Newbie from West Georgia

[Daron P.]

Hi everyone, my name is Daron and I live in the west Georgia area. My business partner Jason and I are extremely excited and eager to learn the real estate business. But we both work full time with families and are just not exactly sure on how to get started, or what to do first. We have been to a few Real Estate seminars (that you pay for) I have read books, we have also just started going to one of our local REIA's. All that's great, but I still feel lost, they all tell you what to do, but not exactly HOW to do it. These are just a few of my/our questions, if anyone can answer them or direct me to where I can find the answers for myself, I would be extremely grateful. Our plan is to first learn how to wholesale, then rehab, and then take profits from those things and buy and hold properties. (land lording)

Here are some of our questions;

1. First exactly how does someone get started in the real-estate business? Particularly wholesaling? Someone who has never ever done a deal in their life.

2. How do you go about putting a house/property under contract without a real-estate agent? Or should you use a real estate agent in the beginning?

3. Where do you get all the necessary forms to put a property under contract? How do you learn which forms to use? What particular clauses should be in the contract for your protection?

4. Are there particular types of forms needed for wholesaling? Rehabbing? Etc.? Where do you get them?

5. Can you do a wholesale deal without any or much of your own money? How?

6. Where are some excellent places to look for good deals?

7. How do you know if it is a good deal?

8. Who are the people you need immediately after starting your real estate business, and whom do you use most often? Exp. Attorneys, real estate agents, etc.

Again anything you guys are willing to tell us will be very much appreciated. Thank you for your time.

Daron,