Updated almost 11 years ago on . Most recent reply
First Things to Do When Starting to Wholesale?
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!