Beginner real estate wholesailing

[Ashley Ramirez]

Any tips on starting my journey into the wholesailing business?

[Dylan Thomas]

@Ashley Ramirez wholesaling is honestly really simple. You find a property that’s undervalued and sell it to someone else for the right value. Example. House is worth 150k fully rehabbed. 150k X 75% is 112.5k. Then it needs 20k in rehab. So 112.5k minus 20k rehab is 92.5k. You want to make 10k on your wholesale fee. So 92.5k minus 10k is 82.5k. That’s your max allowable offer. If you can get it for less, even better. Get the contract signed, and send it out to cash buyers. They will jump all over it because it’s a decent deal. They have 25% equity at the end of the day to sell it and that’s their profit. 

You don’t need a mentor per say. It’s literally as easy as I just told you. you just need to find a way to get leads. Without leads, there are no deals. So you can direct mail, drive for dollars, cold call, text, email, etc etc sellers trying to buy their properties. 

My only advice is create a business. You want to be professional and credible. I wouldn’t sell to you unless I could google you and see reviews, testimonials, blog posts you do, community work you preform, etc.