Newbie From Harrisburg Pennsylvania: Seller Finance & Wholesaling

[Shanna Bechtel]

Good Evening BP members!

I am very new to REI and my fire was sparked by a free webinar hosted by Larry Goins. I learned of Seller Financing that day and I got really excited. Unfortunately, the $5k-$10k homes that I could possibly buy in my market are houses I could never sell. They aren't livable and they aren't in any type of desirable neighborhood. So I introduced myself to other famous investors such as Preston Ely and Chris Goff. After careful consideration I want to start wholesaling for quick cash so I can do seller finance and possible buy and hold investments.

My buy and hold would be a little different than the typical investor. There are several colleges out my way as well as several huge tourist attractions. My plan is to use the local RE market to rent via Airbnb and rent to local college students. More research and studying is required to make that a solid plan but one of our very own members is doing the Airbnb in my area and the numbers are amazingly impressive. Within 10 years I'd also like to own vacation rentals in various hot spots in the US but I have to start somewhere smaller and local. 

Fellow members, your input, advice and wisdom is greatly appreciated. Also, if you are interested in buying wholesale properties in the Harrisburg/Hershey/Carlisle area in PA, please let me know so I can add you to my buyers list.

...And does anyone use "MyREIPro"? Just signed on for a free trial and it astonishes me. I think it's worth the $100/month, anyone agree or disagree...