Get a good cap rate basically covers your financing and ideally 20% more for maintanance, prop management fees.

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

So, we buy basically move-in ready and let the market do the appreciation instead of me 6 months full rehab.

Some basic questions to start with: 1.

Then if you want to send an emil through there system its another .08c now we are at .32 to send 1 email and have the basic contact info. if you want to send emails to 1000 leads on top of the free 250 thats an additional $320 + $110 for the solo account.

Your goal is to build a passive real estate portfolio (we can discuss what passive means to you), so while I don't condone throwing $100k into a deal without even a basic understanding, alternatively doing so will teach you far more lessons than reading a book will.  

Steve Morris, that was a long post just to basically say wholesalers are shady because they aren’t realtors or brokers.Obviously wholesalers work a LOT differently than a broker or realtors.

I'm in Oregon which basically whips people for being landlords but 99% of your problems are solved by getting good tenants so screen, screen, screen. 

I'm hoping he'll have some options for me.I know a Home Equity Loan is basically a second mortgage in normal situations, but they seem to come with less red tape from what I've found.

She basically told me the same thing you said about the risk of REI investing being way too high for newbies to justify the reward and time spent.