First Step to Wholesaling?

[Tracee Rivera]

I am a beginner in Real Estate and have been obtaining as much information as i can for the past 2 months. My area of interest is wholesaling. I know wholesaling is not actually real estate but its related enough. My question is, What is my first step? I have found several properties off market and I also have a few connections with buyers. But I am wondering how do I go about this. What is the proper way to make a connection and present the properties I have found to seek interest? Or should I first get a property under contract before making connection with the buyers? Yes i have read forums and articles on BP but I'm sure there is more to learn as always. Please share your helpful answers.

[Dave Passey]

Get the property under contract. That is the first step. If you don't have it under contract, then you are marketing something that you don't have the right to market. Make sure that you are getting it at a price that will make sense for you to be able to sell it to an investor. Knowing their criteria will be helpful, but in all honesty, if it is a good deal, then the buyer will be there. 

I know it can be scary to contract the property without the buyer in place, but you are just going to show yourself to be unreliable if you go to your investor and they put the time in to try to look it all over and then for some reason you can't contract the property. 

If it really is a deal, then you will be able to sell it.