I need help to get started

[Calvin Jones]

I need help to get started. I'm new to investing. I've been on this site for about two years but never really did any thing with the knowledge. I've joined a few reia groups, and want to get started in wholesaling in the next two to three months.  Some of my goals for 2016 are to do 20 wholesale deals, and 10 rehabs. The problem is that I would need a partner or at least someone who knows of hard money lenders or private lenders that work with new investors.

I'm willing to sign over the title of my car as collateral to get started. I don't have cash but without a car I'm in the same boat because this is skin in the game. I want in and I want to work with someone with knowledge of how to use contracts. Anyone in the Dallas Fort worth area would be helpful. Contact me and we can exchange contact info.

[Chris Soignier]

@Calvin Jones, welcome to BP and best wishes in kicking off 2016 w/ a bang!    Some people like to dream big, and I'm ambitious myself, but I can't help but point out that your 2016 goals are pretty unrealistic w/ no money or experience to get started.     I started single family investing (full time) in March, and should end up w/ 13 deals for the full year, incl. rehabs (2 still in progress), wholesale deals (1 in progress), seller finance, and private loans made.    I could have done more, but it would have meant taking some bad deals I passed on, accepting more risk than I'd like, and spreading myself thin.

In fact, I'm currently working w/ a friend who did the same, went crazy buying and rehabbing houses till she ran out of money.   This investor owes me $120+K on a note that defaulted Tuesday.    Good thing we're friends, b/c I'm working it out rather than foreclosing.   Remember that regardless of your forecasts, **** goes wrong (project delays, theft, extra repairs needed, etc., and you need to be well-capitalized to absorb those shocks if you want to survive for the long haul.    Make sure you have a cushion and at least a Plan B for each project!    (more applicable to rehabs than wholesaling, which doesn't involve much financial risk when done correctly).