Providing Value as a Newbie

[Jared Smith]

Hey everyone,

I was wondering if some Seasoned investors could give me a few tips or advice starting out as a newbie. Currently I think I have discovered my niche and ways to find distressed houses, but I myself cannot afford them. To combat this I am looking to partner with a decently seasoned investor to learn and grow in the REI industry. My questions revolves around this question. What do you like to see out of Newbie investors that stimulates you wanting to work with them on a deal they found. I guess my real question is, what would make a seasoned investors spend time working with me on a deal I found rather than buying from a wholesaler with no strings attached. (Just for reference I am looking to invest in buy and hold 2-4 unit multi-families). Thanks for the Help in advance!

[Steven Mitchell]

@Jared Smith Wholesale at a cheaper price.  In my area there is a significant wholesale markup.  For example they source at 50k and sell to me at 65k.  In your shoes, I would sell these properties at 55k for a while and build your relationships, then you can slowly squeeze your margin up.  

A good wholesaler who provides healthy margin is a pot of gold.  We still havent found one we can use reliably.