First step in Wholesaling

[Crystal Bradley]

What is the first step in wholesaling when you are low on funds?

[Will Barnard]

First step is to educate yourself on your market and exactly how you intend to perform the wholesale transaction as there are many ways to do it, not just by assigning a contract, contrary to inaccurate popular belief.

You need to know your market, know how to estimate ARV's and know how to estimate repairs. Finding cash buyers is the easiest part so once you know how to do the above, then go find your buyers and start shopping for deals.

You should also check with your state laws to make sure you operate legally and ethically which is often overlooked in the wholesale industry.