Updated almost 4 years ago on . Most recent reply
What is my first step to wholesaling a house?
I am currently in a pre broker real estate program and i want to start wholesaling houses right away! Whats the best advice from the pros? I want to dive right in
Most Popular Reply
I suggest reading this thread here on BP:
https://www.biggerpockets.com/...
It is important that you understand your market and its conditions. Knowing how to accurately estimate rehab costs and exit values (something many fail to do correctly) is of vital importance. If those numbers are wrong, so is your offer usually.
Next you will need to know contracts and disclosures and how to structure your wholesale deal. Finding cash buyers is the easiest part of this and can be accomplished by getting a list of all cash closings from your title rep, then locate the entity names that repeat in one year, there is your proven cash buyer. Make contact and ask what they look for in a deal and where, then go find it.