What are the essentials for wholesaling?

[Adrian Tillman]

I have been trying wholesale real estate for 2 months. I have purchased scripts and guides.  I do not feel I am effective enough because my phone is not ringing.  I'm trying to find out starting off do I need to have business cards and a simple website going to increase my ability to get deals.  I am a newbie trying to get my first deal.  Any advise?

[Jose Flores]

Hey @Adrian Tillman 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.