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Updated almost 8 years ago,
Possible Wholesale deal
Hi guys... I am a complete newbie to real estate investing and these past few month been doing a lot of reading/watching videos on real estate on how to do wholesale, buying rehab and flipping...I am super pumped to start my journey in real estate. I have been folllowing my real estate market here in Minneapolis, MN and have been going to several listings online as well as foreclosed properties. I recently came across property here that is being sold buy the owner. I think this would be a great opportunity for a quick wholesale deal, however since I am a complete new to all this I have no idea on how to properly asses the house and determine a ARV value on it.. Nor do I have any contact/list of investors/buyers that I could present this deal to. And so I thought I could partner up with a experienced wholesaler in my area to do this deal, but I am afraid that they would steal this deal from me and work on it on their own rather than share it with me... How would one move forward with this ? And also where would be the best place for looking for a wholesale partner?
Thanks!