Wholesaling in Todays Market

[Eugene Rabinovich]

Hey everyone, 

My wife and I are trying to get into real estate but we don't have a lot money. We were planning on obtaining a conventional loan and were going to put down 3 - 5%, live in the unit for 1 - 2 years then rent it out but we were unable to find a solid property. I am located in Charlotte, NC and my market is HOT!! We put in multiple offers way over asking price but we keep getting outbid. We decided to wait and figure out a new strategy. in the mean time, we are going to keep reading, listening to podcasts and try to gain more information which is why i am looking at wholesaling. 

I am interested in wholesaling but i have zero experience. I know its not easy and there is a lot of work and time that is associated with it but i am ready to learn. over the next week, my goal is to fully understand the wholesaling process and which market(s) i should be focusing on. I don't think Charlotte will be a focus of mine so i will be looking into the surrounding areas such as Rock Hill, Columbia, Kannapolis, Salisbury, etc. I know this is a general forum but if you are familiar with these areas, feel free to reach out!

Anyways, my questions are.. 

1) What resources are good for understanding wholesaling?

2) the do's and dont's of wholesaling

3) is there a workflow chart around that i can look at?

I have a lot more questions but i'm sure they will be answered once i find some solid reading/listening material. 

thanks for your time! If you are an investor in or around Charlotte, North Carolina feel free to reach out!

Best, 

Eugene Rabinovich