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Updated about 5 years ago on . Most recent reply
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New To Wholesaling in KC Area - Where To Start
Hello BP, I have recently acquired my real estate license and have been looking into how to get started in wholesaling.
I have a general idea but would love some pointers from all the seasoned wholesalers out there. Any and all advice is welcomed.
Thank you!
-Rodney
Most Popular Reply
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@Rodney Harris Congrats and welcome to Bigger Pockets! Bigger Pockets is the one stop shop for real estate investing. Get deals done the right way and connect with seasoned investors only on Bigger Pockets. Just my two cents here:
Data is king. I typically go to RealQuest and in seconds (literally) pull a list of all of the owners that match my criteria entered. Then I scrub it, which is incredibly easy since the list is all in one format in an Excel sheet for me. I price each offer based on our calculated purchase price. (Typically 20-25% of current "for sale" similar properties in the area.)
After that, I wait for calls and signed offer letters to come back! From there, you complete your due diligence and pick the best ones to purchase. I buy and immediately post for sale ALL OVER THE PLANET for double what I paid. Hope this helps you get started. I'm here if you have questions.