New to wholesaling and real estate

Orlando, Orange County · Member since 2026 · 2 posts · 2 votes

I found my first possible cash buyer I have to call them Tuesday because of the holiday. My question is; while I get setup with my mailbox, the title company buyers list, is it a good idea to try to find a seller, and assuming I am I allowed to joint venture the deal 50/50 with anyone interested. Or am I out of line. With my luck I'm probably out of line. But I have to ask.

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Jack T.

Investor · Los Angeles, CA · Member since 2016 · 69 posts · 14 votes

You're going to need alot more than one cash buyer. Build your list of cash buyers. That's the easiest part. The hardest part is finding a seller who is ready to sell and at a discount. Good luck out there and don't overthink it

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Igor Ganapolsky
Englewood, NJ · Member since 2018 · 356 posts · 60 votes
2w
Ramon, congrats on finding a potential cash buyer — that's actually the hard part for most people starting out.
To answer your questions: yes, while you're getting your mailbox and title company sorted, absolutely keep looking for sellers. The more deals you have in your pipeline the better, even if nothing closes right away. You're building habits and learning the process at the same time.
On the joint venture question — yes, JV deals are definitely a thing in wholesaling. You can partner with someone who has more experience or capital and split the assignment fee. A 50/50 split is pretty common when one person finds the deal and the other person brings the buyer or handles the paperwork. Just make sure you have a simple written agreement between you and your JV partner about who does what and how the fee gets split. Don't do handshake deals, even with people you like.
One thing I'd be careful about: if you're JVing with someone who isn't licensed, make sure neither of you is actually negotiating on behalf of the other. In Florida especially, there are rules about who can market properties they don't own. Keep it simple — you find the deal, you put it under contract (or have a JV partner who does), and you assign the contract to the end buyer.
Good luck with the call on Tuesday. Let me know how it goes if you want.
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Josiah Garcia
Member since 2026 · 230 posts · 35 votes
2w
Congrats on finding your first cash buyer—that's a solid step. On the title side, you don't need to wait for a mailbox setup; just make sure you can access the title through the county recorder's office online or request a copy directly while you're getting your mail sorted. The key is having clean title info ready when you call Tuesday so you can answer any questions they throw at you. Let me know how that conversation goes—those first buyer calls are usually where you learn the most.
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Jack T.
Investor · Los Angeles, CA · Member since 2016 · 69 posts · 14 votes
2w
You're going to need alot more than one cash buyer. Build your list of cash buyers. That's the easiest part. The hardest part is finding a seller who is ready to sell and at a discount. Good luck out there and don't overthink it
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Michael Eskenasy
Investor · Pacific Northwest · Member since 2026 · 511 posts · 286 votes
2w
You’re not out of line at all. I’d keep looking for sellers now — you don’t need to wait until every piece of the backend is perfect before building the pipeline.

The part I would slow down on is automatically offering 50/50 on a JV. First get clear on what each person is actually bringing: Did you source and contract the deal? Are they bringing the buyer, underwriting, transaction experience, or handling disposition? The split should follow the work and leverage being contributed, not just default to 50/50.

Also make sure you’re working with a title company or attorney that actually understands assignments and wholesale/JV transactions in Florida before you start signing things.

If you find a potential deal and want another set of eyes on the numbers or structure, post the details. That’s a much easier place to figure out what kind of help you actually need.
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Crystal SmithPro Member
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Real Estate Broker · Chicago, IL · Member since 2014 · 2k+ posts · 1k+ votes
1w
Quote from @Ramon J. Hernandez:
I found my first possible cash buyer I have to call them Tuesday because of the holiday. My question is; while I get setup with my mailbox, the title company buyers list, is it a good idea to try to find a seller, and assuming I am I allowed to joint venture the deal 50/50 with anyone interested. Or am I out of line. With my luck I'm probably out of line. But I have to ask.
You should constantly be looking for buyers and sellers.
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Ken M.
Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
1w
Quote from @Ramon J. Hernandez:
I found my first possible cash buyer I have to call them Tuesday because of the holiday. My question is; while I get setup with my mailbox, the title company buyers list, is it a good idea to try to find a seller, and assuming I am I allowed to joint venture the deal 50/50 with anyone interested. Or am I out of line. With my luck I'm probably out of line. But I have to ask.
Do you know the legalities of wholesaling? I'd first meet with a an attorney in the state you want to wholesale. There is a difference between selling a house and selling the contract, how you can market, what you can say, how you can process, for instance.
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Travis Goodwin
Wholesaler · Charleston WV · Member since 2026 · 219 posts · 120 votes
1w
You are not out of line at all. I would actually focus on finding sellers instead of spending too much time getting everything perfectly set up first.
A cash buyer is great, but you need opportunities to bring them.
If you find a good deal and do not know how to structure it or move it yet, partnering with an experienced local investor can be one of the best ways to learn. I would gladly give up 50% of my first deal to work alongside someone who actually knows what they are doing.
Just make sure you understand your state's laws and what you are legally allowed to do before putting properties under agreement.
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Divin KanyamaBusiness Member
Accountant · Seattle, WA · Member since 2025 · 149 posts · 39 votes
1w
You’re not out of line for asking, @Ramon J. Hernandez . You can keep looking for motivated sellers while you build your buyer list and finish setting up your systems—the important thing is not to rush into a contract you cannot perform on.
A 50/50 joint venture can make sense if the other person brings real value, such as a qualified buyer, funding, experience, or help closing the deal. Just agree in writing on each person’s role, expenses, profit split, access to the seller and buyer, and what happens if the deal falls apart.
Before marketing or assigning anything, make sure your purchase contract allows it and that your approach complies with local wholesaling and licensing rules. An investor-friendly title company or real estate attorney can help confirm the structure before you sign.
Keep taking action, but focus on learning the process and building dependable relationships rather than forcing the first deal. Finding one potential buyer is a good start—now verify their criteria and proof of funds so you know what opportunities to target.
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