A Different Kind Of Success Story.Due Dilligence

A Different Kind Of Success Story.Due Dilligence

General Contractor · shawnee, OK · Member since 2010 · 16 posts · 4 votes

This success story is not about buying my first property it is about research on it that that saved me a lot of trouble and money.
I tracked down the previous buyer he told me he put $10,000 in the house but a federal agency told him he couldnt use the rest of the land.(Can anybody guess why?).So he just walked away .So for a education I called the following
A)US Army Corps Of Engineers
B) State and county agencies
C)Real Estate Lawyer
What a education I recieved and it was all free!!!!!
My emotions ran wild when I first saw the property the owner said I could use all the acreage,I was just real glad I did my research. So I guess the point of this is to always do your own research no matter what your told.Now on to a question.
Im going into the VA hospital to have both knees operated on.While Im laid up I have read about virtual wholesaling . Has anybody done this is it possible to buy and sell real estate just by your computer?Any suggestions on how to get started.?
Any way Have a Great Day
Tim
This is a really cool site :D

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  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    16y

    The best deal is often the one you didn't do.

    Virtual wholesaling is possible, but successfully completing a deal much less likely than conventional wholesaling. However, the advances in on line data is making it easier to evaluate property without physically being there.

    Private Mortgage Financing Partners, LLC
  • Real Estate Investor · Venice, CA · Member since 2011 · 17 posts · 2 votes
    15y

    My first real estate partner used to say don't believe anything you hear, and only half of what you see.

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