I am starting out as a wholesaler and need a mentor to hold my hand.

I realize it's important to create a dialogue, learn more about their situation, and see how I can add value.I had a call yesterday that left me a bit puzzled, though, and I'd like to get some advice on how some on you more seasoned wholesalers may have handled it.Lady called, had received our yellow letter, was calling to "let us know she received it".

I'm trying to get started in Real Estate Investing doing everything from Wholesale, Foreclosures, Commercial, Rehab, etc.

The seller is a wholesaler and is in the process of purchasing the property.

So I was thinking about getting in contact with the listing agents of the big investors who are marketing directly with home owners and see if they were willing to wholesale their deals.

I want to make sure I fully understand how this process works, because it seems to me there can be a big liability on the part of us as purchasers/wholesalers in these transactions, and even more liability for us realtors out there!

Perhaps Joshua Marks, Ibrahim S or someone else from Jersey can jump in on this one.As for tenants paying back, that depends on whether or not you get a judgement against them.

Basically I want to wholesale first, lease option on mobile homes and then move up to rehabbing and building capital and then slowly buying rental properties.

Should I pass on trying to buy and hold this property and wholesale it or skip the wholesaling and start building my portfolio?

I also don't think the sellers would be willing to sell low enough to complete a regular wholesale.