How Do You Start A Wholesale Business In Real Estate?
First-time real estate investors often run into the problem of finding deals but not having the money to do the deal. While it can be possible to find no-money-down deals, it is usually necessary to have some money to put into a deal. Many investors turn toward wholesaling to generate cash to use for future deals. This is where you find a motivated buyer, get the deal under contract, then find a buyer and either assign the contract or do a double closing. Find wholesale buyers first. This sounds counterintuitive, but you need to find your buyers/customers first. Rehabbers are going to be your best customers. Some of the best places to find them are at real estate investor association meetings and at foreclosure auctions. Get their business cards and ask them what types of properties they buy. Compile a database of buyers. Find birddogs. These are people who are going to find your properties for you. You want people who can find vacant and/or distressed properties. Offer to pay them a s
