But they say to only buy houses that you can get for 70% of FMV, less rehab costs and assignment fees. the idea would be to flip it to a wholesale buyer.

They might as well buy it for 3 B they have invested money to bail them out.And yes Countrywide was very proactive, but unfortunetly they were too greedy.When I was in whole sale 2003-2005 they were using there retail division to contact and compete with there wholesale division.I know of several brokers that had deals in at countrywide that had there loans biked by a retail rep at countrywide.

There are usually investors and wholesalers there pitching their properties.Also, try checking Craigslist.org, as well as your local mls- if you don't have access to the mls, find an investor-friendly realtor and have them run a search for you.Call all of the investors/ wholesalers who have "We Buy Houses" ads/signs and see if they have properties available.Good luck,Steph

Normally this applies on a wholesale deal.

As a new wholesaler, I'm still confused how I estimate rehab costs when determining the maximum allowable offer and the profit potential.

, and I introduced myself a few months back, but I wanted to do it again, as I think I have more clarity in where I'm heading now with RE investing (at least over the next 6-9 months) and wanted to share that.I'm a newbie investor, focused on becoming a great wholesaler, with a longer-term desire to be a buy-and hold investor and develop more sophisticated skillsets (lease options, foreclosures, sub-2, etc.).

Even if I want to put it under contract and wholesale it... what should I do??

Hello, I am a young and new real estate wholesaling investor (so new that I havent done any deals yet), and what Im looking for is someone in the chicago area (I live in Elgin), who has done at least a couple of wholesale deals, and can meet with me personally and help me learn the ropes, and get a couple of deals under my belt before I go completley solo.I'm not sure if this is where you would post something like this, but it seemed to be the best that I could think of.I have been looking into real estate and researching it for about 5 or 6 months now, and I feel confident enough to where I would like to get in the game, but like I said...not solo right away.

How can I find the financing available to acquire all these great deals in my area in order to wholesale it.

He currently has the property listed with a realtor and I'm thinking what I can do is wholesale the deal since the realtor is working on a shortsale with the property already.