Starting in Wholesaling

[Alec Marchand]

Basically just got out of High School, I'm 18. Just started learned about Real Estate a couple of months ago. Have done some research and found that I want to Flip Houses to make money. Then heard from a wise Thach Nguyen to think about Mastering how to Wholesale first, so that I can gain experience with finding good deals as well as making money and capital and relationships; then start Flipping. So I want to start Wholesaling but don't really know the first step that I should take towards that. Should I just keep watching more and more videos about it? Or should I try and find someone in person and talk to them about it and/or maybe shadow them to get better training? How and where do I find the KEY INFORMATION on the first baby step?

[Omar Barazi]

I'd recommend learning the laws regarding wholesaling in your state and make sure you understand the legal side of things before you get tied into any contracts. Understand what goes into a real estate transaction and make sure you are doing your due diligence. You don't want to get into a legal battle or use a contract that doesn't protect your interests. Talk to a real estate attorney or experienced professionals in your area. Then you'll want to Identify and understand specific markets you want to target and then work on building a list of potential motivated sellers and work on various marketing tactics like direct Mail, cold calling, etc. It is important to have integrity in wholesaling since there's a pretty negative stigma about wholesalers. Focus on finding good deals that are fair and help everyone, the seller(relieving them of a burden), you(fair assignment fee), and the cash buyer(a solid deal with realistic ROI)