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Wholesaling
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Updated about 8 years ago on . Most recent reply

User Stats

74
Posts
17
Votes
Alexander Alguire
  • Phoenix, AZ
17
Votes |
74
Posts

I have found some seemingly great deals, who do i talk to now?

Alexander Alguire
  • Phoenix, AZ
Posted

I am curious as to how the whole sale process works? I have found some properties that I am not entirely sure (being extremely new to the real estate game in general) are right for wholesale or not. They are extreme fixer uppers a process that i do not wish to deal with, but they are priced extremely cheap and one has an estimated worth of about 10x that(according to the Realestate agent selling it though, do i believe this or is there possibility that this is a lie). I would like to use proceeds from whole selling to help me start up with multi families, fourplexs to be exact. Now that I have some deals i am looking at, who do i reach out to and talk to and how do i ensure that I get paid for such findings?Is there a way to do this with out me actually purchasing the properties? Such a being a connector in a way?

Most Popular Reply

User Stats

105
Posts
49
Votes
Carter Crowley
  • Flipper/Rehabber
  • Oshkosh, WI
49
Votes |
105
Posts
Carter Crowley
  • Flipper/Rehabber
  • Oshkosh, WI
Replied

If I was you I would do a lot more research on the wholesaling process before you do anything. No matter what any agent/investor says on ARV you need to do the research for yourself. Also, in order for you to have a succesful wholesale transaction a lot of things need to go right. If something were to go wrong, you could potentially lose all your EM, or even be liable to purchase the home that you may not be able to afford. Wholesaling is not an easy process and I would not recommend to someone who does not have a lot of RE experience.

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