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Updated over 10 years ago on . Most recent reply

Account Closed
  • CEDAR PARK , TEXAS
0
Votes |
6
Posts

Wholesaling houses. Where to start and the Process?

Account Closed
  • CEDAR PARK , TEXAS
Posted

So the process from my understanding is, you find houses that are about to be foreclosed, walk up to the door and say "I want to buy your house." You make a offer on what you want to buy it for and write it up in a contract, and then try to sell it to a house flipper or just anybody who wants to buy it as fast as posable. Is that pretty much the process generally speaking? Ive also heard of doing a double escrow can anyone explain how and what that is? thanks. 

User Stats

137
Posts
16
Votes
George Kelley
  • Architect
  • West Monroe, LA
16
Votes |
137
Posts
George Kelley
  • Architect
  • West Monroe, LA
Replied

Welcome aboard Brian. I also am fairly new to BP, so let me make a few suggestions. First - read the book: Welcome To The Bigger Pockets Ultimate Beginner's Guide To Real Estate Investing.  Check out the blogs on wholesaling, listen to the podcasts of your choosing, set up some keyword alerts, check the forums as time allows. Believe me there are a ton of people here who are overflowing with knowledge, and experience, and willing to help you with your investment journey. Best of luck, and keep your mind open to all comments.