I'm a newbie in the Los Angeles area looking to build capital by wholesaling and assigning property to more experienced Investors, if anyone can shed some light along the way I'd most definately be open to having a mentor whom I can refer property to and we can both make some good $$>.

Obviously, I'm not ready to commit a ton of capital, or I wouldn't lead with the word "guess".

I didn't read many of the posts in this thread but if I was just starting out and had $100,000 cash I'd go buy 2 4plexes putting $40,000 down on each one, have a prop. mgmt company run them, and then use the $20,000 as capital to start out buying single family houses.

That takes some serious business skill and capital my man!

Problem is, I don't think you've got much appreciation of this (you used the words 'play with in a market'...)With this kind of capital at a young age you've literally got the world ahead of you.

Agree with Josh, capitalization, puncuation and paragraph breaks make for an easy to read, and ANSWER post.But here goes.$25K purchase and $25K repairs (assuming you estimated correctly-but probably low) with a selling price or ARV of $75K is right in the power curve.

Although In the past several years I have invested and wholesaled in the Harrisburg and Reading area, I am expanding to the Philly market.The wholesaling is only a means for me to raise capital to do commercial deals.

With that kind of capital, starting a RE investing business is the easy part.

Evictions, vacancies, maintenance, management, capital expenses, etc, etc, etc are all part of the rental business.

But.....the best laid plans have often been stopped in their tracks (wee funny) due to special interests, the uneducated and highly capitalized and the truly green yet clueless environmentalists.