Wholesaling, NEW to real estate investing.

Wholesaling, NEW to real estate investing.

New to Real Estate · Lancaster, PA · Member since 2019 · 30 posts · 22 votes

I am about a year into my real estate investing career in Lancaster, PA. I have one property and  have been putting offers on others. After this second property I will need another source of income to continue my investing career. I have a full time job working over 50 hrs a week,  I've heard all the great stories on wholesaling and how you can make thousands on one deal! I do have a few questions. I've done some research and I think I will try out Batch leads for skip tracing and building my lists. I have 3 investors I know and Facebook investing sites I think I could source deals to. But here are my biggest questions.

1st. Where can i get a good contract that has a "out" if i cannot find a buyer. Is this a thing? if so should i have a real estate attorney write one up? or are there good ones out there for cheap. being stuck in the deal without a buyer on day 10 is a scary thought.

2nd. I Noticed that batch leads is a little pricey. I know I could go drive around and write addresses down, but I will only have 2 days a week/ 3 hours at a time to do this, with my busy life style  I think batch will probably be best because it already has everything integrated into their system.

3rd. when using services what works best?  postcards/txt/cold calling/direct mail/posted signs.

4th. Is there someone willing to have a chat with me on wholesaling? we could do a call or talk through BP, a Local investor preferably. 

thanks for any insight and always appreciate the education.

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  • Member since 2021 · 13 posts · 3 votes
    4y

    Hi Steven!  I’m a new investor from Reading, PA.  I’ve also thought about not having a buyer after the time period on the contract.  I’m thinking if the deal is good enough, in this market, there should not be an issue.  I was thinking of starting with direct mail and driving for dollars.  Working on my phone script trying to find a good one and tweak it to my liking.  I wish you much success!

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