Real Estate Wholesaling

A 60-Day Action Guide to Wholesaling Your First Property

Expertise: Personal Development, Real Estate Wholesaling, Real Estate Investing Basics
89 Articles Written
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So you want to become a real estate wholesaler? Great here’s a 60-day action guide to wholesaling your first property.

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Introduction

Before we get started, I do not want to give you any false impressions. This is not 60 days to $5,000 without working; it’s 60 days to get you in the game.

I like to use analogies, and I will start with this one to put things in perspective. If you had the opportunity to play one season without pay to make an NFL team the following season, would you take the opportunity? I’d bet you would.

Let’s say you are doing everything your teammates are doing. You are getting up at 5:00 a.m. to run, and you’re in the weight room, out practicing, and learning the plays with the team. You’re doing everything, but you’re not getting paid. What do you think will happen? Eventually, you’ll be able to do what they do and make the team. You’ll become a paid player. It’s just the same for real estate wholesaling—you have to be willing to put in the sweat equity to reap the rewards. So let me show what this process looks like. Keep in mind—this is just one way, but there are many ways to close your first deal.

A 60-Day Action Guide to Wholesaling Your First Property

Step 1: Define your purpose.

The first step of the process is to ask yourself the following: Why do I want to wholesale property? What is it that I want and need? If you cannot clearly define these things, then stop. Also, your answer cannot be, "I want to make money." Of course you do, but you want to use the money for what purpose? You have to have a reason. The universe will not work towards bringing what you need if you do not know how you intend on using it. This is like going to a bank and asking for a loan, and when the loan offer asks, "How much do you need?" you say, "As much as you can give me." The banker then says, "Well, what do you need it for?" and your response is, "I just need it."

Sounds foolish, doesn’t it? That’s how some of us sound when it comes to our approach to success. We want it but have no idea what it takes or what success looks like. Defining your purpose should not take long, but it will take energy. I tell people to think back to when they were children. What really amazed them? Work towards that and dig deep. Your answer is somewhere in there.

succeed-vs-fail

Related: The 6 Most Common Newbie Wholesaling Questions, Answered!

Step 2: Join a team.

Using that same analogy of football, let’s say you now have to find a team. In searching for a team, you’re simply looking for a group of people who want to accomplish the same goals you do. As a real estate investor, this is normally easy to do. As long as you find those that truly love real estate, you can find a common purpose with these individuals, and you can help each other achieve common goals.

When you’re wholesaling, you need other investors to network with. You have to be able to pick up the phone and discuss real estate with likeminded individuals. You can find these people at real estate meet ups, cash flow games, and online forums groups like BiggerPockets. You have to make yourself accessible. I often tell people to friend investors on BP in their area and start a group or join a group already established. Go to Meetup.com and search “real estate investor groups.” This is where you will begin to learn what they learn, do what they do, and know who they know. Real estate is a contact sport; you have to get out and create contacts.

Step 3: Absorb everything.

Once you find a team, learn as much as you can. Do not be afraid to ask what you may think are dumb questions. Ask and become knowledgeable. There are specific things you need to learn about, including your market, potential buyers, what these buyers are purchasing, and where they’re buying properties.

Let’s start with finding buyers; you can seek out this information by researching all the recent cash transactions that occurred in an area. Without going too far into the details, let’s just say you can contact a local title company and inform them that you’re doing market research and looking for all the recent transactions without financing that occurred in the past year. Once you receive the addresses, you can search those addresses with the county assessor’s office to look for the tax mailing address. Once you have the tax mailing address, you can then send out letters asking them to contact you if interested.

Related: How to Set Goals as a Newbie Wholesaler (& Actually Achieve Them!)

Once they call you—because they will call—ask them what are they looking for. Ask them if they will be ready to move quickly if you find it. Now you have buyers.

This is normally where the fear begins to kick in. Push that fear aside. You will go through the emotional roller coaster of fear, anxiety, low self-esteem, and many other emotions in between.

Step 4: Pay to play.

Education is not free. However, it does not have to be completely unobtainable, either. Building your circle of influence will cost you something. This will, of course, cost you time, effort, and sometimes money. You’ll need to put your money where your mouth is. If you really want to be an investor, you will have to invest in yourself

You will not be able to reap the benefits without giving up something. While gurus often say that with little effort you can close your first deal and make $5,000, that’s simply not so. The beginning is the hardest. You need to “pay to play” by taking others to lunch to ask questions, investing in direct mail, or driving for dollars. Also, to increase your circle of influence, you will have to pay to be in the environment of those who are doing what you want to do.

Conclusion

This article tackles the psychology of starting out. You have to have a purpose, educate yourself, absorb a lot of material, have the right mindset, and finally, put what you learn to action. Education is the key. If you want to learn to do something new, you have to reprogram your thinking to see it materialize. To quote my college professors, “Put your theories into practice.”

[Editor’s Note: We are republishing this article to help out our newer readers.]

Newbie wholesalers: Where are you in your journey?

Let me know your questions and comments below!

Marcus Maloney is a value investor and portfolio holder of residential and commercial units. He has completed over $3.3 million in wholesale transactions. Currently, Marcus is a licensed agent who wholesales virtually in multiple states while building his investment portfolio. He has also converted some of his deals into cash-flowing rentals. Marcus holds seven rentals, two of which are commercial units. He’s even purchased a school, which was converted into a daycare center. His overall goal is to turn what is a marginal profit into a significant equity position. He leverages the equity by using the BRRRR (buy, rehab, rent, refinance, repeat) strategy to increase his portfolio without any money out-of-pocket. Marcus has been featured in numerous podcast such as the Louisville Gal Podcast, The Best Deal Ever Podcast, The Flipping Junkie, and many others. He contributes content regularly to his YouTube channel and blog.

    Timothy F.
    Replied about 3 years ago
    Nice article, Brett. There may be new social media sites popping up everyday, but there are plenty that close very quickly too. Best not to waste time on the duds!
    Brett Snodgrass Investor from Indianapolis, Indiana
    Replied about 3 years ago
    Thanks, Timothy. I agree. It’s important to watch which new ones are replacing old ones, but unnecessary to try to be on them all.
    Nick
    Replied about 3 years ago
    Some useful tips here. Thanks. Our company too uses an email marketing service to manage our customer list. I guess many smaller businesses do it this way. We use SendPulse marketing automation platform. It is similar to Mailchimp in terms of functionality and features but is more affordable. There’s a free plan that offers larger quota and is less restrictive than MC’s free plan. Check it out.
    Brett Snodgrass Investor from Indianapolis, Indiana
    Replied about 2 years ago
    Thanks Nick for the feedback and the resource. This could be a great service for new investors, and we appreciate it.
    Brian Desaulniers from Winter Garden, Florida
    Replied about 3 years ago
    Great insights Bret! I’m new to investing, BP, and everything so most of what I’ve been studying is dated but this article was published this month (Sept 2016)! Good stuff. The bit on MLS access through a real estate license makes a lot of sense but doesn’t the broker you are with have concerns about conflicting interests? Brian
    Brett Snodgrass Investor from Indianapolis, Indiana
    Replied about 2 years ago
    Brian, You have to just find an investor friendly Broker who basically knows the investing world. There are a lot out there. I wouldn’t choose a large company like REMAX or CENTURY 21. I would choose a small broker who does investing. They shouldn’t have any issues. Thanks, Brett
    Charles Burns from Spring, Texas
    Replied almost 3 years ago
    Hello Brett new member to BP looking to get started with wholesaling. I’ve read a few of your post as well as few others and the info is great. But sometimes I feel like that while the info is for new investors it also seems to be the investor who has done a few deals. My question is what advice would you give the investor looking to do his/her first deal or do you have post speaking on this? Thanks in advance.
    Brett Snodgrass Investor from Indianapolis, Indiana
    Replied about 2 years ago
    Thanks Charles for the feedback, That is a GREAT POST, and We will write it. I would do the following: Find a wholesaler doing a lot of deal in your area, and link up with them, and bring them value, and partner on you first 5 deals (At least with them) Look up all of the turn key companies in your area, and let them know you want to bring them deals, (Make a list) Look at property management companies in your area and Title companies, tell them you want to bring investors deals, and ask if they know any? I would start with Direct Mail There are a lot of direct mail resources in BP you can check out to get started. Get a Google Voice # or use Call Rail “So you can track what lists or mail pieces are working” Learn how to analyze deals. Work on the deals together with your new wholesaling mentor/partner This is a Long Comment, And After writing it, I feel we need to write a Blog on YOUR FIRST DEAL!!! Thanks, Brett
    James Green Wholesaler from Waldorf, Maryland
    Replied over 2 years ago
    Another great article. I especially like # 4. The gurus are always pushing that you should at least get 5K per deal, which is ludicrous especially if you don’t know what you are doing. I remember my first deal was 1K as a bird-dog fee. The buyer on that deal, asked me to co-wholesale a property he had & we ended up splitting 35K! Both deals closed within a week of each other.
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 2 years ago
    James, that’s sweet man. Great job I tell people its the power of momentum. Just get started and things will begin to pick up. Great Job.
    David M. from Buckeye, AZ
    Replied about 1 year ago
    Hello Marcus, I’m a newbie wholesaler looking to make contacts and build relationships. Would you be willing to co-venture with me on a property?
    James Pelz from Las Vegas, Nevada
    Replied over 2 years ago
    Great article. Thank you! I am just starting out in the game. I have been to a few real estate investing meetups and have been actively using Craiglist and driving for dollars to seek out motivated sellers. Would you recommend co-wholesaling for your first deal with an experienced investor to get the first deal under my belt?
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 2 years ago
    James Pelz, Thanks for reading I would recommend co-wholesaling for the following reasons: 1) It’s ok to sacrifice money for education. The experience wholesaler will be able to teach you how to navigate the transaction. 2) Being a key cog in the acquisition you can help with the disposition. This comes in the form of meeting cash buyers at the property. So you get a chance to meet players in your market and exchange contact info. Guess what that’s a “Cash Buyer” 3) You will be able to meet other stakeholders like escrow officers, & attorneys to help build your team.
    Anthony Edwards Real Estate Investor from Dallas, Texas
    Replied over 2 years ago
    I’m brand new to real estate investing. My focus, initially, is definitely on wholesaling. This article is very beneficial. I’m in Dallas TX, and the market is hot here. I’m hoping to find someone willing to mentor me on this journey.
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 2 years ago
    Anthony, sorry for the delay man its been extremely crazy the past few months. Glad your ready to take action. Wholesaling can be challenging but if you are tenacious you will be successful. Remember to enjoy the Journey. There are many TX investors in the forums and there are great meetups get active and involved you will find that mentor. I have more information at equityrealestateblog.com especially for those just getting started. Check it out.
    Talia Erinna Real Estate Professional from Haverhill, Massachusetts
    Replied over 2 years ago
    I just found out about this forum/group this week but I have been interested in various aspects of real estate for months now. Thank you for this article this was very informative for someone with no experience and so far, no mentors and major contacts. My first step as you mentioned is to join a group that does invest in real estate on meetup (I did find one) but I found an investment organization and I went to one of their seminars this week as well. I will learn this and I will be successful no matter how long it takes!
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 2 years ago
    Talia, great you’re getting out there remember its a journey and there will be some setbacks but if your focused you will find success or better put success will find you. Just position yourself and read, watch videos, and network. For the first 9 months that’s exactly what I did to get started and it worked. Remember to enjoy the Journey
    Sandra Acosta from Whittier, California
    Replied over 2 years ago
    I’m so thankful for BiggerPockets and all these articles to learn from. I plan to learn more on wholesaling to eventually rehab, is there anyone in the Whittier CA (or nearby areas) that I can shadow and learn from?
    Dave Knott from Mt.Washington, Kentucky
    Replied over 2 years ago
    Great article Marcus! I hope you understand the importance of these to new investors such as myself. Alot of people made wholesaling sound so easy and fast, but it takes alot of patience and knowledge as I am finding out. Thanks for the information, it definitely changes the way I am thinking about wholesaling.
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 2 years ago
    Dave, glad I can help. I remember the struggles of getting started. All the false hopes of making millions fast, not knowing and respecting the process of becoming a professional. I have other FREE content at equityrealestateblog.com there’s a great book there for beginners that I believe you will enjoy. I write everything through experience and hard lessons that I’ve learned. Enjoy the Journey real estate is fun but challenging
    Brett Snodgrass Investor from Indianapolis, Indiana
    Replied over 2 years ago
    Excellent article Marcus. #2 is the most important part to me. Even @JamesGreen mentioned teaming up with another wholesaler, creating a really nice deal. That is what it’s about. Great teamwork will bring you to many more deals.
    Brett Snodgrass Investor from Indianapolis, Indiana
    Replied about 2 years ago
    Thanks Marcus! Much Appreciated! God Bless.
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 2 years ago
    Brett, teamwork is essential. Many people look at trying to get 100% of the deal and end up getting 0% when something is always better than nothing. Also the experience and the education is worth a whole lot. I work to build relationships because the more you build the more you can leverage. Thanks for reading I appreciate it
    Matt Argon Investor from El Paso, Texas
    Replied over 2 years ago
    I would like to ask if you would pay to engage in a professional group of people who are doing what you want to do? With saying pay I mean paying around an average assignment fee to the group leader and share the marketing costs. I would like to hear what you think.
    Matt Argon Investor from El Paso, Texas
    Replied over 2 years ago
    I would like to ask if you would pay to engage in a professional group of people who are doing what you want to do? With saying pay I mean paying around an average assignment fee to the group leader and share the marketing costs. I would like to hear what you think.
    Thang Nguyen Real Estate Agent from Shreveport, LA
    Replied over 2 years ago
    I’ve enjoyed this article. And I do agree with you. If you set your mind for the vision you want to achieve then it will happen one way or another. It’s the mentality that really matters, along with self education will you succeed. Thank you again for reaffirming what I’ve been reading. I’m new to the real estate industry as well. And this was very helpful!
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 2 years ago
    Thang, thanks for reading. The mental aspect of getting started is where the battlefield is. It can be difficult doing something new and your mind will try and tell you its not possible. Keep reading the success stories of other as motivation, but be careful because you can begin to question yourself seeing others success. Get busy and keep learning and then take massive action. Thanks for reading if you want more articles go to equityrealestateblog.com I have a great beginners book for free there.
    Tevin
    Replied over 2 years ago
    Great Article, I am new to investing and the same forms of fear you talked about in step 3 happened to me. As time went on I became more comfortable. What I learned is after repetition and repetition, you soon get into a rhythm that sticks with you.
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 2 years ago
    Tevin, that is the golden nugget once you overcome that fear monster by taking action it no longer becomes a challenge. Fear is just an opportunity to explore your own greatness.
    Tevin
    Replied over 2 years ago
    Great Article, I am new to investing and the same forms of fear you talked about in step 3 happened to me. As time went on I became more comfortable. What I learned is after repetition and repetition, you soon get into a rhythm that sticks with you. Reply Report comment
    Tevin
    Replied over 2 years ago
    Great Article, I am new to investing and the same forms of fear you talked about in step 3 happened to me. As time went on I became more comfortable. What I learned is after repetition and repetition, you soon get into a rhythm that sticks with you. Reply Report comment
    Amanda Hedadji from Folsom, California
    Replied over 2 years ago
    This is a great article, the suggestion about calling title companies and saying your doing research on cash transactions is brilliant… it is very easy to find buyers, I have found, but that’s a great way to find more!
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 2 years ago
    Amanda, thanks for reading do you have any suggestions for those getting started on other ways to find buyers?
    Kathlene Griffiths from Pinon Hills, California
    Replied over 2 years ago
    This was very informative. Thank you for writing this article.I took lots of notes to pin up on my board as actionable steps. Every step was very important. again thank you.
    Christopher Walters from Plant City, Florida
    Replied over 2 years ago
    Thank you Marcus for this Great article. Myself and wife are new to wholesaling investing in FL working on our first deal. We invested in gurus saying how easy and fast it is to make money but we found out real quick it’s not so easy and not so fast. Thanks again
    Harold Henderson from Joliet, Illinois
    Replied about 2 years ago
    Should be titled “4 Steps to Wholesaling”. The title is completely misleading. Am I missing something here?
    Terry Free from Baltimore, Maryland
    Replied about 2 years ago
    This is a great article! I’m a newbie myself, out of Baltimore, MD, and recently unemployed. So, I’m taking a bigger risk than most. I’ve also spent money with the guru’s but stopped because it wasn’t as personal and hands-on as I would have hoped. This article has given me some ideas as far as how to find buyers and the importance of building a team. I hope to start soon as I’m not having any luck finding employment, outside of working for McD’s and I refuse to go that route.
    Gerald McCullough Contractor from Jackson, MS
    Replied about 2 years ago
    Great article very useful I’ve been trying to figure out how to stop spinning my wheels and become more productive !
    Brett Snodgrass Investor from Indianapolis, Indiana
    Replied about 2 years ago
    Thank Gerald, Yes it’s all about doing the things that are more productive, and leave the rest to someone else. Thanks
    Anthony Voss from Fort Worth, TX
    Replied about 2 years ago
    Great article man! I really learned a lot that I can put into action now as a newbie, great tips that I haven’t heard anywhere else yet! Thanks a lot. -Anthony Voss
    Brett Snodgrass Investor from Indianapolis, Indiana
    Replied about 2 years ago
    Thanks Anthony! Glad we can help. Feel free to check out some more of our blogs and podcasts on here as well as some of the stuff that we have done at Simple Wholesaling. Something to look forward to as well, we have a course coming out the end of this year/early next year. God Bless!
    Erin Elam from Little Elm, TX
    Replied almost 2 years ago
    I liked this article and right away began calling title companies. I was told either they can’t give that information (just addresses) or to go to the local courthouse – was anyone able to get addresses from a title company?
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 1 year ago
    Erin, this strategy takes relationship building first. It’s imperative that you meet with an escrow officer or the escrow manager and discuss your investment strategy. Once that rapport is built they will provide that info for you. Actually you can pay for it via the title company but you can also get it for free. Remember this is an industry of relationships.
    Zachary Wilson from Pueblo, Colorado
    Replied over 1 year ago
    Hey Marcus! I loved your article man! I think you are so spot on that people need to know thier “why”. They also need to be specific as to what exactly it is that they want. This I think can be done by just being specific with yourself( not you personally), as to how much money you want to earn and in what time frame. Also loved what you said about building a team! I couldnt operate my fix and flip business without my team!
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 1 year ago
    Zachary, thanks for reading man. The comments always let me know if I’m on the right track and giving the readers what they need.
    Micaiah Cormier from Claremont, New Hampshire
    Replied over 1 year ago
    Must I have liquidity enough to follow through with a purchase and sales agreement if I do not find another buyer? In other words, what are my options in the event that I simply cannot re-assign the contract? I would like to wholesale in order to build liquidity for deals without third party investors. Thanks for sharing your knowledge with us.
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 1 year ago
    Miciaiah, It’s always good to close the deal and not tie up a property just to try and move it. This can become an issue for those getting started and do not have the means to close the transaction. However in your contract there is an inspection period that will cover your interest in the contract so you can cancel the contract without any recourse. Send me a direct message and we can discuss further so I can really go in-depth
    Sandy Kurtzman
    Replied 9 months ago
    I’ve found that most Sellers want a letter from your bank or lender showing you are pre-approved for X dollars. I’d love to be a “Wholesaler”, but every pre-approval requires a credit check, which in turn lowers a credit score, and I haven’t found a lender that would just write a letter like this, no matter how strong the relationship is, because it would legally obligate them. How do you get around this?
    Johnathan Mark Rental Property Investor from Houston, TX
    Replied over 1 year ago
    Thanks for writing this Marcus. Clear directions to follow for us newbies.
    Les D. Winiarczyk from Palatine, Illinois
    Replied over 1 year ago
    Hi Marcus, thanks for writing the article. I have no experience in Real Estate investing, and I’m trying to learn wholesaling. One thing I struggle with is I don’t know what I can offer anyone because I’m just starting to learn. For example, you recommended contacting a local title company and requesting info on transactions without financing in the last year. They will give me this info just for the asking? What is their incentive to do so? Thanks… Les
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 1 year ago
    Les, great question. This is a 2 part question: First knowing what to offer on a house you need to learn how to comp properties. You can use tools like rebogateway.com or zillow.com. Although these resources are good tools to use you still need to make sure you are comparing like properties. For instance if the properties been rehabbed, same number of bedrooms, similar square footage etc…. As far as the title company you need to schedule an appointment informing them that you are a real estate investor and you are looking to double close and assign transactions. Not all title companies will do these transactions, but when you find one that will ask to meet with an escrow officer and there are some scripted questions you need to ask. Private message me and I can give you some resources. The benefit for the title company is that you will close deals with them. Each title company have a marketing dept and that person will be able to provide you with that info.
    Carl Renaldo Williams from Mishawaka, Indiana
    Replied over 1 year ago
    Great article Marcus. As a first time wholesaler trying to get his feet wet, I thoroughly enjoy reading all of the information that you put out to help others avoid making the simple mistakes. In your reply to Les up above, you mentioned some scripted questions that I should be asking the title company in order to develop a relationship with them and build my network. Is there anyway that I can get a hold of those resources as well? Thank you in advance for your time and keep up the great work of informing newbie wholesalers like myself. The road to financial gain and freedom is a long and arduous one, but I’m willing to put in the time and effort to obtain it for my family.
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 1 year ago
    Carl, Thanks for reading man, send me a PM so I can send you the video of the information you need for the title company
    Eliseo Magallon from Lawrenceville, Georgia
    Replied over 1 year ago
    Another great article!
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied over 1 year ago
    Thanks for reading @Eliseo
    Apani Smith Real Estate Agent from Queens, NY
    Replied over 1 year ago
    Terrific article. I have been trying to figure out how to start as an investor and I am attracted to wholesaling. This article was super informative. I just signed up to attend my first REI meetup in NYC area and im super excited!
    Account Closed from Minneapolis, Minnesota
    Replied over 1 year ago
    Great article! Thank for sharing your thoughts and experience Marcus. I am new as well, just bought clever investors fast track and ready to bust my butt to make it. Im interested in following your advice and go co-wholesaling to start, ive just joined MN REIA and started attending events. I just wonder who really wants to work on a deal with a newbie like me. I hope to read more of your posts. Thanks again.
    Account Closed from Minneapolis, Minnesota
    Replied over 1 year ago
    Great article! Thank for sharing your thoughts and experience Marcus. I am new as well, just bought clever investors fast track and ready to bust my butt to make it. Im interested in following your advice and go co-wholesaling to start, ive just joined MN REIA and started attending events. I just wonder who really wants to work on a deal with a newbie like me. I hope to read more of your posts. Thanks again.
    Toks Akinsunmade
    Replied over 1 year ago
    Wonderful article, I learned the importance of networking in order to wholesale. However do you have any suggestions for some of us planning to wholesale remotely/virtually. How do we build these relationships?
    Toks Akinsunmade
    Replied over 1 year ago
    Wonderful article, I learned the importance of networking in order to wholesale. However do you have any suggestions for some of us planning to wholesale remotely/virtually. How do we build these relationships?
    John Teachout Rental Property Investor from Concord, GA
    Replied over 1 year ago
    remotely? Not sure how that would work but hey, it’s worth a shot…
    Fidel Maldonado Real Estate Agent from Ontario, California
    Replied over 1 year ago
    Great Article, with many questions to came because I just start in this journey, and fill over whelming it is not ease to digest.
    Thoran W. Menser Rental Property Investor from Gaithersburg, MD
    Replied about 1 year ago
    Marcus, Thank you for taking the time to share your thoughts, amazing to learn answers to questions that were holding me back.
    Trina Butler Specialist from Akron, OH
    Replied about 1 year ago
    Great article, I enjoy reading good advice, as a women just coming into wholesale or investing can be a challenge within itself, so I am learning and getting all the advice I can get, and pairing up seems like a good idea Thank you!
    Stephan Taylor from Philadelphia, Pennsylvania
    Replied 10 months ago
    Hello Marcus, I know I’m a little late to the game, but here we go. I’m also very interested in the video you offered to Les and Carl, the two gentlemen above. Any info about interacting with the Title Company would be Greatly appreciated. Thanks for your Time, Article, and information.
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied 10 months ago
    Stephan, welcome and thanks for reading. You can go equityrealestateblog.com and get the questions we personally ask title companies before we work with them. Also there’s a video tutorial there as well. Let me know if you need help with anything.
    Sandy Kurtzman
    Replied 9 months ago
    Two questions: 1. I’ve found that most Sellers want a letter from your bank or lender showing you are pre-approved for X dollars. I’d love to be a “Wholesaler”, but every pre-approval requires a credit check, which in turn lowers a credit score, and I haven’t found a lender that would just write a letter like this, no matter how strong the relationship is, because it would legally obligate them. How do you get around this? 2. As an Investor and a property owner, I’m always receiving letters and postcards asking to buy one of my properties. These letters are never opened and go straight into my trash. What is a more effective strategy to find properties? Why is this strategy recommended?
    Sandy Kurtzman
    Replied 9 months ago
    As an Investor, I’m always receiving letters and postcards asking to buy one of my properties. These letters are never opened and go straight into my trash, only serving to financially support the US Postal Service. What is a more effective strategy to find properties? Why is that strategy still being recommended?
    Marcus Maloney Rental Property Investor from Queen Creek, AZ
    Replied 9 months ago
    Sandy, thanks for reading. Direct mail still work, you’re 99%, investors are looking for the 1% and that 1% is where the deals are.
    Omar Bunch from Hardin County, KY
    Replied 6 months ago
    This is a great article! In fact, this is the second article of yours that I am reading tonight and both have been exactly what I was looking for to help me start organizing my approach to wholesaling. I am beginning this REI journey in central KY and it is reassuring for me to know that I had already done some of the things you talked about in this article. Thank you so much for taking the time to share!