All Forum Posts by: James Vermillion

Welcome to the community, good to see you come out of the shadows and start getting involved. From my experience, being active on BP is much more beneficial than just reading the content.

Good luck!

Start by reading the Ultimate Beginner's Guide. It is a great free resource that will give you an overview of the different investment strategies. Before you can come up with a plan you need to know what your options are.

You also need to know what your goals are. Once you know those two things you can start figuring out which options best suit your goals and personal situation.

Welcome to BP Tim. Wholesaling is not as easy as it is often portrayed, but you can be successful if you are able to stand out from the many other "wholesalers". Check out the wholesaling area of the forums and pay attention to guys like Jerry Puckett, who are walking the walk. Good luck to you!

How will you finance the flips? You are likely still going to need a similar down-payment.

Welcome to BP Carla. Nice job on setting an attainable goal. You have come to the right place to learn more about REI and network with some great people. This is also a good place to keep you accountable!

Check out the Ultimate Beginner's Guideif you havent yet, it is a great free resource and a nice overview of real estate investing.

Let us know how we can help and good luck!

Welcome to BP Gerald. You experience and background will serve you well as you move into REI. If you haven't yet, make sure you check out the Ultimate Beginner's Guide, it is a good starting point.

Good luck!

Welcome to BP James. There are quite a few members from around SoCal, one good way to find them is to setup Keyword Alerts

Good luck!

Zing!

Here is a thread dedicated to the topic:

http://www.biggerpockets.com/forums/99/topics/93120-deal-breaker--mortgage-rate-increase-threatens-boom

Brauner,

Using the MLS to find properties to wholesale usually does not work . The problem is most investors have access to the MLS (either indirect or direct), so they do not need a wholesaler to bring them MLS offers. Most wholesalers use other methods (direct mail, driving for dollars, etc) to find deals that are not on the MLS.

As for the question about going above asking price it really depends on what the asking price is and what investment criteria you are looking for. Asking price is no indication of value, so sometimes it might be necessary while other times the asking price is far too high.

Check out the wholesaling forums and you can learn a lot about how other wholesalers are getting their deals.