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Updated about 8 years ago on . Most recent reply
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DETAILED Step by step for wholesaling a property
Would anyone like to write down a DETAILED, I'm talking a total news step by step procedure to doing a wholesale, i.e. hiring a realtor? An attorney? When and how? When do you tell the seller you're not actually buying just helping them find a buyer? Basically any and all details would be hugely helpful! Thanks!
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Hey @Jeremy Long Here are a few suggestions to get you thinking. First, 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 skills 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.