Yo I read everything you guys had to say and I’m learning a lot seems like 2 sides to this topic to me. I’ve done some research and I threw this topic out there to see what would come back. My definition of wholesale from what I’ve gathered and correct me if I’m wrong.
wholesaling is assigning a contract from seller to buyer for x amount of dollars.
I want to meet with owners of properties not sell them a dream of getting a lot of money for their home nor would I insult them by a ridiculously low offer. I need to do my due diligence strike up a conversation maybe meet at the property (this is where I feel a real estate license may help me) by assessing the property and really understanding the costs of possible rehab if any. Really talk to the home owner and see what the true problem is and if another option is better then I want to let them know. If they agree to my number great or vice versa then I sell that contract to the buyer. So technically I’m not purchasing a property.
Remember I’m just a guy wanting to know about real estate. Money is most definitely needed nothing is free and time will be spent for sure I know that. I’m in this for the long haul and I want to grow in other aspects of real estate. But right is right and wrong is wrong and I need to know both so I can not make the mistakes that end my car before it even start feel me?
Appreciate the comments as always
