Looking to start wholesaling in Genesee County Michigan

[Luke Diem]

I have recently started real estate investing. I have purchased one buy and hold duplex so far and I would like to switch from my full time job into full time wholesaling. I am looking for advice or anyone who could share their knowledge with me on wholesaling. I have done some research and have educated myself on how to start wholesaling but I feel as if learning from someone with first hand experience would be valuable.  

[Jose Flores]

Hey @Luke Diem Here are a few suggestions to get you think. First, learn the process which could be explained in these simple steps:

Step 1: Market to motivated sellers

Step 2: Sign purchase contract with the seller

Step 3: Find cash buyer

Step 4: Sign contract with cash buyer for a higher price and collect 2k deposit

Step5: Close Transaction via Assignment or Double Closing and Collect your check

Second, learn has much as possible about the 5 skill needed to be a pro at wholesaling. They are marketing; estimating repairs; contracting; appraisals; and negotiating.

Last, spend 80% of your time marketing.

Hope this helps. Good luck.