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Wholesaling
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Updated almost 4 years ago on . Most recent reply

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Samantha Carlo
  • Real Estate Agent
  • NY
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Complete newbie to wholesaling. SOS

Samantha Carlo
  • Real Estate Agent
  • NY
Posted

I’ve recently Started reading about wholesaling and I am desperate to get into investing. I have read four books on the topic, watched probably hundreds of YouTube videos, and talked to just about everyone I can reach. The only problem is that everyone has different advice and I can’t seem to gather a cohesive set of steps to follow. I’ve been driving for dollars and found just over 70 distressed homes on my list, and all I do all day is try to learn but I’ve just gotten no clue how to take the first action step or what it is.

I have no capital to invest (yet) which Is why I figured wholesaling was my best path, but I just really need some help. I’m willing to split my profits 50/50 with anyone willing to help show me what to do/how to close a damn deal !!😩 I just downloaded this app and I really hope that this isn’t against the rules to ask for, but I’m just so lost and I’m trying to do whatever I can to find someone who can help me learn. 

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Carl Flint
  • Rental Property Investor
  • Los Angeles
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Carl Flint
  • Rental Property Investor
  • Los Angeles
Replied

Remember that the properties you are looking to wholesale (distressed) shouldn't qualify for a traditional mortgage loan. This is a huge value point. Also, buying in "as-is" condition is a huge benefit to the seller. Half of the people who own these properties never think to sell because they know they will have to fix everything on the property first to list it. This can be a major value point to a property owner/seller.

Think of these people being in a problem and needing to sell their home but can not afford to fix everything nor has the time to list it.

I suggest keeping this mindset and finding a way to talk to the owners of these properties. That's your first step: Talk to the owners of the properties on your list that you've built and offer to buy their home in cashhh.

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