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Updated over 5 years ago on . Most recent reply
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New to wholesaling in Lexington, KY
My name is Austin and I just moved to Lexington KY for my job. I love it here!
I went to a real estate investing 3 day class (than Merrill) last year and was hooked!!!
So now here I am in Lexington and I want to meet people in this area to network with and learn from.
I hear of a bluegrass REIA club, anyone here in that? Hopefully some meeting coming up?
I want to get started with wholesaling then invest my profits. Would that be the best bet for a beginner? Anyone here already expierienced with wholesaling in Lexington?
Most Popular Reply
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I know Jim well, you'll need a little more experience before he'll work with you or have a partner with experience but there are plenty of local banks that will give you a shot if the numbers work. I wouldnt worry too much about how risky it is, from a deal standpoint, your realtor should understand what your lookin for and whoever your lender is will likely underwrite the deal. Then if your family member can write a scope and an estimate. Between all of you....and J Scotts book...and the BP community....Go for it, its the only way to really learn....pick a price point your comfortable with and have a backup plan for the property. I never thought of it as risky :)