IMO, you have to focus on off market, act very fast, buy with cash, and perhaps work in some 2nd tier markets to side-step some of the competitiveness.Should feel normal coming from California.Rick

You sail you know nothing about repairing a home so you're probably going to have to hire a contractor to do the majority of the work so getting some bids is the first step.

Getting it under contract is the next step.

Hello all, I am Ryan and I am new to REI, but have been a sponge to bigger pockets for about a month now. I have been soaking every podcast, key word alert, and forum up. I have a genuine passion for real estate an...

Sounds like you're already taking the right steps.

What other steps can I take in order to protect not only my assets, but those of my father as we'll?

But even then, a probate or BK courts would have stepped in.

Go into the learn section, the resource section as well as listen to the podcasts that are on file and you will have taken giant steps to get you going again.

If someone is willing to actually take the time to do it, can someone walk me through, step by step, the average wholesale deal?

I read Ron Legrand's How to be a quick turn real estate millionaire, got fired up that I was going to be a millionaire overnight, convinced my step dad to front me the money, and then proceeded to have NO CLUE what the hell I was doing.