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Updated almost 6 years ago on . Most recent reply

User Stats

3
Posts
5
Votes
Tony Thomas
  • Rental Property Investor
  • Sacramento, CA
5
Votes |
3
Posts

New to the wholesaling game.. any advice?

Tony Thomas
  • Rental Property Investor
  • Sacramento, CA
Posted

I’m just getting started in the game. I watched lots of videos. Have received a few leads but yet to get my first deal. HELPPP

Most Popular Reply

User Stats

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

Hey @Tony Thomas 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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