Dallas-Fort Worth Real Estate Investor Club

We are new in the wholesale business and need help

  • 03 Jun 2012 1:11 PM
    Message # 941718
    We have just started out business as real estate investors on a wholesale end. We could use some help getting things started with investors and sellers who are willing to help "show us the ropes" so we can both make some money.

    Thank you

    Fay Bell
    Last modified: 03 Jun 2012 1:12 PM | Dennis and Fay Bell
  • 03 Jun 2012 2:48 PM
    Reply # 941751 on 941718

    One thing you'll need to get familiar with is the process of looking at houses (it does involve a process).  The "hundred house rule" says something like:  you should look at 100 houses, make offers on 10, get accepted offers on a few of those, and get 1 house under contract.

    A good place to start would be to find a few realtors (so you don't wear out the first realtor) who can help you locate and access properties.  Then, look at 100 of them and go through the analysis of pulling comps, figuring up the repair estimate, and calculating the price you should offer.  It sounds like a big task, but almost every successful investor, wholesaler or otherwise, knows the value of laying this foundation.

  • 04 Jun 2012 1:29 AM
    Reply # 942616 on 941718
    Robin Carriger (Administrator)

    Hi Fay,

    Welcome to the world of Real Estate Investing.  It's a wonderful place to be.  My wife, Cindy, and I have been in Real Estate for about nine years now.  I'd be happy to talk with you about how to get started in Wholesaling.  Feel free to give me a call at 817-300-1132.  I can also be reached at robin@dfwreiclub.com.  I look forward to speaking with you.

    Thanks,

    Robin

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