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Updated over 5 years ago,

User Stats

20
Posts
3
Votes
James Anderson
3
Votes |
20
Posts

Wholesaling how to not get stuck?

James Anderson
Posted

Hello guys, I started the BP podcast in August and its been a daily thing.  I am interested in buy and hold rentals but my wife and I were walking in a very nice area of our city of Hollywood Florida.  And found this shell of a house.  I'm thinking I'd like to offer and wholesale this for someone who can rebuild and flip this property.  And I feel too inexperienced to take on a flip like this but this could benefit someone on BP here.  I don't know much about wholesaling and would like to know:

1) How do you get the deal?

2) How do you avoid getting stuck with the property. 

I am contacting the listing agent to find out more about this address.   I looked up both neighboring properties both were valued at $650,000 this is an area that has million dollar homes and is very close to the ocean.  

What are the right questions to ask the listing agent?   

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