Door knocking with pre foreclosures

[Vanesa Figueroa]

Hi community! I'm starting out with wholesaling pre foreclosures. Where is there a good website I can buy the list from? Or what would I need to do? I would appreciate advice! As a wholesaler what would you investors like to see in someone to work with? I don't know much about wholesaling and would love to know your thoughts on it

[Andrew Holmes]

@Vanesa Figueroa - As long as you pick one and stick to it that is the most important. 

Pre - Foreclosure

1. Pre-Foreclosure (With Equity 40% or more)

2. Pre-Foreclosures (30 Days from Auction)

3. Pre-Foreclosures (Short Sales not listed in the MLS)

Probates

Out of town owners

Bandit Signs

Shadow Inventory (Bank owned properties not yet listed on the bank)

There are 4 basic steps

1. Become really good at one thing that you can consistently go after and find deals. (In your area the number of pre foreclosures is low compared to my market. Colorado is a non judicial and your pre-foreclouses have gotten cleaned up. That does not mean that deals don't exist but they will be fewer in numbers compared to some other areas of the country. So pick another way to find wholesale deals just so you have more potential deals to go after)

2. Learn how to get deals under contract so you can assign them to cash buyer. 

3. Develop a buyers list.

4. Work with a attorney or title company whatever is customery in your area to assign the contract. You can also do a simultaneous close or double close. 

Different states have different rules and guidlines so please look into that for CO. 

Wish you the best.