Looking to do my first wholesale deal in DALLAS this month!

[Jon Villa]

Hi everyone,

I have been looking to do my first wholesale deal this month. I need help tough? I have learned the process but really don't know how to start. Personally, I'm thinking of buying a list for absentee owners and sending out a direct mail. Anyone know a good site to obtain a list? I haven't heard really good reviews about list source. Also how do I evaluate the property and how do I calculate the cost to fix it up? Do I need to make a deposit? How does it work with the Title company? Anyone in Texas have wholesaling contracts that are legal? BiggerPockets members I need your advice I'm looking to start grinding and get this first deal done but want to make sure I know the process well. Thanks!

[Account Closed]

@Jon Villa

Jon, based on your questions, I am not sure you have learned the process as you state in your post.  You know what the process is...you are aware of it.  Learning the process is 1) knowing already the answers to the questions you ask, and 2) having some successful deals under your belt.

My suggestion is partner with an experienced wholesaler in your market to work this deal with you.  Right now, your odds of it working out are very low because you don't even know what you don't know.  Better to share a piece of something rather than get 100% of nothing.