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Wholesaling
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Updated about 7 years ago on . Most recent reply

User Stats

28
Posts
5
Votes
Jackie F.
  • Real Estate Professional
  • Mesquite, TX
5
Votes |
28
Posts

Steps to get started in this business!

Jackie F.
  • Real Estate Professional
  • Mesquite, TX
Posted

What are the steps to get started in wholesaling.. 

Of course step 1 for me because of my GREEN personality is to learn everything I can as quick as I can.. but what would you all suggest to do to get started as far as the actual action steps.. not just research.. 

My thought process is to speak with an attorney, file for business entity (Do not see myself going sold propietorship.. more than likely actually a partnership) Draw up all the contracts, of course I need a purchase agreement, assignment agreement, and possibly memorandum of contract..Open a business bank account, maybe speak with an accountant, Of course a website, build a buyers list, create relationships with an investor friendly title company, Create a marketing strategy.. 

What would you all suggest to do to get started, in order what steps do I take..  and how long should I take to get started, Jump right in or slow and steady? 

I do not have a mentor nor am in any local groups yet... 

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