This REI student needs help from upperclassmen

Bird Dogs, Wholesaling
1

Hi,

I’m new to the real estate investing business and I’ve been studying for a couple of months now. Since I am new to the business, I figured the best way for me to get my foot in the door would be to start off wholesaling.

I haven’t actually done a deal yet but would like to do a deal soon. I understand all of the concepts and I’ve also figured out how I will handle my marketing. The only thing I haven’t figured out fully is the paperwork side of things.

I live in Northern California and was wondering if there were any other investors here that wouldn’t mind supporting me in this early stage of my investment career. It would be helpful if I could get copies of the forms I should be using to wholesale in the SF Bay Area and a little advice on which ones to use when.

Any support, help, advice, and/or input will be greatly appreciated. Thanks in advance.

2

I would consult with your team. Before getting into REI you need to build a team. Find a REALTOR who is familiar with wholesale deals and the paperwork. Laws are different from State to State and can also vary from city to city.

3

Thanks for responding… That’s really great advice. Quick question though. What did program or book did you study to get a full understanding of the wholesaling business?

4

To be honest, I have never done a wholesale deal. But my answer comes from the advice of books I’ve read. Rich Dad poor dad has some good books, they also have an ok Forum. Here is a link to someone who did some really deep research and put it all in one post http://forum.richdad.com/forums/tm.asp?m=3753&p=1&tmode=3&smode=1