Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

15
Posts
0
Votes
Jeremy Long
  • Smithfield, PA
0
Votes |
15
Posts

DETAILED Step by step for wholesaling a property

Jeremy Long
  • Smithfield, PA
Posted

Would anyone like to write down a DETAILED, I'm talking a total news step by step procedure to doing a wholesale, i.e. hiring a realtor? An attorney? When and how? When do you tell the seller you're not actually buying just helping them find a buyer? Basically any and all details would be hugely helpful! Thanks!

Most Popular Reply

User Stats

227
Posts
318
Votes
Jose Flores
  • Real Estate Investor
  • Buffalo, NY
318
Votes |
227
Posts
Jose Flores
  • Real Estate Investor
  • Buffalo, NY
Replied

Hey @Jeremy Long Here are a few suggestions to get you thinking. First, 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 skills 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. 

Loading replies...