New to wholesaling please help

[Aubrey Painter]

about a month ago I bought a program to help me get started in my journey to wholesale and flip houses. I want to get started but i am getting overwhelmed. Where do I find deals and how do I build my buyers list? I don’t know any real estate agents to help. If anyone could help simplify how to get started I would appreciate it so much!!

[Michael Lee]

Hello Aubrey! That question will have many different solutions.  First of all, just do what you like.  Wholesaling is not necessarily a good place to start.  There are many salespeople that want you to choose wholesaling to help them out and make more money.  Fix and Flip does not require as much talent or knowledge.  Do what you want to do and do not be convinced by others to do what you want to do.  The more you learn confidence will increase and you will not feel overwhelmed.

The best way to approach Fix and Flip involve more of your time unless you hire a construction manager you trust and who will put up with your daily communication.  They must know your goals, understand them, and be diligent with completing on time and following your desires.

One of the most important things to do on a Fix and Flip is to have a complete scope of work needed and bid out by the professional sub-contractors with protective insurance to keep you out of related lawsuits.  Do not pay anyone ahead of time, especially with the final payment and insist that they do sign a full  final lien waiver.  You will get about 3 bids for each item involved.  That should help you get  the best bids for each repair item and assure they are the best choice.

You should feel like all subs are willing to respond well to your schedule.  Stress the importance of your schedule and they should respond well to your work requests and their ability to do that.  I don't know where you are I was not able to give you any answers with your geography.

Build your buyers list by making good choices when you get good deals.  It helps to be a member to local real estate investment clubs and events.  Call several Agents that are experienced at what you do and let them know what you are looking for.  Some will help you and some will not.  Put up your signs in the yards of your purchases that contain a short message and your phone number.  What might  work is getting permission from several property owners to allow you to put up a sign in key locations where they are likely to be seen by your target marketers.  Good luck to you!