Wholesaling houses is all we do.  That is our particular real estate investor niche and our particular area of focus.

So you want to know how to wholesale a house?  Let me give you the big picture steps.

1.  Find the Property.

We spend thousands of dollars to find the wholesale property for you.  We screen the sellers of the real estate, we filter out those who can’t sell out a discount and find something that is workable.  We handle the phone calls.

For every 100 calls we screen, one may make it to the level of deal.  That is where most of our time is spent — finding the property for you.

2.  Put the property under contract

Get a contract on the property with the seller.  Make sure that your real estate contract is valid for your state.  Make sure that you have clauses to back out of your contract with the seller.

We make sure that we have a time limit built in and that the seller knows that we will locate an investor from our private buyer’s list.

3.  Photos and Videos

Have photos made of the property and if you good at assembling them into a video, make one.  Put  these on your website.

4.  Put the property in front of your buyers list.

Post the links you created to advertise your house online and send them to you buyers website and publish the link to your wholesale buyer’s list.

5.  Expand your marketing.

Use the free online classifieds to market the property link as well as the link to your buyer’s list so that people can sign up for it.  I have found that with almost every house, using the free online classifieds brings more buyers to my list for the next possible house.

6.  Find your buyer and get their deposit.

Once you locate your buyer, get the property under assignment and collect that deposit.

7.  Take it to closing.

 

These 7 steps are the basic process that I use to wholesale houses full time.  The bulk of the work is done in the marketing and screening of seller calls.  We handle all that so you don’t have to.