Wholesaling houses

What happened with your deals? And you gave it only 6 months? What do you think went wrong? What do you think you could have done better? Did you know your buyers? Were the sellers motivated enough? Dont let murphy's law discourage you! There is a ton of information that will help you with whatever issues you may come accross! If I were you I'd stick to it! Hell I could probably wholesale a property from my desk here in rochester over there in California!

Nothing happend, except not getting accepted offers. 6 months was enough, and i mean I can always fine a good deal again and try it wont hurt. I just dont go at it like I use to anymore its a waste of time. I dont need much info, I learned a lot especially from the 40 thieves from back in the days. the only issue is that there is low inventory and everything sells quick now for top dollar. all REO's and short sale's cant go lower then 90 cents on the dollar

I see one guy posting like crazy in your area...his name is Raphael or Rafi, he seems to be a pretty active wholesaler. He would be a great person to have access to when you come across any deals...He's also someone that could possibly help you find leads and point you to the hot markets down in NYC. I wish I could direct you to a specific place, but unfortunately I'm 500 miles up north. I do have investors who are active down there...however the markets change so often I wouldnt be able to direct you to the exact place to really hit. My suggestion would be to stay right within the area you live in...learn that area regardless of how dry it is...focus on your contacts and networking and also focus on marketing...dont worry about finding the deals they will come eventually

ZERO LICNESES! All your doing as a Real Estate investor/wholesaler is selling your interest with that property! There is no law's against selling a piece of property the day of or day after you have the rights to the property. With wholesaling all your doing is bringing a buyer to the table that will pay for the property and your just getting paid for it!

Banks are very hawkish on giving out deals to investors...right now they are holding them for the big time wall street firms so they can do rentals. We have tons of California investors buying real estate here in Rochester.....But even though the inventory is low i'm sure investors there are finding ways to survive and stay afloat. The best thing about it now is that you dont have to stay within your own market...you can use your computer and touch other places and still make some money. I know a guy who was making deals from his home in Cali and was flipping properties in Buffalo. Its always about being hungry and adjusting to your competition and beating them....Right now the competition in my town is crazy! Bandit signs and CL ads all over the damn place! So now I'm adjusting looking to buy and flip since everyone wanted to buy and hold.

Yeah your right. Im an agent also. and the fam been investing for a while we like to buy and hold get the 25% plus return on the money and we happy.

A license is required only if you want to be an agent/realtor.

How do these work with foreclosures? Usually I would figure the banks arent trying to get rid of the properties for such a discounted price, and the people who fell behind on their mortgage to begin with cant sell it cause technically they dont own the property, the bank does.