How to offer properties to prospective buyers

[Brett Fredrickson]

I was thinking of how to start out wholesaleing. I have found quite a few properties that I think would make great investments, but I'm not in the position currently to buy them myself.

So, my question is, how do I put the information about these properties together to offer them to a buyer?

My thought would be to put together a packet of information on each property. Include the purchase price, repair/rehab costs, ARV, prospective monthly rental income, etc...

I guess that I need to know how to catch a buyers eye, yet make sure that I don't get ripped off. My concern is that I find a property and do a bunch of work to find out if it is doable and then find a buyer, and they undercut me or something.

Please enlighten the noob. :help:

[Account Closed]

Build a network of potential investor buyers. Call ads, speak with folks in the REIA for the area, etc.

Then present some deals. If you found these you can find more. If someone tries to go around you all you really want is to know it early so you do not deal with them in the future.

You can ask other investors for referrals or other checks to see if they can be trusted. Do it in a gentle way.

There is no good way to protect your position other than get the deal under contract. If you have it under contract then you will be fine until your contract expires.

John Corey