Possible wholesale deal!

[Michal Kasza]

Basically, I'm new to real estate investing. I would like to get a better opinion on the wholesale process moving forward. I have the property under contract with the sellers already. What would be the best thing to do moving forward.? Should I have a contractor give me a quote as to what it would cost to fix the home completely considering it's in liveable condition as is. Should I start contacting wholesalers and finding a possible buyer asap? Again, I'm new to the wholesale business and so I'm looking for great impute and knowledge. Thank you in advance, everyone. 

[Bonnie Low]

Hi @Michal Kasza - good for you for getting your first deal under contract. That's impressive! It takes drive and determination to get that far so you should be really stoked. A lot of people never do take the first step. I recommend you find a local Real Estate Investors Association (REIA) in your area and go to a meeting. Let people know you have a deal under contract. There are always investors at the REIA meetings looking for deals. It's not necessary for you as a wholesaler to get an estimate from a contractor because any experienced investor is going to run the numbers themselves. You're not responsible for telling someone what their rehab expenses would be if they take over the contract. We buy from wholesalers and we try to educate them on what we're looking for, but we would never, ever trust anyone else's numbers. That said, if you know a contractor who would be willing to walk through it with you and give you an estimate it could be a really good learning opportunity for you to help see it through a buyer's eyes. I hope this is helpful and best of luck to you!