Detailed process on how to wholesale houses.

[Bryan Rodas]

Hello, I am newbie when it comes to this wholesale business. I am really interested and I'd like to learn more. I've watched countless YouTube videos but there is something I dint understand which is the detailed process.

What do you do after the seller accepts your offer?

I am aware that you have to get a buy and sell agreement? But does the agent take care of that? And if so, how i can tell him to put the clauses that are going to protect my earnest money? Since he is doing the contract, and not me?. Once I get a buyer what should I do? I know I have to get a title company but im confused what if the seller says that he has his own title company/escrow? And what if his title company isn't wholesaler friendly?

I'm so confused, please i need DETAILED examples and explanation about the whole process ?

[Barry Pekin]

@Bryan Rodas,

First things first.  Be sure to get a good solid understanding of what wholesaling is all about.  I recommend the book, "If you can't wholesale after this... I've got nothing for you."

And, yes, I've heard the concerns that when you're wholesaling, you're taking advantage of the desperate and misinformed.  You can do that, or you can be honorable, truthful, and transparent.  I just met with a seller who reached out to me with a complete understanding of what I do.  He wants to get rid of his house.  He doesn't want to spend time/money to fix it up and make it showable.  I've met with others in the past who didn't know what I do.  I explained exactly what I do.  I tell them they can make more money on the sale of their house if they're willing to do various things (fix it up, list it, etc.).  Sometimes they opt to go that route (as they should), and sometimes they are willing to take less just to get it off their plate.

Good luck!