Wholesaling

[Bruce Olson]

I am a new investor looking to receive some sound advice on the "wholesale" process, I have heard there are 2 basic methods. One is to simply "assign" the contract during escrow and the other is to do a double closing ?? Obviously I have done neither but want to feel comfortable with my approach especially as a new kid in town, well, not really a kid, I am a retired police officer getting into the REI business. Thanks

[Bill R.]

@Bruce Olson My advice as far as a buyers list goes is not to call up investors with a long list of questions about what we like to buy. It is very annoying to get phone calls asking what I would buy or wouldn't, what area's I like and don't, what is the most I would spend on a house, do I like commercial, residential, multi or land, would I buy out of state and so on you get the point. I found that most of the people that call me never call back with a deal and it is just a time waster. I on the other hand and happy to listen to someone call me with a deal - even if it is not a deal to me, at least it is something concrete and I will then let the person know what area's and types of investments I am interested in. Heed this advice and you will make better first impressions.