finding Wholesale deals?

[Chadrick Odie]

What are some key strategies in looking and finding Wholesale deals?

I am looking to do more deals in the wholesale arena and need advice on how to get my 1st one under the belt.

[Ryan Mullin]

Here is exactly what I would do to get started and be effective immediately.  

Go the foreclosure auctions.  Take notes on what entities are buying a lot of houses.  In Indy its the same 10 - 15 groups buying most of the deals at auction.  Approach the people bidding after the auction and see if they would be interested in other properties in the same areas.  Get there contact info.  - Now you have a buyers list. 

Go to visit what they just bought at auction.  Take note of what they paid for it, the condition, beds, bath, etc...   Find other properties in the area that look distressed, look up the tax mailing address and send them a letter stating you would like to buy their house.  You will have to get it cheaper than they pay at auction to make a spread...    Now you are a wholesaler!