Beginning to Wholesale in AUSTIN/San Antonio TX

[Brandon Guzman]

I would like to start wholesaling homes here in the next few months. I currently live in a small town and there is not a lot of opportunities here but luckily I'm moving to Austin or San Antonio TX or between both here in a few months so I see this as a great opportunity to start wholesaling and accumulate profit to start flipping homes and turning them into rental properties. I just had a few questions before I started doing it and not knowing how to close a deal. Here are my questions:

1.  1. What were your biggest challenges when beginning to wholesale?
2.  2. How do you know when you find a great deal?
3.  3. What type of contracts will I be using?
4.  4. How do you build and find cash buyers?
5.  5. What happens if you sign a deal and can't find a buyer? How would you get out of that situation?
6. 6. Buyers usually want to know the estimate cost of repairs how do you find that out and the ARV?
7.  7. Any other tips or warnings that will help me out?

Thank you in advance to whom ever replies back to my questions and if you would like to share your story on how you started wholesaling as well and how its help you grow that would be great I'll definitely read them all as inspiration.   

[Lydia R.]

@Brandon Guzman Hi Brandon, I am currently wholesaling in both the DFW and Austin markets. I will tell you its very difficult in Austin. You have to go further out from the city to find deals. They are out there but they are few and far between. I have friends who flip in San Antonio and they say the market there is less competitive but still desirable.

It sounds like you are still in the learning phase, definitely keep learning! BP is a great place to find lots of free i formation that will help you! Feel free to reach out to me if you have questions or need advice.