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14 November 2024 | 19 replies
Folks appreciate enthusiasm and genuine curiosity.A friend of mine, Alex, felt the same hesitation but decided to give it a shot.
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15 November 2024 | 8 replies
However, many wholesalers are now buying and listing the properties where they don't physically live.The most important thing you have to know is whether they own the property.
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13 November 2024 | 17 replies
.: @Jared Khannot satire and genuinely trying to help.
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15 November 2024 | 9 replies
And regarding wholesalers, probably 99% of those deals are garbage.
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15 November 2024 | 17 replies
Closed my first wholesale deal in 5 years.
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15 November 2024 | 6 replies
I would recommend, at least, opening up a LLC in the US and operating out of that under your wholesale business.
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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14 November 2024 | 5 replies
Some strategies to consider:Networking with wholesalers: Many off-market properties don’t make it to the MLS, so connecting with wholesalers who operate in OKC can be a great way to access these deals.
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15 November 2024 | 1 reply
If you know local wholesalers or off-market specialists, their contracts have usually been vetted by an attorney.
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13 November 2024 | 2 replies
It's clear wholesalers aren't seen in the best of light, but many investors still use them.