What do I do after finding the deal I want to wholesale?

[Elvis Briseno]

Hey guys I’m an 18 year old hoping to start my journey Into real state investing starting off with wholesaling. My question is what are my next steps after I have found a deal I can wholesale? Including legal actions I have to take. I’m not sure how to start a contract or any of that at all.

Thank you

[Justin Sellers]

Hi Elvis, yeah trust is important but as long as you can detail what it is you provide you'll be golden. Once you find a motivated seller (1) get the property under contract. Within the contract will be an inspection period, which allows you to shop/sell your equitable interest (contract) to an end buyer.  

That's the most important part, because if you have no buyers lined-up to buy- you'll never be able to assign your contract. I say never, but if the deal doesn't have enough spread (profit potential) for your buyer then you'll be wasting the Sellers time. Network now and find potential buyers- your product is homes, so find out what your buyers need for their %. I did this over a year ago and was doing it for 75% plus cost of repairs.