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Updated over 10 years ago on . Most recent reply

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Celia Holliday
  • Charlotte, NC
0
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Charlotte, North Carolina

Celia Holliday
  • Charlotte, NC
Posted

Hi, all!

I am a newbie REI and getting started in Wholesaling to build cash flow. My current focus is on Preforeclosures, Probate Settlements, Expired Listings, and Short Sales. My goal is to have my business generating cash flow and to be able to teach my son wholesaling when he returns home from college in August, 2014.

I was feeling a little lost until I found this site. I have been attending REIA meetings in my area and "yes" ran into a couple of sharks who tried to sell me a $997 hold my hand and walk me through each deal and take 50% of each deal for three deals.

I thank you so much for all of the information I have found here for free! I have a base to stand on and can continue to move forward with the "To Do Now List."

Most Popular Reply

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Ramon Jenkins
  • Real Estate Agent
  • Milwaukee County, WI
525
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3,716
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Ramon Jenkins
  • Real Estate Agent
  • Milwaukee County, WI
Replied

@Celia Holliday -> just my two cents

When you visit your child campus :

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Check out the local property rental rates.

My personal suggestions: when you go visit your child college :

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

check out the local property rental rates the first 14 months.

Purchase an off campus property for your child

their 3rd and 4th year in college. Rent out the rest of the property.

Example: duplex

~~~~~~~~~~~~~~~~~~~~~~

Your child lower unit – free rent

Renters upper unit - cashflow

After child completes college: sell or hold property

Michael Jordan is not only one with game!

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