Buyers aren't going to let you cash flow like a monster being a slum lord and then sell off the POS like it's a flawless diamond.

I bring this up because the diamond in the rough is to find what's considered a Class C property in a Class A or B neighborhood- The CRE definition of Class C is- "Buildings are at least 20 years old and in a state of relative disrepair.

I follow Claude Diamond and Joe McCall and seek to emulate their methods, i.e., the GUTS sales method.If interested, email me at [REMOVED].

At least the Nigerian dude trying to sell me ownership in a diamond mine is making a personal time invest in me. 

If not, then I'd say that wholesaling is not an advisable way to get started in RE investing.I always use this analogy: would you tell a beginner skier who has zero experience to ski a double black diamond (the most advanced terrain) for their first run?

If you have dirt floors, it will likely be cheaper than if you put in marble tile inlaid with diamonds that you had to import from Italy. 

If you are lucky enough to find a diamond in the rough, buy it. 

Well not only did he pay 80k and it was only worth maybe 70k in diamond condition, it needed 25k in work, total garbage.

The fortune is in the follow-up, as it is with any lead source.To illustrate the importance of Follow-Up because this is huge in this business:2% of sales are made in the first contact3% in the second5% in the third10% in the fourth80% in the fifth to twelfth.Joshua Smith's GSD Mode program is one of the best I've seen for Open Houses and this business overall.He also covers is expired letter mailing campaign which is good for getting listings but that can take some time to get traction with that lead source.Another great source to build up your database and fill your pipeline with future deals is Ricky Caruth's Zero-To-Diamond program (this one is free). 

Sheets - Charles Givens - Claude Diamond - David Finkel - Ed Beckley - Ernie Kessler - I.G.