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Updated almost 6 years ago,

User Stats

8
Posts
3
Votes
Frank Molinaro
  • Nutley, NJ
3
Votes |
8
Posts

Should I ask my neighbor to wholesale?

Frank Molinaro
  • Nutley, NJ
Posted

Ive been interested in real estate investing for a while now, I’ve been reading and setting goals etc.  My initial focus was rental properties so Ive been immersing myself in consant articles, books and podcasts (we know which one).  As a recent college grad, who just started a job, I don’t exactly have the funds right now to go and buy a property.  So I’ve been looking at ways to get started with low money.  Enter Mr Brandon Turner, I was scrolling down the blog and saw his recent post about how to invest with little or no money.  Trying to wholesale was one of the points, and I said well thats cool except how am I gonna find someone thats selling a house and then try to make deal with them to get a little bit of money if I found them a buyer.

Then it hits me my neighbors across the street posted a sign out front of their house “for sale by owners”.  Their mother who just passed away would always talk to me and my parents when she sat on the front porch.  From that my parents and  I created a good relationship with the family.  My question is should I attempt to basically cold call them and try to strike up a deal where if I could find them a buyer maybe I could get a small percentage (hell I’ll take less then realtors average percentage).  Curious new to this type of investing so I don’t have much knowledge in it.

Thanks