John Dummett

Getting Started

How do you get started with little to no money? I live in Pennsylvania, and PA requires a real estate license to wholesale. Can you virtually wholesale for other states?

1 like • 29d

Look into double closing. You can bypass that law

J Yinh

Apr 8 •

Los Angeles Off Market Flip or Rental Home

Wholesale Opportunity XXXX Crenshaw Blvd Los Angles, CA 90019 SFR 6 bed / 4 bath 3,788 sf 7,361 sf lot Built in 1914 Repair Est: Buyer to determine Price: $1,150,000 Photos: https://drive.google.com/drive/folders/1FfzMVSVcPlldj7ZMrEE9nzqDK87F8Tvi?usp=sharing Dormitory style home detached garaged has been converted to a room, not ADU 4 beds upstairs, 2 baths, kitchen 3 beds downstairs 1 baths, and kitchen Garage converted into a room Additional bath, kitchen, and room built at the back of the house. Not permitted neither is the garage. Collecting $8300 in rent Zoned r3 They have 8 or 9 tenants and they’re lease ends Aug. PROPERTY IS A CERTIFIED BOARDING HOUSE SOLD OCCUPIED WITH TENANTS. Comps: 1721 Crenshaw sold for $1.665 m and its 1,000 sqft smaller 1717 Crenshaw sold for $1.55 m also 1000 sqft smaller Get High-Quality Seller Leads Delivered Straight to You: https://app.ispeedtolead.com/SELLERLEADS4U Access by appointment call or text Buyer responsible for his own due diligence Jesus 323-579-2654 jesus@needtosellhomenow.com

New comment 28d ago

1 like • 29d

Just a piece of advise. Buyers dont like that they determine the repairs stuff i know from experience. Be professional do your due diligence. It shows you mean business and you'll be respected. You can get a contractor to do a free estimate. I always have them give me a bare bones estimate to get it rented and an estimate that will get it to retail value. People like options and then you can plug that into a formula and use your due diligence as a negotiation tool. Trust me I do this and my contracts are presold. Thank me later.

Helena Mcdonald

Apr 18 •

Questions 💬

PSA General

where can I find a PSA that I can use and edit.? my brain is just NOT functioning. thanks

1 like • 29d

Chat gpt can help. Just make sure it has your state and county for specific laws, and I always advise you have a real estate lawyer look it over to be sure it has all the legal jargon. Try to keep it simple within a page or two. You can find a real estate lawyer near you that will do a free consultation and then pay them by the hour after and never pay them a retainer or by percentage

Bonnie Ruby

Mar 17 •

I almost quit wholesaling… until this ONE thing started working

When I first got into wholesaling, I was stuck, overthinking, second-guessing, and honestly not seeing results fast enough. But recently, something clicked. I stopped trying to do everything and focused on what’s actually moving the needle, consistent outreach, simple follow-ups, and not overcomplicating deals. And I’ll be real… I’m starting to see momentum. Not perfection. Not an overnight success. But progress, and that’s everything. That’s why I really appreciate being in a community like this. Everyone here is chasing the same goal: financial freedom through real estate, and sharing what works (and what doesn’t). What’s been working for me lately: Keeping things simple instead of chasing shiny strategies Taking action daily (even when I don’t feel like it) Learning from others who are actually doing deals - What’s been your biggest win so far in wholesaling? - Or what’s the ONE thing you’re struggling with right now? Let’s help each other out. And if you want, I’m happy to share more of what I’m doing step-by-step, comment “INFO” and I’ll break it down. Let’s get these deals

1 like • 29d

Biggest win is all the contracts Ive got closing. They really are stacking up! One thing I'm struggling with is the best investments to put my money so it goes to work for me

Chelsey Bailey

Apr 22 •

Pennsylvania

Wothout a real estate license, how do you wholesale real estate? Without putting money into the property? What is the secret?

1 like • 29d

Theres no secret. Two words that you need tostudy: FULL DISCLOSURE Also learn what a purchase and sale agreement( PSA) is. One important disclosure The contract is asiignable Two of the most important clauses: Property Condition Disclosure (which reveals known material defects) and the Lead-Based Paint Disclosure. You can do a deal without it costing money other than marketing, but you still will have to pay an Ernest money deposit (EMD) most times but when you assign that contract to a buyer have them also pay and Ernest money deposit 10x what you deposited in escrow usually done within 48hrs of signing a PSA. That way you always make money even if a buyer backs out. You also want to make sure you have an inspection period in place just in case you want to pull out for unforseable reasons. Title fees and title insurance is usually due at closing so find out what that will be from your investor friendly title company that work with wholesalers so you can figure those costs to your assignment which also is important to mention in your PSA that there will be an assignment fee paid by the buyer at closing to you the third party between seller and buyer.

1-10 of 59

Level 4

86points to level up