i wanna know is wholesaling a house really as easy as they say, does it really take less than 30 days , i wanna hear some advise from those who actually done it , im getting tired of reading it on books, please somebody give me some advise!!!..
Theres a few factors involved
- price-the amount you can get them down to and how much below FMV.
- they usually need to be in a situation that they NEED to sell(bankruptcy,foreclosure,job transfer,etc.)
3)Then you need to have your investors or buyers lined up and market it.
So there is some factors and there is some work that needs to be put forth on your part.As far as it being a piece of cake,just remember that you need the icing on it to to complete it.
The quick answer is, yes you can do it in under 30 days, but you have to commit time, energy, and resources to it.
The biggest mistake most beginners make is that they think that riches will come to them quickly and for minimal effort. Carleton Sheets says you can buy property ‘No Money Down’, which is true, but he doesn’t tell you how much time and marketing $$ it will take to get things going.
This is a business, and you can be a success at it, just don’t think you can snap your fingers and deals will fall in your lap.
right i do agree you do need to work hard , but since i havent done one yet , its a little harder for me , i am trying my best to skip trace on vacant houses and driving around looking for ugly houses , i do have good houses ready , its just the skip tracing thats new to me , sometimes i find my self doing 3 things at once and thats whats making me fall off, and get distracted, finding owners to vacant houses is whats really getting to me but im still not giving up, if you have any advise on how to find owners that would be very very helpfull thanx… 
My advice is outsource the tasks you either don’t enjoy or are not good at. So if you aren’t good with skip traces, find someone that is and team up.
I do not enjoy running or negotiating short sales. I do enjoy buying them though, so I have a few people that I have negotiation the shortsales for a fee of course.
How do you find others to work with? Easy, show up at local RE Clubs and get involved. Now don’t go up to a seasoned investor and ask how they can help you. Rather, ask how you can assist them. That will get you in, learning, and earning much faster.
To find the owners of properties…
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Go to your tax appraisial office they have info on where they are sending the tax bill to, or least the last known address. If they tell you they are not getting the tax bill paid, then there you go maybe they are behind and this would be a lead for tax lien buy… Most areas have tax attorneys that handle the sheriffs sales…go introduce yourself.
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Team up with a Realtor to help locate property owners…but keep in mind it is not fair to WASTE a Realtors time with bogus or fluff. Tell them who what where how and why, make sure they get something in return too. Like every house they help you find & buy you will give it to them to list for you…
Every “skip tracer” I have found costs so I choose to keep my costs as low as possible and go other ways…