Look for distressed properties like REOs, short sales for on the market properties or get to know a wholesaler to get access to off market deals at good discounts off retail prices.

It probably is in other locals as well...Edit: I am no expert, but this very scenario has been discussed at our local REIA meetings as something "not to try" as a wholesaler.

You can always wholesale it if you get in trouble or put a renter in there and flip it as a turnkey investment.

From you seasoned investors out there, I'd like to know your opinions.If this is real, it seems to be an investor in need of wholesalers, but I'd like to know what you think:http://fayetteville.craigslist.org/rej/4202633571.htmlThanks,Dylan

Wholesale it for $55K.

If the ARV is $170K, it will be a slim chance, he will take $20K when he can wholesale it for a lot more.Joe Gore

My brother and I are on the wholesale side and heavily invested in direct marketing in parts of Essex and Union County.

Wholesaling seems like a way I can get into real estate but \reduce my start up costs, I am hoping that I can get connected with other real estate investors and wholesalers in the Metro Detroit Area, I don't see a lot of marketing from wholesalers here so if not sure if that's a good or a bad sign lol.

And you get the benefit of having over 40 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Here you will find wholesalers who provide deals and rehabbers.Two Great reads, I bought both J.

I've established some relationships with real estate agents as well as wholesaler's in the Valley, but I'm interested in hearing both sides of the argument (i.e. folks who have used a real estate agent and those who have not).As a bit of background - This will be my first property that I purchase and expect to finance it using an FHA loan (3.5% down, leaving a cushion in my bank account for any unforeseen expenses).