Steps to Wholesaling

Bird Dogs, Wholesaling
1

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.

2

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??