Wholesaling Questions Fort Worth, TX

[Josephine S.]

BP Wholesalers, 

Question?

 What is a great Title company that I could use in Fort Worth, TX?

Where could I find a TREC Amendment to Contract?

Any suggestions on Real Estate Lawyers?

Any Advice on Wholesaling in the DFW Metroplex?

Thank you everyone for reading this post 

[Michael Hayworth]

@Josephine S., contrary to what you hear from the guru seminars and TV shows, wholesaling is really not the best entry point into real estate investing. Being a good wholesaler is probably the toughest job in real estate investing. You have to be good at:

• Marketing to find deals, which usually takes money.
• Knowing how to run comps accurately, which requires MLS access, skill and experience.
• Knowing how to estimate construction costs accurately - which is a skill that takes a lot of learning.
• Knowing how to negotiate with sellers. And until you're very well established, you'll rarely be the only one they talk to, so you'll usually be bidding competitively, and there's always someone who's willing to overpay.

The last thing DFW needs is another clueless wholesaler pitching deals that have overstated ARV and underestimated renovation costs. We've got plenty of those already. Try saving your money until you can actually invest in real estate, or partner with someone who already is. Wholesaling is a hell of a lot harder than the seminars make it sound.