All Forum Posts by: David Bokman

First ask yourself if you have the sales and marketing skills to become a wholesaler? Because that's what it is. If you don't know where to look, who to contact and what are the right deals I highly suggest you take a few steps back and do your homework. But in a nutshell wholesaling is a marketing business and if you don;t have the skillset and the budget for a long term marketing campaign I wouldn't suggest getting involved. Don't believe the hype....you can't invest in real estate with no money and no experience and ultimately be successful.  There are plenty of resources on this site and others that explain how to do everything your asking. Just keeping it real!

If you actually have a real "deal" than the numbers should do all the talking....but the biggest mistake wholesalers do is just list the address and the price. Instead you need to list the estimated construction cost, ARV, Potential rent amount or sale price, recent comps of MLS, etc etc.....Investors want to see a lot more information than just an address and price. The more information then better.

If you don't have a large cash buyers list and your relying on craigslist than your going to have a tuff time. I would recommend trying to co-wholesale with another wholesaler who has a larger buyers list.

You generate leads by marketing your business just like you would any other business(networking, mail, social media, online, etc etc etc). You have to have a marketing plan and marketing budget! No way around it!! Wholesaling is a sales and marketing business! You can download contracts online...not that hard you just have to search for them. You gotta a lot of work to do before you start trying to wholesale properties my man!

If the other person is also a wholesaler all you need to sign is a JV agreement or an assignment contract. I do co-wholesale deals all the time and it's not a big deal. BUT with that being said you have to know what you are doing and signing!! If the other person is serious they will get you a deposit as well otherwise a signature is worthless. You have a lot more research to do my friend before you start trying to wholesale houses but this is what's called a JV deal or co-wholesaling.

I feel like I see this exact same question weekly from someone new all the time. I think most people don't realise that wholesaling is a real business that requires both sales and marketing skills. And it usually helps to have a solid background/knowledge in these subjects before you start any business or waste money on a marketing campaign. So if you had a new business and your task was to market it....what would you do? Social media, craighslist, signs,network, ads, online ads, newspaper ads, direct mail..etc etc etc.......To be a successful wholesaler your gonna need a marketing budget for at least 6+ months or dont even waste your time. Just speaking the truth......

one thing has nothing to do with the other.....if your goal in this transaction is to "hide" your assignment than yes a double close could be an option and yes it will cost you more to make that happen. 

Besides the sites everyone has already mentioned, there is no easy way. You either have a good cash buyers list or you don't. If the deal is strong than most good investors should spot it via one of the social networks, otherewise you gotta try and build up your cash buyers list and that could take months to build up. No shortcuts here....just gotta network 24/7.

welcome to BP @Christopher Tully 

What are you looking for in building "long-term wealth" and what is your game plan? Are you looking for rental properties or properties you can fix and flip on your own? Once you have a plan of attack I'm sure you'll be able to network to find the right people. Best of luck.

When you say your starting out as a "new investor" what exactly do you mean by that? Real estate investing seems to be a general phrase that people throw around.....are you a wholesaler? Rehabber? Developer? What is it that your trying to accomplish here? If your getting emails with off-market properties and you don't know how to approach than I suggest backing up and doing a bit more homework on what real estate investing is all about. If you don't have buyers or the cash for those properties than I suggest doing nothing with those emails. 

@Deshawn LewisDepending on where the property is located, I would be interested in purchasing it if your interested. I'm a local cash buyer in the Philly market.  Feel free to reach out.