In any business, it is important to have a great network of people that you can contact when need be. Build up your contact base. For both investors, and property sellers.
Then, if you are not already, become friends with someone who works with the town and gets lists of distressed properties or a real estate agent that can provide similar info. Scan craigslist, newspapers. Could also try driving or walking around town/city and seeing if there are any properties that are for sale by owner and door knock or contact them via sign info.
Thank you @Joseph Profaci I need to definitely network more and I will be taking your advice because I don't really have any contacts as of now
I'm not in the wholesale business and I don't know if it costs that much but def don't put out money on something that isn't bringing you results.
I'm a real estate agent so I can see where my access to the multiple listing service and ability to find pre-foreclosures would be lucrative to put together deals for wholesaling. But for someone who doesn't have that access, it is like trying to find a needle in a hay stack.
I did a search on google so I could understand this concept a little better and I found a post from Bigger Pockets from the year 2006.
Here is the link to that article:
This article may have some pertinent information to help you begin your career in wholesaling.
Have a nice evening
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing