Hey everyone,Ive been interested in real estate for several months now, and im trying to make my first wholesale deal now.I saw this community and thought it'd be a great place to learn some valuble info.I'm currently a sophomore in highschool, and I live in Kansas City,Missouri.The market here is terrible, so its hard to break into the game right now, but im determined.I look forward to learning some good advice from you guys.

Since just about every seller is completely unfamiliar with real estate, and their agent isn't really offering them any advice save lowering the sale price and having lots of open houses with pies baking in the oven (not a terrible idea in and of itself- just not helpful by itself in this market) it's up to YOU to help.What kind of response to you think you could get if you ran a simple ad that read: Sell Your House As-Is for a Fair Price on the Date of Your Choice?

Not terribly exciting.

If we all slowed down (and I have a terribly heavy foot) so it's tough for me, we could reduce our consumption by 20% OR MORE.

If you compare the $2425/month income vs. the $425,000 you think its worth, then this is a terrible deal as a rental.

I have terrible credit.

In a 4 plex, it would be really nice to have the power to get rid of a terrible tenant, because they are your tenant, and not some druggy loser that an absentee landlord has put in there without checking them out.The last time I checked, the difference in rates that my bank was charging between an owner occupied loan and a non owner occupied loan was 1/4%.

(no equity)- Has a terrible loan on it...

If I paid $110,000 for the property, almost everyone would agree this is a terrible deal (and that's what we're talking about).

This is a TERRIBLE RENTAL.