Wholesale....how do you start

[Ashley Collins]

I am new to all of this, and have little to no guidance on where to start. I went to a Rich Dad seminar and found definite interest but left with the now what factor.

Are there mentors out there or any advice.
I want to start with wholesaling......

[Eric Medemar]

Basically the equation looks like this

1. Find some buyers
2. Find out what your buyers want to buy
3. Find homes that meet your buyers wants
4. Put home under contract with an escape clause..I prefer inspection clause...Add your name "and/or assignees" to the contract to make it assignable
5. Get your buyers though the home
6. If they like it then sell them the contract, do another contact and double close, or sell them the llc if the contract was not assignable..
7. If they don't then exercise your escape clause.....

Very short version....But, definetly the version that works time and time again...

good luck