I'm a newbie! I want to wholesale this property I found! It's vacant and it's an eye sore! The area is ok (below middle class but not exactly the slums either) . Anyway there are county and city taxes owed on the property ($7k)
How do I need to go about trying to get the peppery under contract and how would I set this contract up?!?!? And how would I market it to a seller?!??
Welcome. Time to build the foundation below.
Check out the Start Here page http://www.biggerpockets.com/starthere
Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.
Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 70 past ones to catch up on.
Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook
- 9 Reasons You Couldn't Find A Buyer For Your Wholesale Deal
- Don't Start Wholesaling Until You Read This: Wholesale Advice from a Fix and Flipper
- How to Start Wholesaling: Getting Past The Education and Into the Field
Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need. Link with a wholesaler to get the deal done.
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
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