All Forum Posts by: Anthony Johnson

 That's what I was thinking. Thank you for your input!

Hello, My name is Anthony! I am looking for some realistic help and advice. Being 18 I have little to no money, and no credit. You see the problem in that? First off I am determined to be successful, I know a lot of people say that but, I TRULY MEAN IT. I don't want to work for anyone but myself, I understand I might have to in the beginning but, in the future I have no plans of that. I will become financially  free, I am determined. 

Anyways, I was looking at wholesaling to start. I did a ton of research, then of course came across the legality concerns with it. I personally believe that it is perfectly fine if you have the intent to purchase. I have no money or credit, so my intent would be simply to assign the contract or double close. Changing the wording of that to make me seem like i didn't lie to the seller would be lying. So, with that being said I'm lost. I have no money and no credit and i'm not going to tell distressed people that I plan on buying their house If there is a chance a buyer can back out and nobody buy their house. I know that I can get a contract to protect myself legally, but no contract will protect my image to the public or persuade my moral compass. If I had the money I could just close because I actually intended to buy the property and resell or flip it/rent it. Is there anyway to actually legally and ethically get started, without money or credit. I have a basic understanding of finding a partner but, I would not put a house under contract with no buyer guaranteed and if i was to market the house to that partner before being under contract would I not be acting as an unlicensed broker?(breaking the law)Should I get my license? Is there realistically any way for me to pull it off 100% legally and morally?

Thank you Aaron, I would love to see the guide!! I also have a question, If I was to wholesale I would want to be as upfront and ethical as possible and of course do everything legal. In the future I always plan to just put them under contract with the intent to purchase if I cant find a buyer. But as of now, I have no money to actually go through with it. As, for assigning contracts right now, how would you phrase it to the seller to be as clear and upfront as possible that the contract may not close? I was thinking, why not just see if the investor wants it before I close? So that it would be pretty much guaranteed to close. But, would that not be illegal and acting as a unlicensed broker/agent? I just want to be 100% legal with this, but also upfront with the sellers? Help

Hello! My name is Anthony Johnson. I am 18 years old, based in Asheville, NC. Been considering the wholesale method(until I have enough funds to acquire my own rental properties.) If anyone here is in the Asheville market they will understand the problem with trying to wholesale/flip houses, even for an experienced and well established person. I'm young and new to real estate but even I cant spot a market recession is long over-do for Asheville and will most likely happen within 2 years. With all that being said, I am considering Virtual wholesaling, I'm under the impression that it wouldn't be viable seeing how I couldn't drive for dollars and would have to pay to find all leads as well as finding boots on the ground. With all this being said, is there sine cheap way to generate leads from a remote location? Keep in mind i'm 18 when I say cheap i'm talking $300 is a scary investment. Should I just try my hardest in Asheville's current market? I want to do all this now is because I was hoping to take advantage of the potential recession in the next few years to acquire my own rental properties at a low price. This is all based on my research and what I think would be most viable to me as of now, I would even love to meet REI's and potential partners for the near future (wholesaling or not I plan on being financially free no matter my path and acquiring properties) I have graphic design and video editing experience, would love to trade work to any REI's in the Asheville area in exchange for knowledge and help.