New real estate investor

[Marlene Davis-Burke]

I'm a newbie real estate investing and attempting to start wholesaling. I read books, watch YouTube videos, and signed up for webinar. I believe I understand a little of this but guess a little nervous as well. I started finding leads, did a some direct mailing, got one call back, but the next step is my obstacle, how to make offer, finding cash buyers and so forth.  Any guidance and advice?

[Abel Curiel]

Hello @Marlene Davis-Burke and welcome to the BiggerPockets forum!

Sounds like you're making great progress early on. 

To make an offer, you'd need to find an offer binder/sales agreement that is used in your market. 

To determine the offer amount, you'll need to review comparable (comps) sales. These are properties that have sold near the subject property with a similar: build/construction type, lot size, building size, interior condition, property type, year built. In addition, you will have to calculate repair/renovation estimates so that you can factor it into your offer. 

Once you review comps, renovation budget, and determine an offer price, you'll have to send out the offer via email with proof of funds to show that you can close on the property.

Finding the cash buyer will be the easy part! Once you have an accepted offer and get the deal under contract, you can check out the BP marketplace or message folks directly to share the details of the deal. Local REIA meetups can put you in front of qualified cash buyers/investors as well.

Best of luck to you moving forward!

Abel