Basically your buying wholesale trying to sell retail for a profit. but in reality your competing with the wholesale companys themselves selling them for the same price they selled it to you at.

I know you said you already have drive and the knowledge, so I hope that wasn't too basic for you.Good luck!

Basically what it said though is that the important thing is to run the numbers; if the numbers work at 70%, 75%, 80% or whatever, then go with it.

I would ask/find out, as very basic DD:1. acerage2. price3. current zoning4.

I do have basic real estate knowledge as I once held a license in Texas, but gave it up when there was no more time - that was 20 years ago.

I am a very honest person, almost to a fault sometimes.I basically do my negotiation, by reviewing the facts of the property with the seller, let them tell me some things about the property, their situation, why they are selling etc... but when it comes time to closing the deal, I have no idea what to say to justify my offer without spelling out how I arrived at the numbers (such as I put in offer of 70%-repairs-profit).

If someone does not have basic knowledge, then they will be completely lost.

Investing in rentals, land contacts, buying and selling properties has been profittable and enteraining and basically my entire way of making a living.

shep,wholesaling involves 3 parties...the seller, the assignor and the assignee (eventual buyer of property).assignor contracts to purchase from seller...and then assigns the contract to an actual buyer who's going to actually purchase the property. assignor makes money basically from finding the property, tying i tup through contract and then by selling it (the contract) to a buyer.make sense?

i was wondering if ther is anyone out there willing to help a 21 year old college student in new york get his feet wet in real estate investing i would love the chance to learn the basics from a seasoned investor. dont get it twisted im not looking for a handout im looking for a mentor :superman: who is going to shorten my learning curve and bring out the best. i love real estate and would love the chance to get started on the right path to successful real estate investing -Calan-