New to Real Estate · Salt Lake City · Member since 2021 · 20 posts · 9 votes
Happy Weekend Everyone!
I've been learning a lot about wholesaling and I think it might be the perfect place for me to start. I have a little bit of money that I want to grow so I can start buying and holding. Is anyone familiar with the process specifically in Utah/Salt Lake?
I think driving for dollars and leaving a post card would be a good place to start. I just want to make sure I fully understand the process before I go out and find sellers:
1. Find below market value deals (foreclosures, tax delinquents, distressed properties on and off market, etc) 2. Get in contact with motivated sellers 3. Get a contract signed between myself and the seller 4. Post the property I have under contract on BP Marketplace and/or get in contact with investors/buyers 5. Sign over the property to the investor/buyer.
Can anyone break down the process for me in more detail? There are still some blanks spaces for me that I want to clarify before moving forward with my search.
I believe I’m in the same boat as you and I’m been on the search for answers but haven’t had any luck. Been learning about wholesaling and really want to start but I’ve seen mixed answers regarding how legal wholesaling is in Utah. Seems like they’ve been cracking down on it. If you have any information I would really like to connect with you. Thanks!