How to start whole saling today?

[Jayvon Devorce]

I’m 22 years old and I’m looking to get into real estate but want to start with wholesaling to make some cash for my real estate licenses. Just need some advice, any pointers to get started TODAY? 

[Brandon Vukelich]

Build your buyers list first.  Find local flippers or other investors in the area hungry for deals. Get their criteria, contact info, etc into a spreadsheet or any CRM. You'll be wasting your time and the seller's if you tie up a property with no ability to assign and close the deal.  

Have your documents ready to go.  You'll need a purchase and sale agreement and an assignment agreement at the very least.  Don't use cheap, free docs found online.  Have a local real estate attorney provide you a simple PSA and an AA.  My PSA is five pages and my AA is two.  If you plan to treat it like a business, you should be able to fund it like a business.

Don't be greedy on the first deal.  Better to sell quickly for a small fee and get the process down.  Don't just think about yourself and the fee.  Do an honest job in solving the problem/situation for the seller, without trying to rip them off.  Stick to that and you'll do alright.  Best wishes on your journey!