Steps to Wholesaling

[rkmin]

Hi folks,

Let me know if these are the right things that a wholesaler must do:

1)  Find a motivated seller who is willing to sell their property at a discount.

2)  Run comps, estimate cost of repairs.

3)  Calculate your MAO.

4)  If the numbers look good, get it under contract.

5)  Find a investor-buyer and assign contract.

6)  Investor-buyer does the home inspection, title search and any other due diligences before closing date.

[cherdwelth]

Hi RKMIN!

You might move your # 5 step up to # 1 - find potential investors first so when you do run across a good deal - you have investors ready to go.

BTW - What is MAO??