Newbie here

[Richard Gaston]

Howdy everyone from the Evergreen State (Washington). My name is Richard, I am 55 years old and have a wonderful pain the butt oops I mean wife (lol). I also have a 12 year old going on 20 son and a bigger pain in the .... never mind lol...I am basically new at this, again. But I have done this once before years ago when it was possible to get a No/Doc Loan, my only problem at that time is I was doing it in Baltimore, MD and at that time in the area I was in Baltimore made it illegal to Fix and Flip single family homes which I was dealing in at the time, the investor had to hold it for 5 years and live in it at the time, which I could not do. I had to many properties to do that so of course I lost it all. After about 15 years later I decided to do it again but I know the rules have changed, one there are no such thing as NoDoc loans anymore, but I know there are lenders that knows how to work around that some what, I just need to find them. Also when I first did this I did not know anything about Wholesaleing, the investor I was buying my properties from was doing that at that time. Now that is something I like to learn how to do, find single family homes in Lots and then sell them wholesale to investors who wish to fix and flip. That fellar was getting them in Lots of 100, now to be honest for me thats a lot, I may want to start at 25 and then work my way up if possible, as well as work on some fix and flips after I get this biz going. Yes I am going to do this when I can seeing I have a somewhat full time job, I actually work 32 hours a week at a (gasp) 7-Eleven and making 10 cents above minimum wage ($9.45 per hour now) I want to do this full time later but I really need to get it started first. I barely make enough to pay my bills, but I have lived in this old apartment for 13 years and seriously want to move out, so I want to be able to buy my own house doing the deal the same way I am doing the business, buy it wholesale. Ok, this has gotten a little lengthy and I am sorry, did not mean to write a book here lol...

[Gerald K.]

@Richard Gaston

Welcome to BP. We're up in Kirkland. There's a ton of information on wholesaling on this site. You will find some people say it's the best place to start and others say it's not. Search wholesaling in the upper right search area. You'll be busy for quite a while reading through all the posts. Also, go up to the "Learn" along the blue bar up top. Besides the Beginner's Guide and Podcasts, you will find Articles. There's a section on Wholesaling there. Go through those articles. That should keep you busy for quite some time. Good luck.