Real Estate and Whole Saleing Company's

Mobile, AL · Member since 2017 · 21 posts · 0 votes

How do I become a whole saler and what all I need to do to get started it who I need to talk to ???

23 views

2 Replies

Sort by

Marvin McTaw
Rental Property Investor · Atlanta, GA · Member since 2014 · 807 posts · 274 votes
8y
@Josh Banks if you're looking to work locally, I'd encourage you to talk to Brian Trippe. He runs the Alabama REIA ("AlaREIA") and is a pretty cool guy as well. He also runs a top-notch Podcast you should check out.
1 Reply
Cameron Small
Rental Property Investor · Madison, AL · Member since 2016 · 57 posts · 35 votes
8y
Hey @Josh Banks,
1. Know your numbers cash on cash return, Cap Rate
2. Learn your local market (network with local investors, maybe find a mentor).
3. Learn how to estimate rehab costs, I recommend J Scotts books
4. Get a wholesaling contract, find a local closing attorney that works with investors/is an investor.
5. Market to find deals, cold call, drive for dollars.
6. Answer your phone when people call.
7. Follow up with leads until they sell.
8. Sign a contract with your seller.
9. Send your contract to a title company, they will do a title search.
10. Market your deal to buyers, this is one of the places networking will help you.
11. Close the deal.
1 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.