All Forum Posts by: David Bokman

There are NO inspections during a wholesale transaction. The buyer is buying the property "As-Is" and 99% of the time these transactions are cash deals.  No inspections take place.

Experience....link up with a few local investors or contractors to give you some tips. Cost could be different from area to area and house to house. I'm sure if you look at comps in the MLS you'll be able to see whats in "good,bad, ugly and amazing" condition and the prices should also give you a clue.

Wholesaling is a sales and marketing business.....period. No leads equals no deals. You have to have to marketing campaign to at least 6months and understand real estate, construction cost, etc etc... having access to the MLS also helps. So yeah, if you have all of those things than yes...find a deal/sell a deal.

Yes, as a wholesaler you A make a deal with a "motivated seller" you than put them in a contract with the intent to close if you wish with a clause that allows you to assign the contract. You than B find a buyer and negotiate a price. Whatever the difference is your assignment fee. You are assigning the buyer the rights to your original contract with the seller. You never take title. Your fee is paid off the hud, if your trying not to disclose your fee to the seller than some people do a double close and actually close on the property. 

@Brad Chandler Saw your posting, I'm a local investor and very active wholesaler in the Philadelphia region. I am doing deals on a monthly basis and have a strong presence in my market. Feel free to reach out and we can set up a time to chat if interested.

Best,

David B

Don't take this the wrong way but it sounds like you need a plan. Working at a mortgage company as a loan closer has absolutely nothing to do with flipping homes. Flipping homes is no easy task and requires a lot of knowledge and expertise otherwise you will lose ALOT of money in the process. Also, being in real estate is sales. Everything we do requires sales and marketing. 

I'm a local investor and very active wholesaler in the Philadelphia region, feel free to connect anytime.

Best,

David B

What type of investing are you trying to do? Whats your plan? There are plenty of real estate events and organizations all throughout the city. Go to Meetup.com and type in "real estate" you'll find everyone.

What do you invest in??? What are you looking for? 

Theres already some great advice above....I'll just add that not every wholesaler is created equal nor are there "deals". The way you make your offer should never really change regardless who your buying from. Anyone will tell you that the real profits and wealth come from how you buy. I would just make an offer based on your due diligence and go from there.