Starting Out Wholesaling

[Josh VanAusdale]

Hello,

I’m just starting out in the wholesaling space in the Columbus, Ohio area. I’m currently reading, learning, and researching. I had a couple questions that came up and I was hoping for some insight if anyone had some time.

My questions are as follows:

Once I get my mailers together, before I send out should I buy a separate PO Box to have the responses sent there?

Should I get a second phone line for responses?

What are the next steps if I get someone calling me to sell?

What forms do I need to have them sign and where do I get them?

How do I know that I’m guaranteed a flipper will buy?

I currently have a mentor I’m working with but they won’t be able to buy everything. They will be able to put me in touch with other buyers, however.

Do I give the cash buyer a heads up on the deal before paperwork is signed so I know that I’m covered?

Also historically, what has been the best experience for any of you in regards to finding leads/deals? For starters, I was planning on utilizing sites like ListSource.com and using direct mail per what had been mentioned on the ultimate beginner’s guide on this site. I wanted to see if that would be good first steps and then go from there.

Any additional tips/tricks for a newbie would be certainly appreciated. My goal is to get a check list together of things that I need to complete to get closer to my short term goal of starting to market. This way I can execute step by step and get some progress going as I continue to work my full time job for the time being.

Thanks for any information!

Josh