All Forum Posts by: Jason Hanson

J,

Welcome to the site.......read all you can and take action!

Jeremy,

Do you know what type of investing you want to do? Wholesaling, lease options, etc?

Leesa,

Welcome to the site. You are making a smart move by starting out wholesaling....def check out the whoesaling forum and you will learn a ton

Alex,

You will be a much happier and successful wholesaler if you only deal with cash buyers or people who have hard money....if someone is going to use traditional bank financing, have them pay your entire wholesaling fee upfront in cash.

hahah Rich, I love it.......as they say, there is probably a reason it's free.

Tam,

You could attend local groups or use realtytimes.com to see how the area is. Here is the link for local groups.

http://www.biggerpockets.com/real-estate-investment-clubs.html

Jake,

Every state is different. Recently some states have passed very strict foreclosure laws (Maryland) where you can't use the word foreclosure in your advertising, etc.

Check with your local groups to see if AZ has any crazy laws.

Alex,

In a nutshell you're right....you find a property and get it under contract with the seller (using a purchase agreement). Then you market the property to your buyers list. When you find a buyer, you use an assigment of contract and they then take your place in the property.

You only want to deal with mom and pop sellers when wholesaling..avoid the banks.

Get a $2,000 deposit when wholesaling and you'll get the rest of your money from the title company. And, no, you do not have to attend closing, the title company will mail you a check.

Wholesaling is virtually risk free, because you only put a $10.00 deposit down.

Brian,

It sounds like you should do wholesaling, instead of bird dogging (much more money to be made).

If you find a good deal and know how to build a buyers list, you should have no problem "flipping" a property.

It all depends on what stage you're at in your investing career. If you are just starting out you will be studying, learning, and running your whole business yourself...if you are full time, this is easily a 12 hour a day job (depending on how motivated you are).

Once you get your sytems and infrastructure in place, it's just a few hours a day (if that) making sure everything is running smoothly.

So if you are new, you should be:

1. studying
2. marketing
3. networking
5. making a lot of offers