Looking to partner

2 Replies

Hello my name is Greg and I'm a newbie wholesaler located in Everett,Wa. I'm looking to form a partnership with an experienced wholesaler local to me. I have taken action and sent out some yellow letters but I haven't received a response. I would like to have someone help me and guide me as I learn how this wholesaling game works.

Thinking about wholesaling properties?

You have a good start. My next step would be business cards with your website address on them. Grab a map and start canvasing neighborhoods. Put your card under doors with a personal touch "I love the grand front porch" or "Great location, I have people who'd like to buy this house!" Mark each place you've hit up. If you don't get any hits from the cards (they will be rare) find out who owns it and send them a note or give them a call.

Your goal is to find places that are going to make other people money. Become the all knowing guru of real estate in your city. And make sure everyone knows that you are the man to find when it is time to turn over some real estate.

Put your website out in every conversation you have. Hand out business cards and ask people if they are thinking of sell any property they have. If they aren't, tell them to look for any future sales they might be interested in. Put a personal note on each card, "looking for multis" or "cash for beat up homes" that is pertinent to the conversation you just had. Everyone knows someone that has something to sell, make sure they come to you with that information.

Your information is your business. Make sure you know the names of every banker, broker, agent and buyer within 5 miles of your house. Then expand that to 10, 25 and 100 miles away. Go out of your way to send them cards, emails and questions.

@Gregory Williams  

Welcome. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 70 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Couple good reads 

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

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