Starting my journey

[Cory Lee]

Hello Everyone! 

         My name is Cory Lee and I'm just beginning my journey as a Real Estate investor in Tampa Bay area of Florida. I have always envisioned myself Building Wealth through the aquisition of multi-family rental properties. But as I quickly found out, without adequate credit and funds it's very hard to get started. But as I continued to conduct research in the field I learned about wholesaling and short sales.  I purchased a program titled " four hour flip formula" by Mark Whitten.  But after studying the program I'm not all that confident that I can start closing deals by using that program alone as advertised.  So I was wondering if you guys had Any good advice . Thanks in advance! 

[Robert Aurie]

Finding the deal is the most critical part. If it's a real deal, it will sell. You can use county records and the internet to locate the owner. To know what to offer, use the MOA formula and then deduct the fee you want to make from there. Plenty of investors will buy at 70%. You offer using the FAR BAR As-is contract which you can find online. Give yourself at least a week for the inspection period, 2+ would be preferable. In that period find a cash buyer. Hard money buyers will probably be too complicated at first to work with. BP is a good place for this, plenty of info out there on how to find cash buyers. Assign the contract to them for an assignment fee which is the difference between what you bought it at and your asking price. Florida Association of Realtors has an assignment doc you can use...... Repeat! 

Research each step in depth of course. PM me if you need additional advice! Good luck, hopefully we can work some deals together once you get going!