I'm currently considering taking action on recruiting as many private money partners as humanely possible for my RE deals and have thought up taking this route: executing Calling up a couple local financial advisors and private wealth advisors(since these are middle man connections to money) and pitching them my private lending opportunities in which I want advisors to present it to their clients and whichever client wants to do deals with me, I'll have them available for funding my deals and I'll pay a "referral fee" to the advisor for his/her help.

I'd like to think I am intelligent, and a part of being intelligent is realizing when you do NOT have the knowledge to properly execute something. 

At the end of the day Real Estate comes down to convenience, if you make the deal make sense (as far as equity) and make it easy for the potential seller to execute... he'll turnover!!!

This is where you see the biggest returns and I have all the resources and documentation already created to execute this, there is just a shortage of supply.

You can make adjustments as you move along while executing your plan.

I am a sales executive in NYC and I am looking to work with my brother who lives in Charlotte, NC to begin some buy and hold rental investing there.

Wholesaling is sort of the opposite of a real estate agent in some regards, though not necessarily in a negative way, and it does NOT require a real estate license -- it's just finding the right deals in neighborhoods with potential (NOT war zones) and filing and recording the correct forms and legal documents to execute the real estate transactions.

Seth B.We would normally follow the approach Marcia outlined above - take a holding fee (non refundable, but transferrable to their security deposit if a lease is executed).We frequently rent to international students (dealing with two in Germany and one in Australia at the moment).  

Typically, on a house you're gonna end up signing a contract that says you'll close within 30 days of execution -- I'm sure that number varies, but that's what I've dealt with.

I think she saw that the probability of you executing (closing) on any deal was low, hence her reaction.