The possibility of wholesaling in Minnesota.

[Christopher Kinnaman]

first off, I would like to take a moment to introduce myself to the commuter 8th. My name is Chris. I'm 37 years old and I live in Minnesota. I would like to get involved in the real estate game but honestly I don't come from a rich family and I really don't have much money to my own name but that should not stop me from what it is that I want to do. I want to get involved in real estate as I mentioned and build up a business that I can then pass along to my children and set them up. I have been doing different types of research and I see that the big thing for people to get involved in real estate without money down or money out of pocket so to speak is to do wholesaling.

I would like to reach out to people in Minnesota that have either done this or are currently doing this and find out if they have any insight on which direction I should take to get started. Having said that, one of the things I've seen is that some people believe that wholesaling could be kind of a gray area or some what type of illegal activity so I was wondering if anybody can weigh in on that as well. There has to be some type of legal way that you can present yourself as a wholesaler with clarity so that no party is kept in the dark and nobody is trying to second-guess what it is that you want to accomplish. can this be done with different types of documentation or maybe the closing company that you use or anything like that? I want to do it and I want to make it so that people trust what it is that I'm trying to do. If I was to take time and build up my own investment so I can invest my own money then maybe I could do that in 15 or 20 years down the road but I want to get going like yesterday.

I'm not one to just sit around and wait for something to happen. I want to make money and I want to make money now. I don't want to wait for 15 or 20 years down the road. That's exactly how long it would take me if not longer. I want to start with the wholesaling like I said use that to build up some capital and then take that capital and invest in property. Can anybody point me in the right direction?