STARTING WHOLESALING IN UTAH

[Sarah Givens]

Hello, 

My name is Sarah Givens, me and my husband are both realtors here in Salt Lake City, Utah. I've been looking into starting wholesales and would love any advice or pointers on where to start, how well the market is for wholesaling in this area, what to be aware of, the pros and cons, forms, ANYTHING. There is so much training and webinars about this stuff, but it all sounds too good to be true and super expensive. Plus they like to pressure people into signing up, but it actually does the exact opposite for me. Please help us become more knowledgeable on wholesales and share any experiences you've had (good, bad, whatever) with us, we'd love to hear from you! Eager to learn from the professionals and start our journey to success. Thanks! 

[Rebecca Belnap]

@Sarah Givens Fortunately, we have local people who are much more willing to share info for free.  Brian Pitcher and @Jeff Rappaport do a free wholesaling class once a month in Draper at the Thai Siam cafe.  I haven't seen the date for the next one, but Jeff will post it at least a week before they do it.  Last month they talked about what to say to sellers.  Very good info.  Both Brian and Jeff prefer to send mailers over prospecting. 

The biggest thing they stress each time is to not pay too much for the home. If you are going to wholesale, you need to be able to sell it to your flipper for no more than 80% of ARV - Repair costs - holding costs. You still need to make a profit, so the lower you can get it for the better.

Good luck and please add me to your buyer's list.