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Updated about 6 years ago on . Most recent reply

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Dawn Burwell
  • Rental Property Investor
  • Overbrook Hills, PA
26
Votes |
84
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So much time on my hands!

Dawn Burwell
  • Rental Property Investor
  • Overbrook Hills, PA
Posted

I have been checking all up and down the East Coast for what in my mind appears to be a good deal so that I could run the numbers and become more familiar with markets in different areas and learn how to do this. I want to keep doing this for about a year while I save and eventually be able to buy my first property in one year. It occurs to me that when I do find a great deal I have no one to share it with. Is this basically what a wholesaler does? Is there someway I could make a little bit of money to help towards my first property by doing this and sharing it with others? Or would that be considered discourteous in the Group and I should just be freely sharing when I find something ? I want to help but I would also like to help myself forward , just a little, as on disability , I can’t “ earn” much. ( btw.. future rental income is not “earnings” ) . anyone have advice? Not only on if I could somehow make some money from this, but how I would do it?

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Nick C.
  • Specialist
  • Tampa, FL
2,952
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2,281
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Nick C.
  • Specialist
  • Tampa, FL
Replied

That's not basically what a wholesaler does, that's exactly what a wholesaler does. Theoretically if you find something you can assign the contract for a fee. The East Coast is a big area, and different states have different laws regarding this stuff, so you should make sure you're not breaking any of them. 

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