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Quick question on next step in wholesaling process..

Posted on: Tue, 08/23/2011 - 17:34
Quick question on next step in wholesaling process..

Hi everyone,

I have my list of properties back from my realtor, and have followed the Matt Larsen technique (as is or vacant, starter homes, needs tlc/handyman special, etc) to further weed down my properties.

So before I put out any offers on this group.. What is the next step that I should do?

- At this point, Do I need to:

evaluate the particular address as far as crime levels, being nearby high-grow potential areas, being in demand, etc)?

get comps/est value numbers form property tax records, zillow, realtytrac, agents CMAs, etc?

OR does none of this really matter until you get an offer accepted (then within the inspection period you would handle researching all these details)?

Just trying to figure out what is most efficient way for me to be protected but still get out ALOT of offers on these type properties..

Thanks very much for your help, and have a blessed day,

Mark

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Posted on: Wed, 08/24/2011 - 05:24 #1
next step

Compare the list of properties with what your investors are looking for to see if there are properteis that do not fit their criteria. Next you want to go look at the properties and when you look at them have your agent bring you comps for the properties you are looking at. When looking at the properties determine what work needs to be done and get an estimate on how much it would cost. Then run your numbers and start making offers.

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Posted on: Thu, 08/25/2011 - 00:09 #2
The Wholesaling process

Can someone give me a better idea on how wholesaling works? I have a few agents, title companies, etc, and plenty of properties as well as investors/buyers. Wanted to do assignments and am not having much luck (the agents are saying assignments can't be done). Any help would be greatly appreciated.

Thanks,
Dave

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