I am assuming he will only get paid for what is owed on the property, and then if you wholesale it, even to make money, who is going to buy for that price?

but let me tell you - if you're going into real estate investing - say to wholesale - just stick to the basics. you're not going to wow anyone with a good name.and you absolutely cannot make up a name and slap it on a business card or any marketing material - at all.

drweltman- ahha sorry about the connection problem, thats never fun to write alot and then lose it im gennerally open to anyhing but for now i guess the process of rehabing seems to make the most sense to me... are there any god resources for learning how to wholesale. also does anyone have any ideas for finding an rei mentor ?

BTW, if there are any wholesalers in the metro boston area willing to mentor me.. please PM me!

I am prepared to puchase my first house and am wondering if it makes more sense to make it my primary residence (because of the perks that come along with this), or just do a short sale or wholesale deal for my first property.

You are in Bloomington,IN and you are only about 45 min away from Indianapolis which has an abundance of people looking to purchase and sell wholesale properties.

The wholesaler has already offered to cover my appraisal.I am also wondering where this property will end up.

You are looking at 4 or 5 cap rates in many of these markets on a retail side and 6 or 7 maybe 8 or 9 on a wholesale side.

Thank you Charles, I will take your advise to heart and do more research on the wholesale aspect of RE.

Hey all,As you may recall from my last post, I've been having a hard time getting any interest from prospective wholesale buyers via phone and email.