Real Estate Investing Forums

Real Estate Investing => Bird Dogs, Wholesaling => Topic started by: Redstar1324 on August 14, 2016, 01:59:37 am

Title: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 14, 2016, 01:59:37 am
I live on the outskirts of Orlando. When I get my next signs, I will be putting them up in Sanford, a low income area.

Someone once told me that in real estate, it's just as much WHERE you do something as much as what you do.

I just heard that houses are being sold in one day in the area around the theme parks. I'm only one person, but I do have a car. I could go as far north as Deltona or as far south as Kissimmee. Would it make a difference?

How do I know where the real estate market is HOT? What statistics determine this? (average days on market?) And what statistics might be especially useful to wholesalers?

To a rehabber or home builder, average days on market would be extremely important.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Gold River on August 17, 2016, 01:42:53 am
Hi,

    I know I answered this already for you some months ago!

Are you a realtor? Do you list property on the MLS system? What is the average days on market for a home?

What are you wanting to accomplish? Are you wholesaling? Who is your buyer? What does your buyer want? Where does your buyer want it?

Now if I were wholesaling I would buy what my buyers want, where they want it!

Would I buy a hunting cabin in Idaho for a buyer wanting a home in Orlando? I could but I would have a really tough time selling!

So the only reason I would go into Sanford is I have a buyer wanting a home in Sanford? Otherwise I would be taking a contract with maybe a maximum 20 day window to assign a contract on a home, when realtors take twice that time average to sell a home! And have the MLS system with other agents and brokers to do it!

And the minute I fulfill that home to my Sanford buyer I leave Sanford and go to Orlando to fulfill those two homes my buyers need in Orlando and as soon as I fulfill my buyers needs in Orlando I go to Kissimmee to fulfill those 3 houses my buyers need in Kissimmee and as soon as I fulfill my buyers needs in Kissimmee I go to Daytona to fulfill that one home my buyers need in Daytona!

Dam I didn't know I was that smart, wow so I buy wholesale homes for my buyers where my buyers want to buy!! Yreka

So if my buyer needs a home in Sanford does that mean he probable has an end buyer who wants to live in Sanford? Probable
So if my buyer needs a home in Orlando does that mean he probable has an end buyer who wants to live in Orlando? Probable
So if my buyer needs a home in Kissimmee does that mean he probable has an end buyer who wants to live in Kissimmee? Probable

Damn I am brilliant! So basically I think I just learned to buy wholesale homes my buyers want where they want it! Whew

Boy that's way to much for my small mind for one night:


                            GR

Title: Re: How do I know which area I should be wholesaling in?
Post by: Gold River on August 17, 2016, 01:57:23 am
Hi,

     So I want to question the buyers on my buyers list to see what they want to buy and where they want to buy it?

I guarantee your buyers don't just say Florida as they have a specific area in mind, a specific bedroom / bathroom mix in mind and a specific type / style of home in a specific price range!

So I want to start right from the get go networking and marketing / advertising to build my buyers list?

That way "Big Bob" the Fix & Flipper who knows he wants to be in Orlando can find a wholesaler who will find him good homes!

SHOW ME THE MONEY!!! 


                       GR
Title: Re: How do I know which area I should be wholesaling in?
Post by: Randoskie on August 17, 2016, 12:51:58 pm
I just started advertising in other States for bird dogs. I inform my finders to search the low to mid income areas for the types of houses I want, which is chewed up junkers. I don't know which areas of each city are low income, but the bird dogs do.
I can always find buyers if the price is right, these low income properties still generate good rents for investor/landlords.
So, that's a clue, concentrate on the lower income neighborhoods first.
I also target distressed sellers, there will always be a percentage of sellers that need to sell because of financial hardship, like medical, job loss, death in the family, etc. But the way I find these is with door knob hangers and direct mail.
Also, my buyers are not picky, if I find a junker in the nearby towns that has good profit potential, they want it. So I don't restrict my searches to specific areas. If you find a good deal in Knumnuts Alaska, I want it.
Now stop asking questions and take action.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 17, 2016, 11:10:40 pm
I just started advertising in other States for bird dogs. I inform my finders to search the low to mid income areas for the types of houses I want, which is chewed up junkers. I don't know which areas of each city are low income, but the bird dogs do.
I can always find buyers if the price is right, these low income properties still generate good rents for investor/landlords.
So, that's a clue, concentrate on the lower income neighborhoods first.
I also target distressed sellers, there will always be a percentage of sellers that need to sell because of financial hardship, like medical, job loss, death in the family, etc. But the way I find these is with door knob hangers and direct mail.
Also, my buyers are not picky, if I find a junker in the nearby towns that has good profit potential, they want it. So I don't restrict my searches to specific areas. If you find a good deal in Knumnuts Alaska, I want it.
Now stop asking questions and take action.

Do you put your full first and last name on your door hangers? I'm a little weary of this.

Perhaps I could call myself "Redstar Capital Group."
Title: Re: How do I know which area I should be wholesaling in?
Post by: Luke9686 on August 18, 2016, 11:41:08 am
Dude, just f-cking do something.  Anything except posting more questions on this board.  This $hit is not rocket science.  If you don't want to put your name on door hangers then don't.  What difference does it make to people on this board?

Do something!!
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 18, 2016, 01:43:28 pm
Dude, just f-cking do something.  Anything except posting more questions on this board.  This $hit is not rocket science.  If you don't want to put your name on door hangers then don't.  What difference does it make to people on this board?

Do something!!

I am. I'm remodeling my house and managing an RV park.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Randoskie on August 18, 2016, 03:05:32 pm
Haha, Luke, chill out. You can visit me in my cave in Northern Idaho, where I hide out form all these insane questions. We will have a great time, skinning Raccoons, eating Moose Leg, spear fishing for trout, hunting wild boar with nothing but our buck knives. It will be glorious.
Personally I'm suspicious of Wholesalers that only use a first name or a company name. What you got to hide? You gonna do some shady s__t? I use my full name in all my ads. I am proud of the way I can help my sellers and buyers and bird dogs etc.
using your full name makes things personal, the sellers get all warm and fuzzy and confide in you.
How bout taking some action, I'm not talking half ass, like asking questions on this site, I'm talking bout finding some frikin deals and making money.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 18, 2016, 05:12:17 pm
The "action" you're talking about is buying bandit signs and placing them in the ghetto. That's great. I might do that, too, but...

I'm going to rehab houses. I have people I know from the RV park that can fix anything for cheap and need the money. I'm going to ask my dad for a loan to cover the down payment and the interest payments on the hard money loan.

All these questions were just determining which course of action to take. It's a good thing I found out that single family homes only profit ~$200/month before I went ahead and tried that. Who wants to spend a 20% down payment on a $150,000 house ($30,000) just to make it back $200/month at a time?

Oh, I suppose you're going to tell me that I should find a private lender to fund 100%, that way I don't have to pay the down payment. That way, I'll profit $75/month and spend all my time doing it.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Randoskie on August 18, 2016, 06:59:32 pm
I heard of a guy that wud look for Distressed businesses, not high end but little crappy mechanic shops, transmission shops etc.
He wud negotiate a long term lease with the owners. He then wud clean them up and paint the outside, steam clean the stained concrete floor and spruce up the front office with paint. He had no trouble subleasing them for $100 over his payment.
He was often asked why wud he go to all this trouble for a lousy 100 buks a month. He wud give his evil grin and say, I have 37 of them and some pay more than 100 buks.
But I'm sure I cud still try to answer your endless questions till the Universe converges back into the big crunch and you wud still be asking these insane questions and never doing Jack frikin S__t.
I just made $28,000 wholesaling 2 junk houses, I didn't need a loan, I didn't need any Money or credit, I didn't have to ask Daddy or Mommy for money.
I try not to ridicule you and belittle you for your lack of action and flip flopping and endless redundant questions, but it's difficult, I'll be in my cave.
Title: Re: How do I know which area I should be wholesaling in?
Post by: andise84 on August 19, 2016, 08:52:06 am
I believe it will work with a city or major cities like LA, New Jersey, Denver, etc. or any high-cost standard of living states, that is where wholesaling works.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Randoskie on August 19, 2016, 12:09:59 pm
I have discovered that some of my best deals were in smaller towns within 50 miles of my City. I can often get some really low prices on these rural fixers, and many of my buyers are in the city, cuz these rural properties rent and sell quickly. I try to stay in the city, but why wud I when these other areas are very profitable also?
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 19, 2016, 01:05:03 pm
I have discovered that some of my best deals were in smaller towns within 50 miles of my City. I can often get some really low prices on these rural fixers, and many of my buyers are in the city, cuz these rural properties rent and sell quickly. I try to stay in the city, but why wud I when these other areas are very profitable also?

Well there's not enough time in the world to put signs up in every small town in the country. I wasn't getting anything from my Craigslist ads except other wholesalers.

I have talked to professional wholesalers and they say they get their best deals from direct mail.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Randoskie on August 19, 2016, 06:10:43 pm
Well, I only use half my brain or maybe less, I get my best deals from doing it all. Bandit signs, direct mail, door knob hangers, Craig's List ads and my favorite is recruiting bird dogs and other wholesalers.
You know last year I got a killer deal cuz one of my bird dogs stopped at a yard sale and the owner was selling his furnishings to live on.
He told her he lost his job and was behind in the mortgage & was borrowing and now selling his stuff.
I also like to hand out my business cards at my fav store,, Walmart, I feel sorry for these poor working people.
I tell everybody I come across how they can make money finding me houses.
I'm still only doing this half ass, But if I was making excuses and never taking action like you, I wud put a stun gun to my testies and get in gear.
rando
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 26, 2016, 11:33:59 am
Well, I only use half my brain or maybe less, I get my best deals from doing it all. Bandit signs, direct mail, door knob hangers, Craig's List ads and my favorite is recruiting bird dogs and other wholesalers.
You know last year I got a killer deal cuz one of my bird dogs stopped at a yard sale and the owner was selling his furnishings to live on.
He told her he lost his job and was behind in the mortgage & was borrowing and now selling his stuff.
I also like to hand out my business cards at my fav store,, Walmart, I feel sorry for these poor working people.
I tell everybody I come across how they can make money finding me houses.
I'm still only doing this half ass, But if I was making excuses and never taking action like you, I wud put a stun gun to my testies and get in gear.
rando


You said you lost on your first attempt at rehabbing. Any reason why?
Title: Re: How do I know which area I should be wholesaling in?
Post by: Mdhaas on August 26, 2016, 12:36:11 pm
Redstar....just go out and do it! Quit analyzing!  You have had an overwhelming amount of outstanding direction given to your free on this forum.  Make it happen!   :beer
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 26, 2016, 09:45:07 pm
Redstar....just go out and do it! Quit analyzing!  You have had an overwhelming amount of outstanding direction given to your free on this forum.  Make it happen!   :beer

You mean go out an hang bandit signs? They're in the mail. I am trying to schedule appointments to see 10 different houses tomorrow, but my realtor didn't get back to me like he said he would.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Gold River on August 27, 2016, 12:42:29 am
Hi,

    Why would you go see 10 different houses with a realtor tomorrow? Are you surprised a realtor did not get back with you?

As a real estate investor go drive by these houses, peak in the windows of empty property and view from the street occupied properties!

Then if you think you like something write an offer and put a "inspection contingency within 3 days of acceptance of this contract to see interior of property!"

I very rarely use my realtor to show me houses and if I think I like one then I either schedule to see the interior of that one only or I go to look in the vacant houses windows and judged the condition and rehab costs by what I saw in relation to after rehab FMV and sellers asking price!


                           GR                       
Title: Re: How do I know which area I should be wholesaling in?
Post by: Randoskie on August 27, 2016, 01:26:08 am
It's time that Javipa take over the frustrating job of helping Redstar. It's time he learns that no matter how many times he answers the endless redundant questions they will never end. I am already making a place for Javipa in my cave in Nothern Idaho were he will need intensive mental rehab and regrouping. Cuz once Javipa learns that mere words and answers and help he gives to Redstar the action will be nil, & more excuses or any action taken will be all wrong and against every advice he gives.
If Javipa believes that there is hope for Mr. Redstar, I got a bridge I'll sell him, it's in Frisco, I'm selling it cheap cuz it had some earthquake damage but was repaired.
Seriously, Redstar, why u screwing around with Realtors, can you qualify for a loan? You have a 20% Down Payment? For Christ sake, find distressed junky houses, that are NOT on the MLS, locate owners, negotiate lowest price, get it on contract, add 5-15K call buyers or advertise on CL, assign contract, get paid and do it again, then again.
I sent you the book, it has the contracts and detailed step by step info. Pay my ticket to Florida plus 5K and I'll stick ur nose into some deals that will pay a lot more than the buks you gave me.
Oh yea, you cant do that, your still waiting on your bandit signs to arrive.
I'll be in my cave.
Rando
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 27, 2016, 10:20:14 am
It's time that Javipa take over the frustrating job of helping Redstar. It's time he learns that no matter how many times he answers the endless redundant questions they will never end. I am already making a place for Javipa in my cave in Nothern Idaho were he will need intensive mental rehab and regrouping. Cuz once Javipa learns that mere words and answers and help he gives to Redstar the action will be nil, & more excuses or any action taken will be all wrong and against every advice he gives.
If Javipa believes that there is hope for Mr. Redstar, I got a bridge I'll sell him, it's in Frisco, I'm selling it cheap cuz it had some earthquake damage but was repaired.
Seriously, Redstar, why u screwing around with Realtors, can you qualify for a loan? You have a 20% Down Payment? For Christ sake, find distressed junky houses, that are NOT on the MLS, locate owners, negotiate lowest price, get it on contract, add 5-15K call buyers or advertise on CL, assign contract, get paid and do it again, then again.
I sent you the book, it has the contracts and detailed step by step info. Pay my ticket to Florida plus 5K and I'll stick ur nose into some deals that will pay a lot more than the buks you gave me.
Oh yea, you cant do that, your still waiting on your bandit signs to arrive.
I'll be in my cave.
Rando


Because I'd rather rehab than wholesale for now. I think I can make more. I bought car magnets for my truck. Yes, I do have a down payment for a hard money loan on a rehab. I'm still waiting on bandit signs.

What else? Get back on Craigslist? Hire more bird dogs?

I believe I can rehab a house in two weeks.

Last week, I didn't even know how to replace cabinets. Now, I know they come in wall units, base units, etc. Maybe you're just not paying attention.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 27, 2016, 10:24:04 am
Hi,

    Why would you go see 10 different houses with a realtor tomorrow? Are you surprised a realtor did not get back with you?

As a real estate investor go drive by these houses, peak in the windows of empty property and view from the street occupied properties!

Then if you think you like something write an offer and put a "inspection contingency within 3 days of acceptance of this contract to see interior of property!"

I very rarely use my realtor to show me houses and if I think I like one then I either schedule to see the interior of that one only or I go to look in the vacant houses windows and judged the condition and rehab costs by what I saw in relation to after rehab FMV and sellers asking price!


                           GR                       

Because I can't see every room through the windows?

I'm not about to enter somebodies backyard in a bad neighborhood and shine a flashlight through the window. Maybe in the near future, but not now.

That inspection contingency is a good idea.
Title: Re: How do I know which area I should be wholesaling in?
Post by: javipa on August 27, 2016, 02:13:24 pm

It's time that Javipa take over the frustrating job of helping Redstar. It's time he learns that no matter how many times he answers the endless redundant questions they will never end. I am already making a place for Javipa in my cave in Northern Idaho were he will need intensive mental rehab and regrouping. Cuz once Javipa learns that mere words and answers and help he gives to Redstar the action will be nil, & more excuses or any action taken will be all wrong and against every advice he gives.

If Javipa believes that there is hope for Mr. Redstar, I got a bridge I'll sell him, it's in Frisco, I'm selling it cheap cuz it had some earthquake damage but was repaired.

Seriously, Redstar, why u screwing around with Realtors, can you qualify for a loan? You have a 20% Down Payment? For Christ sake, find distressed junky houses, that are NOT on the MLS, locate owners, negotiate lowest price, get it on contract, add 5-15K call buyers or advertise on CL, assign contract, get paid and do it again, then again.

I sent you the book, it has the contracts and detailed step by step info. Pay my ticket to Florida plus 5K and I'll stick ur nose into some deals that will pay a lot more than the buks you gave me.

Oh yea, you cant do that, your still waiting on your bandit signs to arrive.

I'll be in my cave.

Rando


Ha!!  ' intensive mental rehab and regrouping'  I'm beyond that kind of help. 

I have my eyes open.  I realize that the likelihood of Redstar pulling the trigger is the same as Obama giving up on Islam, but Redstar's questions keeps my typing skills sharp. :beer
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 27, 2016, 08:58:23 pm
I just sold my Lexus so that I have money to put on a hard money loan to rehab a house.

I also bought car magnets for my truck that say "We Buy Houses," and have bandit signs coming in the mail.

I think only an idiot would do something that he didn't fully understand or wasn't prepared for.

There is no action I can take. Hang up bandit signs? Well, they're in the mail.

I have an appointment with a realtor to see 10 houses, and I'm not going to rely on just peeking in the windows to see what repairs need to be done. What would it look like if I went up to a random house and climbed on the roof? Is that even legal? How do I know if it even has a water heater if I can't see it through the window?
Title: Re: How do I know which area I should be wholesaling in?
Post by: Luke9686 on August 27, 2016, 10:13:59 pm
You've done all you can?

Have you drove around looking for vacants, then contacting the owners?  Have you went to the courthouse and searched through the new probate files (I used to do this with moderate success), have you attended any REIA meetings?  Found a mentor?  Contacted FSBO's?  Had your realtor send you expired listings, then contact them?  Read any books on marketing, wholesaling, rehabbing?  Ran Craigslist ads looking for bird dogs?  Ran "We Buy Houses" Craigslist ads?  Printed up fliers and out them on bulletin boards?

Dont respond by asking details about any of these, or that they're a waste of time.  If you haven't done these things then you haven't done all you can do until your signs arrive...
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 28, 2016, 11:22:29 am
What's the best way to find FSBO's?
Title: Re: How do I know which area I should be wholesaling in?
Post by: Randoskie on August 28, 2016, 12:32:35 pm
Bird dogs, Bandit signs, Direct mail, driving mid and lower income neighborhoods, handing out brochures at job fairs, handing out brochures at the Walmart parking lot, putting fliers on cars at the shopping centers, walking neighborhoods and putting up door knob hangers, advertising on Craig's List and social media, handing out business cards to everybody you see, calling for rent ads,
stopping at yard sales and asking do you know someone selling their house, using Radio and TV and Billboards, Checking tax, delinquents, code violations, divorces, bankruptcies, evictions, ect ect and on and on.
But why do I bother, you wont be doing any of these.
I'll be in my cave sharpening my spear for my next moose hunt.
Rando
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 28, 2016, 10:39:39 pm
Bird dogs, Bandit signs, Direct mail, driving mid and lower income neighborhoods, handing out brochures at job fairs, handing out brochures at the Walmart parking lot, putting fliers on cars at the shopping centers, walking neighborhoods and putting up door knob hangers, advertising on Craig's List and social media, handing out business cards to everybody you see, calling for rent ads,
stopping at yard sales and asking do you know someone selling their house, using Radio and TV and Billboards, Checking tax, delinquents, code violations, divorces, bankruptcies, evictions, ect ect and on and on.
But why do I bother, you wont be doing any of these.
I'll be in my cave sharpening my spear for my next moose hunt.
Rando

Yea cause I'm gonna spend my life in the WalMart parking lot wasting money on business cards to hand out.

Why did you fail when you tried to rehab?
Title: Re: How do I know which area I should be wholesaling in?
Post by: javipa on August 28, 2016, 10:53:56 pm

Bird dogs, Bandit signs, Direct mail, driving mid and lower income neighborhoods, handing out brochures at job fairs, handing out brochures at the Walmart parking lot, putting fliers on cars at the shopping centers, walking neighborhoods and putting up door knob hangers, advertising on Craig's List and social media, handing out business cards to everybody you see, calling for rent ads,
stopping at yard sales and asking do you know someone selling their house, using Radio and TV and Billboards, Checking tax, delinquents, code violations, divorces, bankruptcies, evictions, ect ect and on and on.
But why do I bother, you wont be doing any of these.
I'll be in my cave sharpening my spear for my next moose hunt.
Rando


Yea cause I'm gonna spend my life in the WalMart parking lot wasting money on business cards to hand out.

Why did you fail when you tried to rehab?


Maybe you already answered this, but what training have you purchased?  I ask, because the questions you ask would be answered in 95% of the wholesaling, or rehabbing courses available here on the reiclub.com.

Not to mention receiving accessing a more organized approach to learning about this business, than asking 5,003 miscellaneous, repetitive questions on this forum. 
Title: Re: How do I know which area I should be wholesaling in?
Post by: Randoskie on August 29, 2016, 02:27:27 am
Me an my buddy got an incredible deal on a duplex from a Realtor for 22K Somebody had torn the roof off and then it rained, so we had to put a roof on it first and then gut the place. It was in a bad area, had a flat roof, my buddy and I did everything cept the hot tar mop roofing.
Everything was great, got good tenants. But then that damn flat roof started leaking,, renters wudnt pay and kept moving out and we kept patching the roof, this went on for awhile, finally I gave it to my buddy and walked away. And was happy to get out from under it without costing me money, just 3 months of my life doing the rehab.
It seems like it has been a year since you first started asking all ur questions, when will you take action?
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 29, 2016, 08:33:51 am
That's not a fix and flip. That's a fix and rent.

I already have taken lots of action.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Luke9686 on August 29, 2016, 08:43:29 am
I've finally figured it out.  Redstar is a troll.  Don't feed him anymore.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 29, 2016, 08:54:33 am
I've finally figured it out.  Redstar is a troll.  Don't feed him anymore.

I should be like you and make $200/month doing sub2 --> owner finance. That's not even worth the time.
Title: Re: How do I know which area I should be wholesaling in?
Post by: javipa on August 29, 2016, 09:34:39 am

I've finally figured it out.  Redstar is a troll.  Don't feed him anymore.


I should be like you and make $200/month doing sub2 --> owner finance. That's not even worth the time.


That's pretty cocky for someone whose done zero deals.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Luke9686 on August 29, 2016, 10:15:13 am
I've finally figured it out.  Redstar is a troll.  Don't feed him anymore.

I should be like you and make $200/month doing sub2 --> owner finance. That's not even worth the time.

What about the $10-20K I typically get as a down payment?  What about the $20-40K as back end profit on each deal?

Come back when you make a dime...
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 29, 2016, 07:21:08 pm
Oh yea the down payment. I forgot about that. That actually sounds fun, now.

https://goo.gl/images/SoKFQ0
Title: Re: How do I know which area I should be wholesaling in?
Post by: Mdhaas on August 29, 2016, 08:29:52 pm
Quote
I should be like you and make $200/month doing sub2 --> owner finance. That's not even worth the time.
Quote
Oh yea the down payment. I forgot about that.

Redstar1234, I am beginning to wonder if you are taking any of the information that has been provided to you into consideration.  You need to take the information that has been freely provided to you by the experts and do something with it.

Do you actually think that you have earned the right to critique others? 

Make something happen. Quit looking for ways to circumvent the system.  Get in there, get dirty, bloody, put what you have been provided by the experts, into action.

I saw a post from you earlier about how it is cheaper for you to make your signs than to buy them. You have spent so much time in the analysis stage that you apparently want to find reasons NOT to act. 

While the materials for signs may be less expensive have you taken into account the value of your personal time spent putting them together?     Wouldn't your time be better spent out there looking for deals?

C'mon Redstar...sh#t or get off the pot. 



Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 29, 2016, 08:40:41 pm
I'm seeing 10 houses with a realtor on Wednesday. I'm even bringing a 24 foot extension ladder so I can get on the roof. I plan to do most, or all, of the rehab myself. That is getting dirty. I will hire "handymen" to do everything instead of contractors. The only thing I might consider hiring a contractor for is advanced electrical because I don't think I could supervise that to make sure it's done safely and I don't want anyone's life on my hands if their new circuit panel burns their house down. But honestly, within 6 months, I will probably be able to install new circuit panels myself.

I think that is a much better course of action than handing out business cards at Wal-Mart.

A lot of this is just figuring out what my options are. A month ago, I didn't even know what sub2 meant. Last week, I didn't even know cabinets were made out of base units and wall units, etc.

Wholesaling doesn't make sense to me as a primary method. Maybe I could do it on the side, but I think I can rehab a house in two weeks and make all that profit. If I get any calls for houses that don't need rehab, I can take them over and owner finance them and collect that down payment.

As far as renting single-family homes, I don't want to just not do it and call myself a quitter, but $300/month isn't worth all the trouble of fixing toilets and going to the courthouse. Apartment investing? That might be worth considering, as well as hotels. But that's for the future, not now.

Plus, the fact that I just now for the first time in my life have over $20,000 in the bank and thus have money to do these things. $8.00/piece bandit signs cost a lot of money. $800 for a box of 100.

And I'm sure you will tell me that I'll make it back on the first house. That's great, but I didn't get any calls last time. I just got my signs taken down by some douchebag. Hopefully douchebags don't have stepladders or I will be wasting money once again.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Luke9686 on August 29, 2016, 08:59:39 pm
Where did you buy the bandit signs from?  Banditsigns.com has them for $1.89 a piece in quantities of 100 or more.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 29, 2016, 10:08:56 pm
Where did you buy the bandit signs from?  Banditsigns.com has them for $1.89 a piece in quantities of 100 or more.

No they don't. They have them for $1.99 at a quantity of 200.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Luke9686 on August 29, 2016, 10:53:47 pm
https://www.banditsigns.com/index.php?route=product/product&path=59_100_103&product_id=225
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 30, 2016, 07:08:02 am
But those aren't the custom ones that I wanted. I think my design would work better.
Title: Re: How do I know which area I should be wholesaling in?
Post by: Luke9686 on August 30, 2016, 08:18:48 am
These have worked quite well for me but oh well.  Bought two houses so far this month with them...
Title: Re: How do I know which area I should be wholesaling in?
Post by: Mdhaas on August 30, 2016, 11:30:06 am
Quote
But those aren't the custom ones that I wanted. I think my design would work better.

So instead of using the cost effective, tried and true versions of signage....you know better and are going to create a better more costly version?

 :rolleyes
Title: Re: How do I know which area I should be wholesaling in?
Post by: Redstar1324 on August 30, 2016, 12:17:11 pm
Yea it's the same logo I have on my truck magnets.

https://www.dropbox.com/s/ia3uunvtl3vouhb/sign.png?dl=0

Pretty sweet, huh?
Title: Re: How do I know which area I should be wholesaling in?
Post by: Randoskie on August 30, 2016, 04:26:38 pm
Are you frustrated yet? Has this know it all newbie got you going? Can you imagine rehabbing a house in 2 weeks, of course it's possible with a 20 man crew working extended hours, just last month he didn't know the dif between base cabinets and upper cabinets but now he can remodel a house in 2 weeks. He has an imagination, got to give him that.
I've tried offering advice, sent him books, answered his questions till the cows came home, but he's too good to hand out business cards or brochures.
He's paying $800 for 100 bandit signs? What planet is this sign company on? I get multi colored signs pre printed ones for $900 for 500 of them and that included delivery. Of course I use dirtcheapsigns and they are located on Earth.
Oh well, anybody want to join me in my moose hunt? I got an extra spear.