buy properties from other investors? need feedback

[Ryan Nguyen]

Hi guys,

I went to an investor club meeting yesterday and they are offering some contracts (wholesale price) for a pre-built or watever it's called. After the building project is done, we have to close the deal or something like that. Is this normal in a club meeting?

Also after the meeting I got a chance to talk to several people and one guy know that I'm just starting so he's offering some duplex for sale in colorado for about 50k - 70k with "positive" cash flow.

How do I know if these are true? I'm a total newbie so dont know where to start.....

Do you guys think I can start with the cheap duplex since I dont have any money rite now....

Please give the newbie some suggestions..... :oops: :oops: :D :lol: :lol: