First Steps in Wholesaling and Flipping

[Arman Tannu]

Hi everyone, I am am based in Orlando, FL and am very new to REI. I want to begin with wholesaling, potentially move to flips but my ultimate goal is to BRRR. I absorb information very fast and have gone through a good chunk of course work and books in just a short time.

I am ready to start looking for deals. But my question is, should I make a website and LLC before pursuing deals? Should I create a buyer's list first? Should I invest in software for finding deals from the jump or bootstrap it? Essentially, what have you all done before beginning to find deals? Or was that the very first step?

[Joel Bongco]

Aloha Arman, I recommend to most people to crawl, walk, run, sprint, they fly. Start with crawling first which is to get really good at connecting with homeowners. I would not get too caught up in creating an LLC - do that we you actually have a steady pipeline of business. Come up with a plan - I recommend that you start in your own backyard first and get some practice with some local homeowners who are in distress or want to sell. Most newbies should work on this first before getting into all the technical details of wholesaling or flipping. I've got team members in Tampa if you need local support. HTHS! Joel