Updated about 5 years ago on . Most recent reply
Wholesale for beginners
Hello everyone, 👋🏻
My names Ethan I’m 19 years old and I’m looking to start wholesaling. I’ve been studying hard and have a relatively strong grasp on the basics of wholesale. However I still have a few gaps in the process and specific details I need to learn. If you could help me out by providing any personal experiences, it’d be greatly appreciated. Feel free to answer as few or as many questions as you’d like! 😁
1. What math/ formulas are involved in the process of analyzing a deal. I know ARV, and MAO.
2. What are some easy indicators of a good deal, and inversely of a bad deal.
3. What are the hidden costs involved in wholesaling.
4. What does the timeline for a wholesale usually look like.
5. What should happen before you put a deal under contract.
6. Is it worth it?
7. What are some hidden dangers.
8. What people are involved in an average wholesale deal? (Is it just you the buyer and the seller)
9. Should you disclose to the seller or agent that you are planning wholesaling the property?
10. Who could i/ should I talk to, or get to know before I start? (Attorney, Lender, Realtor, Broker, Contractor, etc.)
If you’ve made it this far, you are the best!