I have 2 important questions about wholesaling !!!

[Alexia N.]

Question 1:

When talking to a seller, you’re supposed to introduce yourself & say what company you’re calling. BUT... not everyone who is doing wholesaling is doing it from an actual real estate business. Some of us are doing wholesaling from our homes. I plan on creating my own real estate business later on in my wholesale journey. But telling the seller “Hi, my name is ___ & I’m calling from my house.” is clearly UNPROFESSIONAL.

So WHERE do I tell the seller that I’m calling from if I’m not with an actual real estate company?

Question 2:

I’m super girly. I’m NOT a professional home inspector. Of course I have no idea how to actually identify what is wrong with someone’s house & know what needs to be repaired.

So should I pay a professional inspector to inspect the home to see all of the repairs that need to be done or do I just ask the seller what repairs need to be done & believe their word?

[Greg Dickerson]

Originally posted by @Alexia N.:

Question 1:

When talking to a seller, you’re supposed to introduce yourself & say what company you’re calling. BUT... not everyone who is doing wholesaling is doing it from an actual real estate business. Some of us are doing wholesaling from our homes. I plan on creating my own real estate business later on in my wholesale journey. But telling the seller “Hi, my name is ___ & I’m calling from my house.” is clearly UNPROFESSIONAL.

So WHERE do I tell the seller that I’m calling from if I’m not with an actual real estate company?

Question 2:

I’m super girly. I’m NOT a professional home inspector. Of course I have no idea how to actually identify what is wrong with someone’s house & know what needs to be repaired.

So should I pay a professional inspector to inspect the home to see all of the repairs that need to be done or do I just ask the seller what repairs need to be done & believe their word?

Just be honest and tell them your name and that you work with investors that buy houses and fix them up and sell them or rent them and just calling to see if they are interested in selling.

You need to educate yourself on repair costs. Go to some meetups and network with some flippers and contractors and put together a cost database of general items. Also your cash buyers will know what things cost so it's not critical you mainly need to know what the ARV will be then walk the house with your buyers and take notes.