All Forum Posts by: Whit Mcafee

I came aross a 3bed 2 bath manufactured home with a large 2-3 car garage that needs a complete update inside and out. I went to look at the property with the owner and he told me the bank actually owns it and he still owes 117k on the property. It sits on a 1 acre lot wich in my opinion is worth more than the house itself. Is there a way that i could wholesale this property even tho the bank owns it? 

Thanks for the help guys!

So I'm still trying to grasp the wholesaling process so please correct me if I'm wrong. I find a property that I want to wholesale, get the best deal possible on the property and get it on a contract. Then advertise the property to my real cash buyers. My question is can i do this without any money out of pocket? Can I do this when the seller has an agent? Do I need a lawyer to draw up my contracts or the easiest way to get contracts? And what happens if I get a property under conract but cant find a buyer in a short amount of time? Thanks 

Thanks a lot! Still trying to wrap my head around all the different aspects of real estate. I live in a small town so I know a lot of different people but is building a business harder as opposed to a bigger city? And what's the easiest way to find other wholesalers or flippers? Thanks again

I am new to the world of real estate investing and is just trying to get over the hump. I have done the research and read books and i havent gotten one deal done yet. I would like to start my journey in wholesaling and then flipping soon after. How do I get over the hump and get my first done deal done? Is it as simple as just posting a good deal and buyres come to you? I would appreciate any advice.