:help I am a newbie to wholesaling…I am anxious to start but am not sure if i should focus on pre-forelosures or FSBO’s…
My concern (and lack of knowledge) with pre-foreclosures is how difficult are they to wholesale especially if the sellers owe more on house , or owe very close to what the ARV is… Does this happen alot? Is this type of scenario common with FSBO’s also?
Focus on generating leads, any leads. FSBO would be a good place to start. You
will find the most success with people that are not looking for a solution, but
are still motivated to sell. These are deals that other investors don’t know about.
You’ll have success in pre-foreclosures, but not that many pre-foreclosures that
have equity. You’ll need to negotiate short sales, which can be a long process,
especially for a beginner…