All Forum Posts by: Will Clark

Hey Abraham, I have an in house skip tracer that could use some extra work. Won't charge a lot, just enough for us not to lose money and it keeps him busy and paid for us. Feel free to send in a small list (minimum 50) to test it out.

Great story, and wholesaling is hard, but I still think it's the best thing to do as someone new. Has the lowest barrier to entry and lowest risk. Would look at trying to scale into more things within a year or two, but wholesaling is a great way to start. Let me know if you need anything.

What's up man, feel free to connect with me about Nashville! I wholesale and keep some rentals in the area!

Title companies - ask for cash buyers.. some will give to you, some won't. Pull cash buyers from Propstream ... post in Facebook groups that you are looking for cash buyers... when you lock up a contract, post in facebook and save information of people that are interested. If you have a deal, it should sell!

RISK #1: People on BiggerPockets who have never done a deal giving second-hand advice ... ahahaha. Do you own research and try to find an in-person mentor who is doing it now!

Obviously don't buy a bad deal, but in all the rage of duplexes nowadays (thanks mostly to BiggerPockets) if you can find one hitting the 1% rule I wouldn't turn it down! Especially seller financing! Have a great opportunity to let it appreciate and fix it up a little bit then pull money out with a re-fi! Just make sure it makes sense without the re-fi, don't want to depend on that to make a deal work.

Honestly just giving up. You hear most people talk about how it took them multiple months to get their first deal, but yet a lot of people give up after a few weeks. This market is tough, sure, but there is always room for opportunity. And to whoever says they don't have time... well... yikes

Seller financed deal with a small down payment, or FHA house hack!

I'm in Nashville and a lot of the Alabama markets! Alabama is a great place to make that first jump. Pretty low housing prices and a ton of renters. Every deal I have put under contract in Alabama has hit the 1% rule, and most even hit the 2% rule!

HOT TAKE HERE , but I speak from experience: College is the absolute best time to start and take that initial risk. You are living for cheap, don't have a family depending on you, don't have kids or a spouse (likely), and you have a lot more time than you think. That's what made me jump in so young. I started with wholesaling, but then realized rentals aren't that scary if you can find a seller financing deal. My advice, start trying to source your own deals, even if you don't want to wholesale. It's likely these will be the best deals you will find. Try to get a seller financing deal, and if not, FHA might be a good option. Rentals, and especially house hacking, isn't that scary. Find a deal that works for you - don't search for the "perfect" deal, because there's never one. Jump in, and take that initial risk while nobody is depending on you. It's going to be hard to fail a house hack!