I have my potential FIRST property to wholesale.

The seller says the house appraised for $83500 in 1996. They are asking $50000 for the property. The seller is saying the house needs minor repairs. Like paint...

Here's an article I wrote on the process the help you get an competitive edge:http://www.biggerpockets.com/blogs/4430/blog_posts/32194-attention-wholesalers-2-ways-to-stand-out-from-your-competition

Wholesalers don't list MLS.

I would get a licensed agent involved to help with finding the ARV.Also, are you looking to wholesale this property, fix & flip yourself, or buy & hold?

I am also a newbie on here working on becoming a wholesaler.

Who did you buy it from, wholesaler?

Try to find the owner of the vacant house and see if they might be interested in selling, maybe you could wholesale it.

Also, you can wholesale apartment buildings, or any other property you find.Keep building from there until you've got more money than God, and a better house than him too!

We use the money made from my stock market gains to invest in RE but haven't gotten into RE without living in it except for a duplex which we broke even on in the early '90s.I'm going to look at a property next week that's being offered by a wholesaler in our local REIA.

Here's an article you might find helpful - it's how to stand out as a wholesaler: http://www.biggerpockets.com/blogs/4430/blog_posts/32194-attention-wholesalers-2-ways-to-stand-out-from-your-competition