Posted by Ronnie on June 17, 2007 at 17:20:21:
Let me start by saying i am a newbie myself but can still give you some advice. No, wholesale flips do not have to be just foreclosures. It can be any type of problem property. You need to find out what the potential for profit is. It could be probate, foreclosure, or just someone in dire need of getting rid of a property. One thing you’ll here over and over on here is to get your buyer list FIRST. No sense in finding a deal only to go crazy tryin to find someone to assign it to. Collect info from other investors that are into rehabs and you’ll have less trouble getting rid of it which means $$ in your pocket faster.
As far as courses. I wouldn’t say you cant be successful without them but im sure they help. I agree they are very pricey especially for anyone tight on cash. I personally have enjoyed articles by Joe Kaiser and a few others whos names i cant recall. Hope this helps some.