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Updated over 8 years ago on . Most recent reply

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2
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Alma Alejos
  • Muscatine, IA
1
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2
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Begginer in Real estate investing: WHOLESALE TIPS NEEDED

Alma Alejos
  • Muscatine, IA
Posted

I am so overwhelmed with the amount of information I have came across. my goal is to do a few whole sale deals by the end of the year. I am brand new to real estate. I went to a Real estate workshop recently in des moines which really motivated me to want to begin, but where do I even start? I am so lost on the beginning

Can someone give me a list of steps to go about or maybe people to get in touch with that may help?

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111
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David Cowan
  • Investor
  • Twinsburg, OH
41
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111
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David Cowan
  • Investor
  • Twinsburg, OH
Replied

Welcome, Alma Alejos !

1) Join listsource.com you'll get your lists from there.

2) Pick your area. Find an area where investors are buying and market to that area.

3) once you've chosen an area, use listsource.com to get list of high equity properties (30% equity and greater) in your area.

4) use a mailing service like yellowletters.com or click-to-mail to send out your postcards or letters to potential sellers.

5) it takes a few months typically, to get the first deal because a lot of people will respond to your follow up rather than the first contact.

Obviously, this is just the quick and dirty to get you started. You will learn a lot in the process of doing everything.

Reach out to some cash buyers here on bigger pockets. And find out their criteria for buying.

Also get recommendations for good title companies in your area. Because you can't close the deal until the title is clear. Good luck!

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