Found out what Wholesaling was 3 days ago... Thinks it's to early to make a deal

[Sierra W.]

So something just caught my attention about 30 mins ago. My roommate just told me that her boyfriend has a realtor that just helped him buy a property. I think an investment property. She said the seller was actually trying to get rid of another property.

I'm no where near buying and holding stage so I kinda didn't really give any thought to her comment, but after being super addicted to blogs and articles and forums maybe I should be doing something with this new info. I literally discovered what wholesaling was 3 days ago but they say the best way to learn is to do.

What should I do? I feel like I should something..... Maybe start looking up contracts, finding buyers :eyes:

[Account Closed]

It is important to understand your market. You want to know what is a good deal and what is not. If I told you that I was selling a property for 25K you really have no context or premise to say this was a good deal or even a bad deal.

It is important to understand where the property is located, what other similar properties nearby have sold for in the recent past, what they are being marketed for now, and verify what type of sale it is. A home being sold by a distressed buyer has a different value than a home being sold by another buyer that perhaps has paid off there home and is hoping to move when the house is sold.

A wholesaler can often take advantage of opportunities in the market place. They do this buy helping someone that needs to sell quickly connect with a buyer looking for homes that fit their criteria.