There are two concepts that a person must grasp in order to start as a wholesaler of real estate if they have bad credit or no money.
1. You don't need money
2. You don't need good credit
I know how this sounds. But you can find sellers and connect them with buyers and make money doing it. That's what I do all the time.
I would like to have discussions on how to do this and help new investors get started in the business.
If you are someone who is interested in doing this but don't have the resources, you are in the right place in this blog. That's what we want to explore here.
Leave a comment below and ask your most pressing question.
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9 comments:
Ray,
I'd like to learn more about wholesaling. is this something that is hard to learn? If you only have a few hours a week available, can you still do this? How do you find these properties and than find buyers for them? I'm interested but need more info on this field. Thanks!
Adam,
Thanks for visiting my blog. Wholesaling is by far the best way to start out in investing if you have no experience, no credit, or no money.
There are many distressed homeowners out there that need help with their properties. Situations like foreclosure, divorce,death in the family, need to relocate quickly, and many other life situations put homeowners in a position of needing to sell quickly and for less than the value of the property.
You can find these properties many ways. Local classified ads, visiting the courthouse, driving neighborhoods, and many more.
Buyers are advertising all the time in the local papers, "We Buy Houses" ads and ads with similar headlines belong to investors looking for good deals on properties.
There are local investors in your area that can be located by scanning the classifieds, running investor special ads, searching the internet, talking to real estate agents, etc.
Putting the two together is how you make money as a wholesaler.
You can start as slow or as fast as you want. I would begin by compiling a list of investors as I actively seek for the right property.
In my ebook you will find all the details you need and you can work at your own pace.
By the way, I'm still looking for my 3rd student for one on one training for just the cost of the ebook.
Hope you found this helpful. Feel free to post your questions any time.
I MIGHT HAVE A WHOLESALE DEAL FROM
I GUY I WORK WITH BUT I DON'T KNOW WHAT DO DO NEXT e-mail at
wildes@verizon.net
Hey John,
Tell me a little more about the deal. Does he own the property outright? If not what does he owe and how much is he willing to sell it to you for? What is the property worth fixed up? How much work does it need? Tell me everything you can about the deal then I can help you come up with an offer price and find a buyer.
Ray,
Noticed your auction on ebay and put in a bid on your book there. If I win the auction, can I sign up for your one-on-one training also?
Thanks,
Adam
Adam,
Yes, I will give the one on one email support. After you pay for the ebook, send me an email and we can get started.
Ray
Ray I want so badly to get started as a realesate investor but I don't know were to start. I also want to have a tutor or a coach. please let me know if youcan help me.
Anonymous,
Give me a call at (903) 436-7060 and maybe I can answer some of your questions and help you get started.
Ray,
Im interested in wholesaling houses in California. I live close to Sacramento,about a half hour away. And all the places i've read about wholesale deals going on are on the east coast. So could you please tell me if it is possible then where would I start. And would the same contracts work for my overpriced state.
Thanks!
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