dcgibson's blog

I figure that by the time I fail 20 times, I should know how to do this stuff pretty well, if not sooner.
Congratulate me, I already had my first "failure." On the surface it looks like I locked up a duplex at 15% below market value and 8.53% cap rate and then couldn't find a buyer to assign it to, but in reality...
1. I created a relationship with my first title company
2. I found 19 buyers for perhaps a future deal
3. I found a real estate agent that is excited to meet me because he needs a wholesaler and he's willing to print all the reports I need - WOW, that's a biggie...
4. I created a website to gather buyer/seller info and post my deals.
5. Met 3 other wholesalers who want to help me find buyers.
6. I learned I don't want to lock up occupied rentals again.