Wholesale - what do I need to know?

[Luke Pascal]

Hello!

I'm a grad student with little money and experience, but tons of drive! I'd like to start driving for dollars in my neighborhood to see if I can start finding some deals. That said, I wouldn't know what to do even if I found a motivated seller/buyer. Especially because I have little money to my name, I'm afraid I'd be contractually tied to a property that I cannot afford, should I not be able to find a buyer. 

Could someone please walk me through the process? How do I get a house under contract, even if I have very little money? Additionally, how do I sell it to someone else and make sure I get the money for it?

Thank you to anyone reading my post. I'm so grateful for this wonderful community and I hope to grow alongside all of you!

Luke

[Billy Zhao]

After listening to like 200 podcasts and watch a bunch of videos you probably still feel like not sure what to do because every featured guest who've successfully done wholesale use somewhat different method in different markets. Nonetheless, there are a couple of good podcasts that can give you a hint. You will need to find out who's operating in your area and offer your free service for learning opportunity. The concept is pretty simple, find houses that are rundown and owners are motivated to sell at a heavy discounted price, and somehow convince the owner to sell it to you while connect the property to a flipper who is willing to pay you a fee to get it. Essentially, you are acting as a middle man. As far as I can tell, it takes quite a bit of leg work and very thick skin to make it from the start. What you can offer at the starting point is your analytical skill and perhaps technical knowledge on how to organize an email or web promo campaign.