Real Estate Wholesaling For Beginners

[Lynetta Neal]

Hello,

So im a newbie to BP and also a newbie in stepping into Real Estate. Im looking for information on how to get started in wholesaling in wholesaling and what all do you need to get started in the Charlotte, NC area?

[Ashley Childers]

Study, read, and study some more. You'll find pretty much all you need here on BP. I'm not too far from your area, hour and a half or so. Pick a farm area, say a 10 mile radius from where you live, and drive it. Familiarize yourself with the variances of the neighborhoods, learn them like the back of your hand. Join a few local REIA's (real estate investment assoc) and meet other investors. You want to make sure that you learn what kind of houses/deals that investors will want to buy from you. Talk to the other wholesalers there and learn. Network network network. Have some business cards made up that say you buy houses and that you will pay a (specific) referral fee on any deal that you close on. Your contracts and agreements are a huge part, most of what you need can again be found here on BP. Finally, don't quit. Its not easy but if it is what you really want to do, stick with it and persevere. There's more to it than this, but its a start. Good luck!