Info On Wholesaling Properties

[Edward Powers]

I am 21 year old college drop out from Baton Rouge, LA and I've been researching the methods of profiting from real estate, specifically wholesaling. Can someone explain to me the detailed steps of completing the process. For example what happens if I can not find a cash buyer but I have a property under contract ? Will I have to come out of pocket ? Also can someone explain the "escrow" when doing wholesaling. 

[William Brown]

@Edward Powers

Don't listen to anyone on here, seriously man. I'm 19, dropped out of college, and am profiting greatly from wholesaling while acting both more ethical and legally than most agents even are.

I'll break it down for you. First step is to NOT get your license.  Second step is to DON'T LISTEN TO PEOPLE THAT DON'T DO WHAT YOU DO. I use my real estate attorney, who is actually familiar with the laws in my jurisdiction not someone halfway across the country that read some BP articles.

I'll give you the concrete answers you are looking for, because I feel your pain in trying to find them. I've said it once and I'll say it many more times, wholesalers are the punching bags on BP and everyone comes in to give their .02 whenever the topic is brought up without knowing a thing about the actual subject.

 I had no one else do that for me. I had to figure it out, man. 

Again, first rule of BP. DON'T LISTEN TO PEOPLE ON HERE UNLESS THEY ARE FAMILIAR AND HAVE EXPERTISE IN YOUR EXACT AREA OF INQUIRY IN YOUR JURISDICTION. If I wanted "pointers" or "advice" I'd call my grandfather up. Seriously. I knew people were making wholesaling work on a massive scale across the US, I had to push through the clutter and get to the real people who gave me the real answers. Looking forward to talking