A triumphant post outlining the details of my very first wholesale deal and what an unmitigated success it was.

We have been doing the YL for about 6 months now, and it has been very successful for us, the phones literally ring off the hook some days.

I think each can be used as a tool but for various reasons and with varying degrees of success.

I doubt we would have this kind DOM success if the houses were not totally completed and staged.Re Marketing the house, Most of the buyers have agents looking for them, thus most buyers will come from the mls.

Whether or not they will want to is a different story.Find out from the cousin (and this is where the laws of succession in NJ come in) had children.

Unlike the working world where age discrimination is absolutely a serious problem, anyone can be successful in REI.

The success or failure of this type of investment is largely determined by WHO you are doing business with.In summary, I like the strategy but you have to do homework on the deal AND the sponsor, talk to references, obtain and verify track record information, and be prepared to NOT invest if things just aren't adding up.Good luck!

Not to say that you can't be very successful basing investments around speculation/appreciation, but it's much harder to do, and most experienced investors prefer the other route.With that said, hopefully you will be able to provide us some new ideas and thoughts based on your plans and what you're learning about the international market.

If you do find a mentor just make sure they are actually doing deals and will be committed to your success.

You need to check and make sure there are no quirky laws in California protecting sellers from having to sell even with a written contract.You might stand to gain some helpful knowledge by showing a real estate litigation attorney all your paperwork for review for a few hundred and they can give you realistic options and chances of being successful with your purchase if one seller fights it etc.No legal adviceP.S.