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Updated over 6 years ago on . Most recent reply
Help Start My Career!!!
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.
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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.