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Wholesaling
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119
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8
Votes
Richard Gaston
  • Investor
  • Lakewood, WA
8
Votes |
119
Posts

New to wholesaling

Richard Gaston
  • Investor
  • Lakewood, WA
Posted May 12 2014, 15:51

Ok, as a REInvestor I have dealt with wholesalers in the past (mid to late 90's)when I have done this before, but have never actually done wholesaling myself. Sydney Chase highly recommended it for me to get back into Real Estate Investments and build up my cash flow, which I think is a very good idea seeing what I make at 7-Eleven (10 cents above minimum wage) is not enough to even save to buy a small parcel of land let alone a house (or a Mobile Home). When I did this before I actually had a Real Estate License and know how to generate my comps to get a close to accurate price of what a house is worth. As far as repairs that needs to be done I have a General Contractor who can help me with that, all I can do is Gyp, Hang Drywall, Deck and Paint, all the other stuff is an altogether another beast for me. So basically what I need to know is how does one learn how to Wholesale and sell the contracts to other investors when everyone here (I have looked at all the other posts including the sticky, to see the negativity about wholesalers) has had bad dealings with wholesalers? I do not wish to be on the bad side of anyone including all you wonderful people here who have helped out lots of newbies :-) ,I have seen topics about using Bandit Signs and as I have told Sydney, Bandit signs I am uncomfortable with especially since I was in one area (and this is just one area alone)I have counted 15 different Bandit Signs in one spot all with different phone numbers which tells me that a lot of wholesalers are vieing for one area, and there is another wholesaler who really play the numbers and that one has more money because he/they are actually using Billboards to advertise "We Buy Ugly Houses.com" which costs way more then Bandit Signs (and those won't get taken down lol by the Bandit Sign Police lol). So How do I learn how to Wholesale, what books do I need to read or download (Free is better if I can get it) Podcasts to listen to, etc. Please steer me in the right direction. Thank you, and Thank you @Sydney Chase for your valuable time to talk to me.

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