Updated almost 10 years ago on . Most recent reply
Kansas City area
I work a full time job, about 50 hours a week here in the Kansas City (Olathe) area and I'm looking to connect with someone. I'd be happy to work for cheap (or even just knowledge and guidance to get started) on the side to learn and to get started in the RE business. I have a great passion for a career in RE. I'm interested in wholesaling and flipping to get started and then plan to hold some properties as I progress. If anyone has any input, guidance or interested in partnering up with a newbie I'd love to hear from you!
Most Popular Reply
well money always makes things easier. My first wholesale deal I had to come to the table with 1500 bucks. But I made 9000 off that deal. If you have the drive and the knowledge it can be done with little money or even no money down but that is a very small percentage of deals. I did not need proof of funds as I do a lot of deals on terms like a lease option or a contract for.deed. Another way is to ask the seller for an option to buy his property, let him know that you want a 30 day option and he can still market it with whoever he wishes,lets say he wants 55k for his property, if you can find a buyer before he does you can then add on say, 3k and get paid from the buyer. This strategy may build you some quick cash and if you do a few of these you can easily see how quick you can put together cash for leverage in your own deals. Finding buyers needs to be done with networking, using BP, phone calls on Craigslist, meeting landlords, going to REI monthly meetings in your area etc....the more you put into it and the more people you can talk to the better your chances are, and you will build credibility as you become more seasoned
Hope this helps