Hello,I am working on getting started with wholesaling and do not mind working with another serious wholesaler of interest.I connected with an agent on Biggerpockets who claimed to be investor-friendly and knew the wholesale strategies but I think I scared them away when I requested a written agreement to get started.I do not understand why people in the wholesale industry like to talk about working together instead of working with a written agreement. 

Most friends in the industry were telling me to keep it bc of the interest rate… so I sold it.

What will that do to real estate industry?

I received wrong information from people in the Portugal RE industry before so I'm not super confident the person I talked to is correct I'm just trying to get more data points.In case it's useful for others these are some other bits of info I've learnedRefinancing is possible but it is more expensive than conventional (usually the spread is 1-2% higher) and it is necessary to explain to the bank what will be done with the money.It is not necessary to wait to own the property for a certain time to obtain mortgage credit.

If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can.

In terms of strong markets, I tend to look at major industries in an area (hospitals, universities, military, etc.) because I want a large tenant pool.

A lot of your other mid-sized cities have similar risk profiles (dominated by a single industry or a handful of companies). 

Hi my co-realtors, anyone here would like to have a conversation about your current challenges, experience,  and share knowledge about current Real Estate industry?

Hiding it somewhat was that it ebbed and flowed with the fortunes of the auto industry.  

Coming from oil and gas and healthcare, we’re new to this industry but driven by the same values that guide us in life: family, hard work, and dedication.