New investor looking for advice.

[Account Closed]

Hi everyone! My name is Henry and I am a new real estate investor here in south florida however I like to explore my options within the state. I currently have my 1st property under contract in Port Richey, Florida. I pulled comps in the area and I believe Ive priced the property well with at least 30% equity in the property. the ARV is 60K and the property needs about 5K in repairs. Im looking to virtually wholesale this property to a buy and hold investor preferred however I am having trouble finding them. Ive tried Craigslist, For rent signs, and even called agents but no luck. My 15-day inspection period is about to approach and im thinkin of backing out. Any suggestions?

[Mitchell L.]

Hello Henry, 

Have you tried contacting some local wholesalers and perhaps have them market the deal for you and split the profits 50/50 with you? This way, you get your feet wet in the game and develop some relationships with local people in the area.