All Forum Posts by: Roland Paicely

Try driving for dollars.

Maybe JV with current wholesalers in your investor group! Earn while you learn.

Attend your local REIA to network. Ask if an experienced wholesaler can mentor you while you work with her. Call owners with a house for sale on Craigslist to get experience talking to sellers.

When you say 'buy out', I'm assuming that you mean the mortgage balance?  If so, I'm not sure that you have a deal:  Mortgage balance $72K, $3K in arrears.  That equals $75K.  That spread is only $13K to account for many other things including your profit and the end buyer (investors) profit.  For a wholesale deal, it doesn't sound exciting.

Be mentally prepared.  Although, you hear and see a lot that says this business is so simple that after you send out 10 letters.  You'll easily make $20,000

Not true...……...be ready for the long haul.  It is work and it takes time, effort and persistence......good luck!

It certainly sounds like you have one that's different: half way built, no houses to comp and it's 10,000 square feet. I'd recommend not spending much time on this one. But if you want to see it to the end maybe ask a Realtor friend or an investor at your local REIA to give you an idea of value.

Good luck with it.  

Definitely driving for dollars.

Don't spend much time on this one Omar

Possibly, it depends on other factors. The condition of the house, the location, ARV and how much time do you have to make the deal happen.

Have you tried the Phoenix Real Estate Club or Arizona Real Estate Investors Association?