All Forum Posts by: Kironde Hearn

OK i see what you're saying. Thank you, that was Williams question about the property being sight unseen would have been my follow up question. My only thing to tackle now is building up that buyers list as well as getting better at telling someone that their 35k asking price is gonna have to come down to about 6 or 8k to do a deal with me. What have you learned are the negotiation dont's?

Im a new wholesaler in the Lee County, AL area. Ive been doing a ton of research and getting as much guidance as I can from youtube and other informative sites. I have 3 motivated sellers, 1 possible investor that my girlfriend knows and one lady inquiring about investing from a craigslist ad i posted. My question is #1, What are some things new wholesalers should know/be mindful of when starting out? I've been doing research but nothing beats practical knowledge and experience. And #2, am I allowed to send pictures and information on homes to potential investors? As long as I clarify I am a wholesaler and not the current owner? And #3, what is the process you guys follow? From the videos it looks like

1. find a property

2. sit down with and question the seller

3. walkthrough and copy down damages/get an estimate on repairs

4. make an offer/sign purchase contract

5. contact buyers

6. make a deal with the buyer/sign assignment contract

7. take both contracts to the title company and get paid

If thats right then great, this is my first venture into entrepreneurialism so I want to make extra sure I got my ducks in a row and a plan. If its not right or somethings missing, could someone help me fix it?