New to it all! Pinellas County, Florida

[Samantha Torre]

Hello,

I have been too afraid to make my first post, so please be kind :)  My husband and I are new to investing, although he is very passive and letting me take the lead.  I have spent many hours reading these forums, the blogs, listening to podcast and the webinars, reading all the free books on BP and yes even buying Brandon's book (which was 100% what I needed to read)!  

I know you all are now thinking, "get off your couch and act on what you have learned". Well that is also in process. We hope to close on a FHA financed 4-plex MF. We will live in one unit, rent out the other three--saving about $1800 on our cost for housing and bringing income in of $500 (after expenses). Yes, right now expenses for us means taxes and insurance, 8% vacancy, management and maintenance. I think I have it all covered but might be surprised when it is all done...

I have a few questions that I just cant seem to find the answers too and hope you all can help me out--please remember I am so new and please feel free to assume I know nothing (you would be more right than wrong).

We are wanting to find either mf units but sf would be ok that would be seller financed.

1.  Would/could/should we use a wholesaler for this?  

2.  how could we find sellers to hold paper?

3.  Do wholesalers deal only in cash only?

4.  How can we find a RE group in our area?

5,  We want to do the buy/hold type of investing, I cannot seem to wrap my brain around on how it would go if we had others invest with us?

6.  Is it considered wrong to work with multi RE agents? or Wholesalers?  

Any advice or links or books (I will gladly do the homework and actually look forward to the homework) that you all can offer is greatly appreciated.  

Thank you and one day will repay your kindness!!

Samantha Torre

Pinellas County, Florida