Step by Step Wholesale

[Cazemba Richards]

Hello my fellow mates,

I am very new to real estate investing and I'm still in the early learning phase. After a few weeks of research I have decided that I want to start my investing career with wholesaling in New York City.

While driving around the city two signs caught my eye. One was a "house for sale" sign and the other was a "we buy houses for cash" sign. My research has taught me that these signs can lead to potential leads. 

How should I communicate with each sign owner to make a wholesale deal happen? Should I call the "house for sale" number for the price of the house then reach out to the "we buy houses for cash" number and tell them the price of the house? Or should I contact the "house for sale" number to assign the contract then look for a buyer?

May someone please tell me a step by step procedure of what they would do.

[Ethan Painter]

There are a lot of different strategies being used today... Most people recommend you build a buyer's list first, so that when you find good deals on off market homes with motivated sellers, you can sell it quickly by using your list. I have learned everything I know about wholesaling from podcasts and from my mentor. I would recommend both! (But especially a mentor.) For starters, check out the Wholesaling Inc. podcast. He walks you step by step through what it takes to be a successful wholesaler. Best of luck!