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Updated over 2 years ago on . Most recent reply

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24
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Robert Duncan
  • Developer
  • Connecticut
56
Votes |
24
Posts

wholesaling/ virtual wholesaling???

Robert Duncan
  • Developer
  • Connecticut
Posted

Hello BP members I have some questions regarding wholesaling. So far the things I have heard about wholesaling are all negative and this bothers me mostly because I'm interested in starting my investment career this way. Here are some questions: 

1. In order to get started, what should I do first?

2. How much does the start up cost?

3. Do I need a attorney?

4. Where do I get the proper blank forms/contracts  from?

5. Do I need to start a llc?

6. How does virtual wholesaling work?

Any suggestions or information would be greatly appreciated. 

Most Popular Reply

User Stats

40
Posts
100
Votes
Adam Hobson
  • Specialist
  • Helena, AL
100
Votes |
40
Posts
Adam Hobson
  • Specialist
  • Helena, AL
Replied

@Robert Duncan I am in the Birmingham Al market. I am a full time wholesaler. The first year I started I don't know anything about wholesaling. I put out 50-80 hand written bandit signs each week. I got calls and 3 months later I did my first deal for 5K. I took each step at a time. I didn't know who to sell it to or what attorney to use. I downloaded a free contract from The Flipman on youtube. After the contract was signed I started searching for a buyer on Facebook and craigslist. A buyer reached out and we used their attorney. I didn't have an LLC for the first 5 deals I did. Just start taking some kind of action. You will learn very quick. Message me if you ever want to talk and maybe I can help. Thanks.

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