Updated over 12 years ago on . Most recent reply
Questions about the wholesaling process
In wholesaling, from the time you set up an appointment with a motivated seller, to the time you put the property under contract, what should we as wholesalers be looking for? How do we deal with low equity properties? How do we deal high equity properties? How do I get a hold on to a title report to see what kind of liens, judgments, etc are on the property? Do I have to get an inspector to inspect the house? What about contingency clauses that protect me and the seller in the contracts? Are their mortgage concerns I should look out for? I have so many questions about this that need to be answered, so I can know how to deal correctly with seller interview process and other things concerning it.
I pretty much understand the front end and the back end of wholesaling is mainly about marketing to motivated sellers (front end) and investors/cash buyers (back end) (and correct me if I’m wrong), but what about diagnosing the property and market (I know how to use comps but is there anything else to know?) in that area the right way? Am I misunderstanding something? My ear are all open for any advice.