Newbie Needs Help wholesaling

Newbie Needs Help wholesaling

Baltimore, MD · Member since 2019 · 85 posts · 37 votes

I just learned the skill of wholesaling.

Lately, I have been searching vacancies and code violation lists, once I find the property I can't get in contact with the potential seller. I'm finding myself spending a large amount of time looking for people and it's getting very discouraging because I feel like I am wasting time and there is an easier method. What are some tips?

Is there any tips for successful wholesaling?

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  • Dallas, TX · Member since 2019 · 6 posts · 1 vote
    7y

    Armani, i am also new to wholesaling and trying to figure it out. where are you from?

  • Flipper/Rehabber · CT · Member since 2019 · 14 posts · 5 votes
    7y

    Try and partner up with a realtor to get a pocket list of properties to your liking. 

  • Real Estate Agent · PA · Member since 2019 · 7 posts · 2 votes
    7y

    Armani,

    I started on a very small budget. What got me started was door hangars. They were cheap! I drove around my favorite areas and hung them on doors. Hope this helps. Feel free to drop me a message.

  • Rental Property Investor · Detroit, MI · Member since 2018 · 382 posts · 244 votes
    7y

    @Armani Emon,

    You can pay companies to skip trace for you like leadminingpros and batchskiptracing. Hope this helps you!

  • Baltimore, MD · Member since 2019 · 85 posts · 37 votes
    7y
    Originally posted by @Yousef Morshedian:

    Armani, i am also new to wholesaling and trying to figure it out. where are you from?

    I am from california, but now I am in MD. 

    What about you ?

  • Baltimore, MD · Member since 2019 · 85 posts · 37 votes
    7y
    Originally posted by @Yvonne Williams:

    Try and partner up with a realtor to get a pocket list of properties to your liking. 

    So, I have a realtor currently. 

    I haven't tried to do a deal with him yet, because I heard that newbies shouldnt do deals with realtors.

    Also I heard that the real estate agents, have a different contract; Since I am not physically buying the home and have no proof of funds 

    I really have been running from the real estate agents lol.  The last thing I want to do is tie myself up in a contract and be stuck.

    Have you worked with a agent? Is my logic accurate? 

    Can you give me more information about the subject ?

  • Baltimore, MD · Member since 2019 · 85 posts · 37 votes
    7y
    Originally posted by @Jason Izzi:

    Armani,

    I started on a very small budget. What got me started was door hangars. They were cheap! I drove around my favorite areas and hung them on doors. Hope this helps. Feel free to drop me a message.

    I have never heard of those before, I have to look at it more closely, Have you worked with a real estate Agent?

  • Real Estate Agent · PA · Member since 2019 · 7 posts · 2 votes
    7y

    I am an agent also

  • Flipper/Rehabber · CT · Member since 2019 · 14 posts · 5 votes
    7y

    @Armani Emon 

    Yes, I work with a realtor now. However I have my contracts and proof of funds already set up. It’s all bout having knowledge, and a good relationship with that realtor. Your situation sounds a bit different, I would say it’s best to just make sure your set up on your end. 

  • Baltimore, MD · Member since 2019 · 85 posts · 37 votes
    7y

    When working with a realtor do you have to always have proof of funds before you can buy the house?

    I have my own contracts, and Im pretty knowledgable so far. 

    I am just learning about the realtor aspect.

  • Baltimore, MD · Member since 2019 · 85 posts · 37 votes
    7y
    Originally posted by @Jason Izzi:

    I am an agent also

    Hey again!

    So, what I am doing right now is wholesaling 

    I have a realtor that I want to work with and wanted to know if 

    you could tell me more about buying a house from a realtor, and the process of assigning 

    a realtor contract.

    Some questions I have is 

    1) Do I always need proof of funds when I say " Hey i would like to buy that house from you?"

    or do I have a time period to close the deal. My problem is although I don't have the money right away, If my contract allows me a certain time period I can definitely get it.

    2) Are you able to assign realtor contracts?

    I really appreciate all of your help guys !

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