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Updated almost 5 years ago on . Most recent reply

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Christopher Gil
  • Windermere, FL
4
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14
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New to Wholesale in Orlando, Fl

Christopher Gil
  • Windermere, FL
Posted
So after reading and learning a TON of generic info. I decided with my credit being in low 600s and cash being non existent wholesaling is the route for me. I am trying to figure out how to Find sellers without spending money on marketing? I JUST DONT HAVE IT!! Find buyers In central FL How to properly complete both contracts, the purchase from seller and assignment to buyer. Any advice or local meetups would be amazing. My family is counting on me and I am tired of the rat race and have researched REI for 2 years now its time to get in before i never do. Thanks in advance!!

Most Popular Reply

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560
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Laura Alamery
  • Investor and RE Mentor
  • Miami, FL
218
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560
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Laura Alamery
  • Investor and RE Mentor
  • Miami, FL
Replied

@Christopher Gil If you are new to wholesaling, which seems you are :), wholesaling is definitely the best and safest way to go. You learn a lot, while making money. It's a win-win situation.

There are several resources to find sellers without spending money. Public databases and legal records are some of them: pre-foreclosures, tax delinquent properties, probate, etc.

Buyers? Check recent cash sales in your area and if you see a trend (several purchases in the last 12 months or an entity, not individual, purchasing,) contact them and ask them if they are interested in buying more properties.

As far as contracts, keep them simple. I use a 2 page contract, but what is more important is the right disclosures and stipulations to protect you and the other parties.

I do have meetups in Orlando. One coming up on August 19th. If you would like to attend, let me know. The next Meetup we will discuss how to find and fund deals here locally. 

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