HOUSTON AREA,NEEDING ADVICE ON WHOLESALING REAL ESTATE

HOUSTON AREA,NEEDING ADVICE ON WHOLESALING REAL ESTATE

Cypress, TX · Member since 2017 · 2 posts · 0 votes

Hello everyone,

Lately I've been really intrigued by real wholesaling & I'm just not sure where or how to start.

I've checked out a couple of youtube videos & a few online articles about it but find myself constantly being "sold" on programs etc...

I am in the Houston area & would just like some plain jane ways to get this going.

A nudge in the right direction would be great!

Thanks in advance!

-Jovani

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  • Specialist · Cleveland · Member since 2015 · 90 posts · 24 votes
    9y

    Hello Jovani,

    Welcome.  Use the search bar on the site.  Listen to podcast and check out the BP beginners guide. 

    https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/

  • Shawn AckermanPro Member
    Real Estate Entrepreneur · Mid West, East Coast · Member since 2015 · 3k+ posts · 1k+ votes
    9y

    @Jovani Jaimes Wholesaling real estate is simple.  It's the game of the middle man.  So in a nutshell find a deal that you can control with an offer to purchase contract, then assign the deal to another buyer.  If you can get a deal at 60-65% of it's value (including rehab) and sell it so another buyer for 75-80% of the value then you should be in good position to take a deal to the closing table.  There are quite a bit of mechanics that go into getting the property and selling it but it appears that your already researching that information.  Best of luck to you.

  • Flipper/Rehabber · Houston, TX · Member since 2016 · 108 posts · 19 votes
    9y
    Pm me if I can help
  • Cypress, TX · Member since 2017 · 2 posts · 0 votes
    9y

    Thank you very much to the both of you! I have sent requests to connect & will be keeping in contact!

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