Not only can you get started in wholesaling with just a minimal cash outlay, wholesaling also offers a valuable introduction to real estate investing fundamentals such as running comparables, determining if a deal is good or not, establishing ARVs, and estimating renovation costs.  

What are some good follow up questions to help establish the value of the property?

I know the answers here are probably going to vary, but the goal would be to establish fair pricing for value delivered and to pay based on the project rather than on the hour.  

This deal sounds too good to be true.You might be thinking "$500 isn't that much money, maybe worth the gamble".  

I'm aiming to be an active member and meet new people to do business with, share experiences with and maybe even establish friendships with. 3.

BP has become my primary resource for news, info and advice as I take these steps towards establishing a solid foundation for my new venture.About Me: Born and raised in INDY.

My recommendation: first and foremost establish your INVESTOR criteria:  how many units, what terms, is your criteria to make money when you buy?  

As the owner you will want to establish open lines of communication from the very start.

You have to establish an specific area that you want to "farm" and start generating leads...nobody's gonna hand them to you.Do you have a marketing plan, investing criteria, funding in place...etc?

I own an older SFR in Kenova, WV and am moving to the SF area where I am currently planning to go to school on the GI bill while establishing a rent and hold business.