New to Wholesaling

[Richard Pennington]

I am in the raleigh north carolina area and was curious to know if there are any highly reputable attorneys and/or agents familiar with short sales. Been doing my due diligence to find some homes in the Raleigh area that are pre-foreclosured on as well as foreclosed. I have templates of contracts to set up but a direct contact to go over some things would be perfect. Any possible assistance plus advice on trying to make my first wholesale would make a big difference. Most of my knowledge is off of youtube for the most part. I will begin my cold calling after gathering enough leads to seek out to.

Thank you in advance 

[Richard Pennington]

Quote from @Jonathan Greene:

Cold calling foreclosures and preforeclosures is not for new people for one specific reason. Most of the things you will see on YouTube will tell you to make a cash offer to get them out of their predicament so most of the dialogues start with telling them you know they are in foreclosure. That is so dumb. You call someone to tell them that they financially can not take care of their own life?

If you want to do this, you need to prep your intro and be a guide for them. You should always start the call with something like this (not verbatim). 

"Hi, this is Richard. I buy houses in your area. I recently ran a few searches on the city site, which I know is always wrong, and got a list of potential foreclosure properties. I call these to see if I can help in some way. I know these are wrong a lot, but your address came up. Are you open to having a discussion about your home?"

Questions:

What money do you have to do marketing and to lock up deals?

Who are you going to sell these wholesale deals to if you do get one under?

What are you going to do if you promise them a cash deal and can't find a buyer?

Thank you for the much needed advice I found one property off of zillow and a direct agent has me meeting up to meet the owner to go over some things. Today will be last day to run the numbers on the deal to ensure everything is prepped to be vetted by an investor