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Updated over 13 years ago, 06/09/2011
Help me understand wholesaling, so I can start TODAY!!
Hello BP! I am a salon owner and we have been trying to buy a house and tired of dealing with the headache of being self-employed trying to get a loan. We make the money but have to spend a lot of it right back out. So needless to say, I AM GOING TO START WHOLESALING houses to investors. I am going to ride around today and get numbers off of FOR RENT signs and start working on a buyers list. My main question is can BP help me to understand the process, tell me what types of people I need on my team (Real Estate Agent, Title company, Attorney, etc...). We are going to lay off the home search for our primary residence for a while and be able to bring at least 50% of the purchase price to the table for our next home. I figure this will be a quick way to create a cash flow.