Wholesale Investing
I have been seeing many posts come up all over the place from people who think that to get into real estate they will just go ahead and start out in wholesale investing. Now thats all good BUT, everyone makes it out to be the easiest thing with no risk at all. I am a experienced investor and I have sold many homes and to many others doing what we do may seem easy. There are so many things that you need to know before you take on this type of career. I could write a book on this topic but for those of you who always ask " how do I do this ", well, I am going to give you a few suggestions. You dont have to do what I say or even agree.
1. You should have good credit
2. You should have some liquid cash
3. Never back out of a deal b/c you could not sell it.
4. Always plan on closing every deal, you will burn relationships if you do.
This mostly pertains to buying foreclosures from the bank.
