Best Method to Start Wholesaling

[Quinten Jones]

Hello everyone!! My partner and I are starting a Real Estate Investment company and we were wondering if it was best to setup a Buyer's List first? We are under the impression that we should go to the County Recorder's Office and look for Buyers who paid cash for properties and market to these buyers consistently. Once we start getting responses, then our plan is to go out and look for deals that our clients are looking for and close on the deal with an Assignment Contract. We also plan on joining the REI Club in Sacramento so that we may network, network, network. Our goal is to wholesale properties so that we can raise capital to invest in income properties, fix them up, hold on to them and sell at the RIGHT time.

For us, it seems as though it would be more of a challenge if we were to find MOTIVATED sellers first and then pound pavement to sell these properties. My partner and I have developed an Excel Spreadsheet to run all the margins so that our buyers have a solid idea of what they are getting into, we feel that this will help us in building REAL relationships with our clients. If anyone has any advice for the best way to get started in Wholesaling, we would be entirely grateful.