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Wholesaling
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Updated almost 7 years ago on . Most recent reply

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16
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2
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Alyssa Correthers
  • Indianapolis, IN
2
Votes |
16
Posts

Help Start My Career!!!

Alyssa Correthers
  • Indianapolis, IN
Posted
Hello everyone! I consider myself a “starting out” real estate investor. I have 3 rental properties, have done a couple profitable flips, and also manage my grandfathers rental properties... just a little background. I’m interested in getting into wholesale. I want to learn as much as i can. The thing is, i don’t know where to start, or what i should do. So I’m writing here because I want all the help i can get, all the tips, all the advice! I want to make my business a 6-figure company! Thank you in advance.

Most Popular Reply

User Stats

227
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318
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Jose Flores
  • Real Estate Investor
  • Buffalo, NY
318
Votes |
227
Posts
Jose Flores
  • Real Estate Investor
  • Buffalo, NY
Replied

Hey @Alyssa Correthers here are a few suggestions to get you thinking. First, learn the process which could be explained in these simple steps:

Step 1: Market to motivated sellers

Step 2: Sign purchase contract with the seller

Step 3: Find cash buyer

Step 4: Sign contract with cash buyer for a higher price and collect 2k deposit

Step5: Close Transaction via Assignment or Double Closing and Collect your check

Second, learn has much as possible about the 5 skills needed to be a Pro at wholesaling. They are marketing; estimating repairs; contracting; appraisals; and negotiating.

Last, spend 80% of your time marketing.

Hope this helps. Good luck.  

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