Beginning as a wholesaler

[Vincent Gnapi]

Hey everyone I still consider myself new to REI having joined this community about a month ago. To be short, with all of the info I've gathered from various posts, blogs, videos etc I'm convinced wholesaling is where I would want to start. I almost named this thread "Pieces to the puzzle" because although I've gathered great info here and there, I still feel there are pieces missing for me to really start. Here are the pieces & concepts I have so far; I understand the concept is finding distressed home owners (motivated sellers) willing to sell their properties at a "wholesale" cost, I come into an agreement contract, find an investor with the capital willing to buy and making a profit in between. However I have a few more questions I hope more experienced wholesalers can help me with.

What are some things you use as leverage for getting a home seller to lower their asking price?

Besides having an investor, a contractor and a real estate lawyer for contracts, what else would I need to in my arsenal? 

I'm putting the "pieces of the puzzle" in my mind for everything I would need as a wholesaler,  what else do I need that I haven't listed that you can share?

Thanks

[Paul Hitchings]

another piece - marketing campaign, consisting of letters, phone numbers, websites, calls to action, clear branding, etc. Work with either online service or title company to find lists you like, whether it be tax defaults, mortgage defaults, foreclosure, vacant, FOBO, SFR,multi,land, absentee,etc.

Don't forget to put the stamps on the letters crooked and hand-write all the addresses.