Wholesale Deal From My Bedroom
Hello BP,
My name is Ryan and I'm currently a Junior in college. I'm an absolute beginner with no network, not much money, and only a base level of knowledge (growing exponentially since joining this site). With all that being said, I still believe that I can be successful. My goal is to close a wholesale deal by THIS May (I can hear you laughing), and I was wondering how everyone thought I should approach this. I understand the level of difficulty in this endeavor, but I've just always believed that if it CAN be done, why not do everything to do it, right? ANY comments, advice, words of caution, etc will be welcomed with open arms!
Thank You,
Ryan
Most Popular Reply
1) Great question- No. Repairs must be calculated into analysis.
2) No. You can put a property under contract for $1. =)
3) It is. Obviously I can't give legal advice, but anything not clear in the contract, I write in.
I'm to the point in my business that I'm either going to buy it or wholesale it. I have no need to "get out of a contract", but early on that wasn't the case. I just told people what I was doing. I was straight up with them.
"My name is Brit and I work with a bunch of local investors. My job is to go out and find properties that meet their criteria. Once I do that, I get a contract and send it to them for review. Out of my network of investors, I choose the one who is willing to close the fastest and get you paid the quickest"