All Forum Posts by: Britt M.

@Luis Gutierrez

Wholesalers work with sellers of distressed properties to get below retail price for a property. Distressed sellers will work with a wholesaler if they are motived and want to be rid of the property and want cash to walk away without doing any improvements.

Ethical wholesalers state to the seller that they may keep the property for themselves or one of their partners will purchase the property. This lets the seller know up front, how the transaction will work.

Wholesalers don't own the property, they have an assignment contract. They will sell their interest in the property to their end buyer.

There are many, many blogs and podcasts on how Wholesaling works in BP.

I recommend you check out @Mike Nelson and @Sharon Vornholt

Hope this helps.

@Joshua Dorkin I agree! When will it be available? :-)

check out the Mike Nelson podcast.

James,

Please move this thread to the Marketplace. :-)

@James Evanoff that's my neck of the woods. PM me your criteria please.

@James Evanoff

Welcome from Kirkland! Would love to connect! You're in the right place.

Right on! Keep us posted!!!

@Morenike Arraheem echoing the same thoughts: use BP, REIA, agents, personal contacts. I have my buyers through all these channels. I'd recommend having something of value, like a deal, before approaching buyers. Once you have a deal, the buyers will come.

Good luck!

Hi BP,

I had a 30 minute FREE mentoring call with @Brian Gibbons today. It was great. I'm not here to sell or promote anything. Just sharing that his mentoring helped me to start thinking through Lease Options more carefully. And, utilizing this tool as a wholesaler.

Best.

@Vipin Aggarwal

Welcome! Ask questions, listen to podcasts, read everything.

Wishing you the best!