Wholesaling Q's

[Bryan P.]

I'm hoping somebody could clarify these questions that I have about wholesaling:

1.) How do you explain to the seller what you're trying to do? You are virtually asking the seller to give control over to you in order for you to find a quick buyer. That's risky, on the seller's part, so I'm wondering how you go about this "conversation."

2.) If you are dealing with a property that is NOT an investment property and more than likely cannot be bought with cash, how does this work? If a mortgage company or local bank is financing the transaction, what is the normal seasoning period? If the seasoning period is MONTHS, then how can you wholesale in this situation? It doesn't seem viable.

3.) Wholesaling "Get Rich Quick" videos and how-to tutorials make it seem easy. I would think that advertising, marketing, and paperwork would take MANY hours. I have no idea though. Somehow there has a be a catch to that.

-Bryan