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Updated about 8 years ago on . Most recent reply

User Stats

43
Posts
6
Votes
Jeremiah M.
  • Saint Louis, MO
6
Votes |
43
Posts

has anyone here wholesaled in St Louis or southern Illinois

Jeremiah M.
  • Saint Louis, MO
Posted

For months now I have been reading on how I will start and wholesaling seems to be the most logical steps. I will be ready to Start within a month or two as I've been reading books blogs and vlogs here. But none seems to get right down to grits of it nor regional specific. I've also taken at least 20 pictures of properties and a few we buy houses to sort of jump start things if the houses are still selling.I get how to market and get everything under contract, but what about the no money down or little money part; like what's the average you put down on a property or do you even need to. Foreclosure seems a little difficult yet that might be where my hottest houses come from but I'll worry about that later. The last thing I would like to know is about escrow and how does it work if all you have is the contact so what would be the point of you going into escrow. Many thanks in advanced

Most Popular Reply

Account Closed
  • Investor
  • Orlando, FL
780
Votes |
1,351
Posts
Account Closed
  • Investor
  • Orlando, FL
Replied

I was in St Louis for 15 years working pre-foreclosures and selling them in double closings to other investors or end buyers, depending on the condition of the house. I bought and sold many of these even with the Missouri foreclosure laws. 

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