ahhhh Dallas Fort Worth…that makes sense.
Wow, it seems not only are your husband and I alike, but you are very similar to my wife. I mean, If I quit my job, we not only lose $50K/yr. salary but also nice benefits.
I just have to do what I hate doing for another 26 years and I can get the retirement…NOT GONNA HAPPEN.
So I made my wife a little deal: We just got a settlement offer from our credit card company. If we can raise $1,800 by June 13th, 2005 we can pay off our balance which is more than double that.
I told her, if I could close a real esate deal by then, with a big enough check to at least pay that $1,800 and put a little in the bank, that I could quit the Post Office and go full time.
That’s all the motivation I need, believe me!
Maybe you and your husband could make a similar deal. If he can close 3 deals in the next 45 days, he gets to quit his job. Or something like that. See how fast he moves with that deadline.
As for your questions:
I have so many questions like where do you get the money to get started? The only cost of flipping a house wholesale I can think of is a title search. For this, if you don’t have it, borrow from a friend or someone. I wouldn’t lose a couple of grand because I couldn’t raise a couple hundred.
What type of lawyer do you need for this type of venture?
Real Estate attorney. Again, shouldn’t need one to wholesale.
Do you need friends in the banking industry?
Not for wholesaling, although a friend like that can NEVER hurt.
If so how do you get them…lol?
I don’t know, as soon as I get one ill let you know how I did it ;D