Wholesaling in Michigan

[Wes Gibbs]

Me and my friend are looking to get into wholesaling. I’m in the detroit market he is in flint. Looking to make connections and learn so we can land our first deal in the coming months.

[Joel Calkins]

@Wes Gibbs

First source your deal origination method. Are you going to drive for dollars, or pay for some distressed property website? Then you need to formulate you pool of cash buyers this can be your local REIA club, Facebook groups, or people here on BiggerPockets.

You also need to understand a little bit about basic contract law and what it means to get a property under contract and how to assign those contracts. You also need some equitable interest in the deal so you will need money.

Start figuring ways to get your name out. Try direct Mail marketing, or Facebook or Instagram ads. You can also think about starting an LLC for liability/tax purposes.