I'm heading in the same direction.

FYI - I recently posted this in another thread - might help you get your head around what it takes to start a wholesaling business ~What you need to get started is:1) A process2) A teamKnow exactly how your process will work:a) Meeting cash buyers & understanding their needsb) Finding motivated sellersc) Evaluating propertiesd) Calculating offerse) Testing the water with your buyer(s) if necessaryf) Negotiationg) Closing via a contract/agreementh) Assignment to a cash buyer via another contract/agreementi) Receiving payment at closingFor your team, you'll need to know:a) Cash buyers, of courseb) Real estate agent(s) or broker(s) - provide comps, MLS opportunities, etc.Perhaps also,c) Title company (good to have but more important for cash buyers; but you may want one to hold earnest money in escrow)d) Attorney (required in some states)Best of luck!

Hey @Mark Ferguson , I was born in Rock Springs but did not grow up there, after high school in Akron Colorado I did go to WW junior college and got an associates there before heading to Laramie.

@Michael DeAngelo,You have a good head on your shoulders.As for fear, that is healthy, everyone shares that on their first deal.

I don't know what your laws are up there (disclosure: I am not an attorney or title expert) but, I do sit on a Board as the treasurer and can tell you first hand, you do not want someone like me seeing this kind of deliberate action in my state, and here is why; Illinois, allows associations to file judgements and put liens on your condo if you are delinquent on association dues.

Bill Gulley I understand the definitions of loans, maybe I need to learn to be a little more clear in my headings lol.

Bill Gulley hit the nail on the head.

@Engelo Rumora We shoot what the bird dogs point out and retrieve, and then give a nice pat on the head and a treat.. a great bird dog is worth their weight

If it sounds like they aren't in the same ball park as me then I won't put a lot of time and effort into the deal.I'm actually heading over to see a triplex today because the seller 'sounds' motivated but mainly his asking price is acceptable for the area.

I have no money saved up, bad credit from school loans which was a waste of time after getting two Associate degrees and also credit cards.