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Updated almost 10 years ago on . Most recent reply

Account Closed
  • Professional
  • Los Angeles, CA
6
Votes |
80
Posts

First Things to Do When Starting to Wholesale?

Account Closed
  • Professional
  • Los Angeles, CA
Posted

Hello, I've read many articles, pdfs, and listened to podcasts so I have a general idea of wholesaling and flipping properties. Now, I haven't done any actual work in terms of starting, but rather have gained a massive amount of knowledge. 

My question is, what would be the first steps you would take, besides the networking aspect, because I am already working on that. 

Below is a list of how I want to start, and any obstacles that are stopping me from doing so are in parenthesis:

1) Analyze the markets you want to hit in my city (Los Angeles) & come up with the criteria that you need to stick to. 

2) Network with cash buyers by going to different events

3) Make business cards & and two different websites for sellers and buyers, with a squeeze page from aweber (this sounds like it would be expensive) (do I need a buyers page and sellers page?)

4) Make a google voice number

5) Find a good attorney and make contracts (I don't know what to ask the attorney to add into the contracts to fully protect myself -- I am a licensed agent that doesn't practice) (Also, this sounds expensive, and I was wondering if there is another way I can come up with contracts, or if someone can assist me with creating one)

6) Find a good closing agent that is real estate friendly

7) Make buyer/seller script (elevator pitch) so you are prepared when talking to them over the phone, or in person when you visit the subject property

Thank you in advance!

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