he_is_I
Pro
Anybody here do it or got any advice. A guy at work was giving me the game and said it is a good way to make money.
Wholesale Real Estate
- Thread starter he_is_I
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Grizzly
Home Run Hitter
BiggerPockets.com my bruddah
OC's finest
All Star
this.
and also, anyone that says something is "easy money" is really naive, or is trying to finesse you
there aint no such thing as easy money bruh
OC's finest
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Spit game ?
HacksawJimThuggin
All Star
I work with a ton of investors and also do some wholesaling and flipping myself... hardest part is finding the properties and then finding out how to contact the owners of said properties. Checking the county sites around you for tax deed sales is a decent strategy. Also maybe getting in touch with probate and foreclosure defense attorneys in your area and letting them know you're willing to buy homes with cash (you're not actually doing this, you're just going to assign the contract) if their clients ever want to sell.
I got a ton of advice, I'm just too lazy to type it all out right now. Hopefully this thread gains traction. I've been advocating wholesaling real estate on here for years, as it's a great way to make a good living while eliminating the majority of the risk and cost that usually comes with being involved in real estate transactions.
I got a ton of advice, I'm just too lazy to type it all out right now. Hopefully this thread gains traction. I've been advocating wholesaling real estate on here for years, as it's a great way to make a good living while eliminating the majority of the risk and cost that usually comes with being involved in real estate transactions.
OC's finest
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out of curiosity what state u in?
im located in cali and got some investments here, and my good bud is investing in out of state shyt around cleveland and the midwest. i been scared to take the plunge on out of state stuff.
im tyrin to link up n build wid ppl from out of state tho, that have the networks in place
HacksawJimThuggin
All Star
I'm in South Florida... which is actually a good ass spot to wholesale because so many older folks move down here once they retire and buy houses near the water... and then once they pass, those properties who to their heirs, who tend to be living elsewhere and don't want anything to do with the place, they just want their money from the sale of it. So one of the best resources for me have been estate attorneys who handle probate and wills, because if the beneficiaries of those properties don't want them, the attorney can offer them a solution - a cash buyer that can close on the property ASAP so they can all get paid.
I've been wholesaling for about 4 years now. The premise is easy but it takes a lot of sweat equity if you don't have money. I also cosign biggerpockets but also flippingjunkie.com and frlip2freedom.com. There's a great group on facebook called wholesaling houses fulltime that has a ton of info. Some free tips I can give you are to drive around looking for vacant properties and look them up on your county website. For the most part it will at least have the owner's name and mailing address, go to your circuit court and request a list of open probate cases for the last 2 weeks and look up preforeclosures, send a FOIA (Freedom of Information Act) request to what ever city you're looking to work in for code violation and tax delinquent lists, search craigslist, and most important....network and build relationships! Also know your numbers!
PewPew
I came from nothing
im in GA and im extremely interested in this
Second this ... especially when you nurture your investors to invest in other assets
After you've set systems in place including hiring and training staff then it's pretty much easy street
I feel like most of the discussions here focus on how to get $$$$ which is fine
but after a certain point ...you'll need to replace yourself
Scientific
Bacdafucup
How would you start with out much cash/capital up front?