Hello from New York. Currently an AssetMgr, would like to learn to Wholesale and Rehab

[Brandon Mortenson]

Ive been working for a Real Estate Investment Fund for a couple months now, selling nationwide REO's that we purchase from the bank, basically wholesaling properties but not learning much about what the investors who Im selling to are really looking for.

I enjoy the process of working with investors and selling properties, however my real goal is to learn how to wholesale for myself and where to start.

I currently live in Brooklyn. If i were, for example, to birddog for some investors initially, would I need to work with properties near where I live? And what should I be looking for; comps, repair estimates, taxes. Im sure there's a lot more to it.

I welcome all questions. Thanks!

[Bill Gulley]

Hi, welcome to BP. I'd suggest you attend a local REI club and meet the investors in your area, and take it from there. You might ask them as to what they are looking for. Get your game plan set along the lines of your market, in other words, see what your customers want and fill the need.

As to how to qualify a property as a deal, read the forums here and review the appraisal process. Good luck, Bill

[Account Closed]

Welcome Brandon.

You can learn a lot about wholesaling here and I suspect you may be able to find some interest for REOs that you might have.

BP is a great place to learn and connect and IMO you get the most out of the opportunity when you share, ask questions and otherwise build connections. RE investing is very much about communicating with people.

[Ted Harris]

Welcome to BP Nation Brandon!!

[Champak Shah]

Brandon, Welcome to BP.
Yes --going to local REI club meetings --but more important --find New Yourk Investors group here in BP and talk or meet with few.

Go to search and read all articles --forums about Wholesaling --specifically Justins article on Wholesaling Costs Estimate --and my Comments --as far as Rehab cost estimates and what Rehabber pay for --check Jason Scott's posts here in BP and his website --

You may have to leave your job--Conflict of Interest --make sure not to burn bridges. Keep good relationship with one or two people there-

Do JV --partnership with them --use their funds --you will need transactional funding to do wholesale ---

[REMOVED]

Good Luck

[Phil Petite]

Hey Brandon,

These guys are all correct, go to meet ups and local REI clubs. Have you had any success meeting people yet?

I go to a great meetup called the Tri State Mixer. You can google it and just RSVP for the next event, it's free.

Best of luck,
Phil