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Updated over 7 years ago on . Most recent reply
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So Much Information...Where Do I Start?!
Hello BiggerPockets members,
My name is Anthony Papagni and I am new to real estate investing. I was licensed as a real estate salesperson in Michigan for a few years before I moved to Florida, but I never really gained any traction. I am extremely motivated to get my license here in Florida, but I would prefer to be more active in investing, specifically wholesaling to start out. After doing my due diligence and educating myself on many different REI topics, I've decided the best way for me to get started is wholesaling, but I am having trouble figuring out exactly where to start. Hence...this post. Can anyone chime in on how they started in wholesaling, specifically with little to no money and how you were able to build upon it to engage in other REI opportunities? I would appreciate that very much.
Best,
Anthony Papagni
Most Popular Reply
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Driving for Dollars! Simply drive around areas you'd like to invest in, note the addresses of homes that look vacant or in need of TLC, look up the owners' contact info, send them a letter offering to purchase their home for cash with a quick closing, negotiate a good price, get the property under sales agreement, then post the deal here in the marketplace to find a buyer, then close the deal with the end buyer holding title to the property, the seller is rid of the troublesome property, and you have made the wholesale fee. Win-win-win. Best wishes!