Hi there, I just started researching the wholesaling end of real estate, and I'm absolutely obsessed. I have a few questions in mind and hoping someone could help!
What should be first priority, focusing on properties of distressed owners; i.e.: driving for dollars, reaching out on CL or a real estate site for FSOB ETC.? Or, reaching out to create a buyers list? It seems like my main concern is finding a deal and then not finding a buyer. Although I've heard a lot about if the algorithm matches (ARV x .7 - repairs - fee = MOA) then finding a buyer won't be a problem, that just doesn't seem so concrete.
Also, to continue on that point, what does happen if you can't find a buyer? And what's the time frame typically? Is the P and S contingencies in place to protect yourself from such an instance? Or do you go to an attorney and create those contingencies yourself?
I am a very determined, goal oriented person that is ready to make the leap into this space. I appreciate all the responses and value your time so thank you in advance!
Regards,
Joshua Wegner
