Wanting to be a good wholesaler

[Elisha Mcginley]

So, right now, I'm new to the game and I'm in the planning phase. I think it's a good idea to begin in wholesaling so I can get some good hands-on experience of the market and build a network. I've been doing a bit of research, and I have plenty more to do, but I have some inquiries I'm hoping someone can help me with. From my understanding, the basic process is: I. Meet a few serious buyers and ask them some questions to find out what they are specifically looking for, so I know what I'm looking for and who to call once I find it. II. Begin marketing to find the deals I am looking for in accordance with my buyers' criteria. • question: 1. When I get calls from sellers, how do I know which deals are worth looking into further and which are not worth my time? What specific information do I need to gather from the seller? 2. Should I get comps at this stage for ARV? 3. Should I contact a general contractor at this stage and have them accompany me to meet with the seller? III. Meet with the potential seller at the property in question and discuss their situation. •questions: 1. Should I crunch the numbers during our meeting and make an offer, or should I go home, crunch the numbers, gather data, then call them back with the offer? IV. Make the offer and negotiate with the seller. V. Sign the contract with seller. VI. Meet with buyer(s) with a complete report of the offer and negotiate. VII. Sign the contract with buyer. Any additional suggestions would be appreciated. Thanks!