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Updated almost 11 years ago on . Most recent reply

User Stats

877
Posts
94
Votes
Christopher Hunter
  • Real Estate Investor
  • Cypress, CA
94
Votes |
877
Posts

Am I on the right track?

Christopher Hunter
  • Real Estate Investor
  • Cypress, CA
Posted

I would like to put one foot in front of the other and see if I am going in the right direction.

1. Research a emerging market that I am interested in

2. get familiar with comps on 2-4 plex multifamily properties

3. start marketing to those types of properties

4. analyze property/ run the numbers/run comps

5. make offers

6. tie up property with assignable contract

7. collect fee/learn rinse and repeat

Most Popular Reply

User Stats

83
Posts
35
Votes
Daniel DiGiacomo
  • Rental Property Investor
  • Baltimore, MD
35
Votes |
83
Posts
Daniel DiGiacomo
  • Rental Property Investor
  • Baltimore, MD
Replied

The only thing you're missing is finding a bunch of cash-buyers also interested in that market! I'm sure you are thinking of that, I just wanted to point out how many wholesalers seem to focus first of finding sellers... then can't preform quickly enough once they have a contract -- because they didn't spend as much time finding buyers. Best of luck to you!

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