Found A Deal, What Do I Do Now

[Izayah Cortez Estick-Pulido]

Hey guys I’m located in Brampton ON and I am a 19 year old new investor working to building my portfolio. So I have watched many YouTube vids, listened to multiple podcasts, took a real estate course and they all say in order to achieve goals, you must network with like minded individuals. So to make a long story short I have reached out to many people and ended up connecting with a real estate salesperson who was willing to show me an off market deal in St. Catharines, near Brock Uni.

Im still new to investing and I currently don’t have any money yet and still working on raising capital from private lenders. I used a deal analysis to run numbers (from the course I took) and it seems to look good.

I reached out to some of the other people that I have spoke to recently to see if they might know anyone. But not sure what else I could do.

My questions are:

1. What other options might I have to at least get started with real estate

2. Would this be something I can wholesale (and how would I do that)

Also I am unsure if I am missing something when I was analyzing the property.

Thanks!

[Zorya Belanger]

@Izayah Cortez Estick-Pulido Hey, Izayah. Here in Edmonton, there is definitely wholesaling being done. However, to wholesale and sell a purchase contract to someone else, you need to find a private unlisted property for a great price. You can't really wholesale a property that is listed with a realtor. Is this RE salesperson a realtor? Sometimes realtor have off-market "pocket-listings", in which case it would not be common to try to wholesale that. 

Either way, first step is to confirm if it's actually a great deal.

Keep learning and connecting, and saving up some of your own money. Good luck!