17 YEAR OLD WANTING TO KNOW THE ROPES OF WHOLESALING RE

[Saeed Aijaz]

Hello all, as you have read in the title I am a seventeen-year-old in the Houston area looking to get into real estate investing, More specifically wholesaling. I have done some research on this topic and have figured this to be an option that I am willing to proceed with as according to others, does not require much capital. Due to my lack of funding and inability to receive conventional or bank loans I believe this is a category worth learning. For the BP community, I do have a few questions and would love some feedback. All tips and insight are welcome,  thank you all.

1.  What have you found to be the best and most effective ways of finding leads

2. What general area would you begin to scope for future leads in the surrounding area

3. What forms of marketing are ideal to find buyers and sellers

4.Is there a particular type of house to look for in searching for a deal

5.What are some characteristics  to look for in a great deal

6.What should you be on the look out for when going door to door or driving for leads

7.What type of legal issues/mistakes would you try to avoid 

8.What title office would you use in the Houston area that is familiar and friendly with wholesaling

9. What do you find most effective in creating buyers and sellers list

10. What have you found effective when you were estimating repair costs

11. what type of contracts will suffice when closing a deal and what additional clauses must you add

12. How do you effectively evaluate repair costs'

13.What to look for when doing due diligence

14. What type of payment methods should be used in this process

15. lastly what mistakes would you avoid after completing this category of deals

ps: I appreciate all who answer even some of these questions. As you can tell I am a very beginner and I do understand these resources will not be handed to me on a plate. I am willing to learn this strategy game of real estate investing and prosper. Again I appreciate all of you who interact with this post. All insight and tips are welcome. Thank you!

-saeed 

[Shahriar Khan]

@Saeed Aijaz  all those questions that have asked are great questions... i bet if you spend 20-30 hrs a weeks in Biggerpockets then you will find answer to all those questions. So get started :) 

Also given you are young and just getting started ... i would suggest that you think differently a bit ..if you are in for short time to test water then get started with anything .... but if you in for long term then you need to get started properly which may require you to be a realtor and work under a broker a little bit to understand "Typical Business and retail buying/selling"  and then get started with wholesaling . That way you manage any sales lead both from retail and wholesale perspective ... 

Having said that welcome to the party and happy to connect with you if you have more questions.