very first step to wholesale

[Andrea Garza]

I watched youtube videos now what? how do i find a seller and buyer and how do i choose the right contract do i need to form an LLC and I do not have a real estate license

[Jeremy Pakalka]

@Andrea Garza Welcome to BP. The first step is to meet as many investors here in Houston as possible. Get to know what type of funds they have and the type of properties they are looking for. It will give you confidence in offering on houses.

Once you have the buyers, start driving the areas they are looking. You are looking to knock on doors of distressed houses and asking neighbors about vacant houses. Feel free to leave a note on the door. You could also send out letters to these address to see if you can get them to call you. There is no one proven way but success comes from doing everything possible. FSBO signs are also a great sign to see.

You don't have to have a LLC to wholesale but it could be helpful to you for tax reasons. I would talk with a CPA you trust and discuss your goals with him or her to make your decision.

As far as the contract goes, I would talk with a real estate attorney since you are not an agent. He or she will be able to show you the correct way to fill out a contract so you stay within the law. It is very simple once it is shown to you. 

Good luck out there! Send me everyone you pick up because I could be interested! As far as my criteria, I will look at anything in this city and the suburbs.