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Updated about 1 month ago on . Most recent reply

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As a beginner, I Need help how can I get started wholesaling real-estate.

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I've been hearing good thing about wholesaling real-estate and want to get started but i don't know where to start.

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Stephen Morales
  • Jacksonville, FL
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Stephen Morales
  • Jacksonville, FL
Replied
Quote from @Armstead Lardell Wilkins jr:

I've been hearing good thing about wholesaling real-estate and want to get started but i don't know where to start.


 If you need a workflow I'd be happy to send a generic one over that provides steps to get started. Essentially it goes like this: 

1.) Select the market(s) you want to operate out of. Preferably locally to you. Study it.

2.) Allocate a marketing budget that gives you 60-90 days of runway before closing your first deal. 

3.) Based on your budget select your marketing approach. Cold calling is one of the most cost effective methods for lead gen in terms of acquisitions and finding buyers for dispo. Some people ignore SMS laws and do texting, some cold email, direct mail etc. Inbound you have PPC (very expensive for it to be effective), SEO (time consuming), and PPL (risky). 

4.) Find a title company that is used to working with wholesalers and contract assignments. 

5.) attend local REIA meet ups to expand your network.

6.) You also need contracts, PSA (purchase and sale agreement), JV agreements, Assignment of contract etc.

There's more but that should give you a gist on what to start working on before you start your campaigns. 

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