: Santa Barbara Informal Meetup #30 (take 2)

Tyler JorgensenPosted
  • New to Real Estate
  • Las Cruces
  • Posts 36
  • Votes 9

I should be there!

Post: Santa Barbara Informal Meetup #28

Tyler JorgensenPosted
  • New to Real Estate
  • Las Cruces
  • Posts 36
  • Votes 9
Finally I can make it! I will do everything in my power to be there. Excited to finally start my investing career!

Post: Santa Barbara Informal Meetup #27

Tyler JorgensenPosted
  • New to Real Estate
  • Las Cruces
  • Posts 36
  • Votes 9
Dang, I'll be just a few days off from moving in. I'll catch October's though. I'm excited to meet everyone!

Post: Beginner Invester wanted to learn how to wholesale

Tyler JorgensenPosted
  • New to Real Estate
  • Las Cruces
  • Posts 36
  • Votes 9
Quote from @Doug Spence:

@Tyler Jorgensen I would start by learning more about the ins and outs of wholesaling before you start cold calling. You don't want to get someone on the hook to sell, and then you don't even have any buyers yet. Might be worth paying for a small, basic course (no more than a few hundred dollars) but I now there are lots of youtube videos about wholesaling so you could probably get all that info for free. 

Good luck!


 Thanks for the response. If you have any recommendation for courses or videos to watch I'll watch them!

Post: Beginner Invester wanted to learn how to wholesale

Tyler JorgensenPosted
  • New to Real Estate
  • Las Cruces
  • Posts 36
  • Votes 9
Quote from @Doug Spence:

@Tyler Jorgensen Find someone in your area that is doing what you want to do (in this case, wholesaling) and find a way to provide value without expecting anything in return. 

The key is to figure out what their problem is, and find a way to solve that problem. Don't just say "I want to help, how can I help" because now you've created more work for them, because they have to figure out what you can do for them. Make it easy for you to provide value to him/her! Before you know it, you'll become a person of tremendous value, and they will want you to be on their team. Or you'll learn that wholesaling isn't right for you and you can move on to the next thing!


 Thanks for the advice. I've reached out and it sounds like I can only find one other wholesaler who's actually new to it also haha. Maybe that's a good sign but thankfully I've found a few investors to talk to next week.

For someone like me, who doesn't have money but does have some time (not a ton), I'm not sure what to talk to the investors about. I've never actually tried a wholesale deal yet. Do you think it would be a good start to have a couple houses I could show them so I show motivation? Do you think it would be a good idea to get onto Propstream or something and start calling? I was curious if I'd be able to call some realters and tell them of my interest in some homes that have been on the MLS for a while.

Post: Beginner Invester wanted to learn how to wholesale

Tyler JorgensenPosted
  • New to Real Estate
  • Las Cruces
  • Posts 36
  • Votes 9
Quote from @Hamp Lee III:

I’m active duty Air Force.

Check out Lili Invests on YouTube.

She walks viewers from beginning to end on wholesale deals.

Keep learning. Start small. Take action.

Your first deal will come.

I wish you all the best!


 Thanks for the encouragement. I'll keep pushing along!

Post: Beginner Invester wanted to learn how to wholesale

Tyler JorgensenPosted
  • New to Real Estate
  • Las Cruces
  • Posts 36
  • Votes 9
Quote from @David Ramirez:

Hey @Tyler Jorgensen,

Invest the most amount of time educating yourself and learning from people in the industry that you look forward to. Instead of solely focusing on closing deals, make serving and helping people with your services your top priority. If you're starting out with limited funds for marketing, consider driving around to find distressed properties, skip tracing addresses for 14 cents, and contacting the sellers directly to see if they're interested in selling. You could also knock on doors and talk to people. Keep in mind that scaling the business will require investment in marketing. The cost per contract in wholesaling, which is the amount spent on marketing to get a property under contract, can vary depending on the marketing approach you take. In my experience, the cost per contract is around $5,000 

Best of luck!!


Thanks for the response. I think from all the research I've been doing this year and last that driving for dollars may be my first step here. I'm just not sure how to identify where to start driving. I'm always listening to things on my drives and always reading books and watching videos so I think my education is coming along well. I appreciate the reminder to keep the service of helping others a priority.

Post: Beginner Invester wanted to learn how to wholesale

Tyler JorgensenPosted
  • New to Real Estate
  • Las Cruces
  • Posts 36
  • Votes 9
Good afternoon everyone!

I'm military and will be moving in September. While I can't make any deals happen nor do I have any deal under my belt I thought with the time I have left, I'm going to set a goal to do a single wholesale before September. I'm in the Las Cruces/El Paso area and I've been trying to do research on where would be a good start to learn. I've called and messaged a few people in the area but I'm not finding any wholesalers to partner with and I don't have the cash to be buying lists from websites.

Can anyone help me get pointed in the right direction so I can get started? This is an effort to learn more than make money but if I could even just get one sale in the next 4 months, I'd feel like that would be a win.

Hello Owen, I was curious if these meet-ups are often. I have reason to believe I will be moving to Vandenberg this year and I'm hoping I can network before I get out there and while I'm out there. 

Post: Coworker house purchase into him renting

Tyler JorgensenPosted
  • New to Real Estate
  • Las Cruces
  • Posts 36
  • Votes 9
Quote from @Jeff Copeland:

If he owes $100k on it, and needs to pay that off to reset his VA entitlement, he would need a $100k (plus closing and settlement costs) down payment just to walk away from closing breaking even and seller finance the rest.

I don't see any way the seller can help you (unless you are also a veteran and can assume his mortgage), so you'd need to look for someone such as an equity partner who can help you qualify for financing. 

If you have sufficient credit and income to qualify for a mortgage yourself, you could buy it with an FHA loan at 3.5% down, but you'd have to owner occupy, rather than lease it back to him.

I see that we will need to fund the purchase some how which is fine. I have someone willing to partner on the purchase to make it a rental but he doesn't have a lot of cash either. If the numbers work, do you think it's possible for me to pull a heloc of my own home for a down payment, then somehow avoid using a realtor do cut down costs? Again I'm new the this process so I'm open to criticism on my thinking. When I have someone willing to sell at a good price before it's on the MLS and a possible partner to help with costs I don't want to let the opportunity slip by.