How to buy homes at wholesale prices - Posted by Jay

Posted by Stu Silver, Trainer on May 16, 2001 at 08:11:58:

Hi Jay,

I’ll give you six ways:

  1. Foreclosures - Pre, at the sale, REO
  2. Your own Gold Mine Ad
  3. Classified Ads
  4. Auctions
  5. Drive by and look for abandonment
  6. Board ups

and one bonus
7) Code Enforcement cases

Absolutely critical is making lots of offers - if you ain’t makin’ offers, you ain’t makin’ money.

Last, but not least, if you go to lower income areas, and look for properties with cosmetic distress, there is little competition for them, so you can buy them at favorable terms (no money down, owner finance). Then, you can force the value up thru improvements, and either flip them, or rent them for positive cash flow.

Dare I suggest you might get some training to do this?

Stu Silver, CCIM
Lead Trainer at Russ Whitney’s Millionaire U

How to buy homes at wholesale prices - Posted by Jay

Posted by Jay on May 15, 2001 at 12:55:40:

can someone tell me how to go about of doing this?

Re: How to buy homes at wholesale prices - Posted by Ronald * Starr

Posted by Ronald * Starr on May 16, 2001 at 21:04:37:


I suggest you get Jack Reed’s book “How to Buy Real Estate for at Least 20% Below Market Value.” His website is

If you are a beginner, he also has a special report to help you.

By the way, Stu Silver has listed some ways. But I would not recommend that you start with some of them. They are tricky, risky, and usually require a lot of cash–foreclosures, especially. Wait until you have two or three, or four, years under your belt as an investor before you go for those approaches.

Good InvestingRon Starr**