Wholesaling Real Estate Books
What are some good books you would recommend to a new wholesale real estate investor? My wife and I want to beef up our knowledge.
Most Popular Reply
Hey @Robert Richards I have not found any great books on wholesaling but there is a wealth of knowledge here on BiggerPockets. When I first started off I just posted every question I had and they all got answered by experienced investors. Here are a few suggestions to get you thinking. First, learn the process which could be explained in these simple steps:
Step 1: Market to motivated sellers
Step 2: Sign purchase contract with the seller
Step 3: Find cash buyer
Step 4: Sign contract with cash buyer for a higher price and collect 2k deposit
Step5: Close Transaction via Assignment or
Double Closing and Collect your check
Second, learn has much as possible about the 5 skill needed to be a pro at wholesaling. They are marketing; estimating repairs; contracting; appraisals; and negotiating.
Last, spend 80% of your time marketing.
Hope this helps. Good luck.