How to Start Investing in Real Estate without Spending Money on Marketing
In order to find a good deal, you have to spend money to do some kind of marketing, don’t you? Whether it’s bandit signs, “we buy houses” ads, or direct mail, you have to pull out the wallet.
Not true. I have found that in almost any market, there are investors that specialize in wholesaling. You might be asking yourself, “What exactly is wholesaling.” Well, it’s when a property is contracted and immediately sold to another investor.
There are a lot of investors that don’t want anything to do with rentals or rehabs and prefer just to wholesale property. If you are looking for a deal and don’t want to spend money up front, find a local wholesaler. The local REIA (Real Estate Investor’s Association) is great place to start looking.
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Patrick Riddle:
Dusty Keefe:
Do you have a list of investors that do wholesaling?
I understand the concept of getting an assignment fee but I don’t know what paperwork is involved or who to contact to wholesale properties to.
I have a list of wholesalers in my local community but not nationally.
The best place to find wholesalers is at your local real estate investor clubs.
The only thing you need to get stared as a wholesaler is a purchase and sale contract. When you sign your name on the last page of the contract write, “and/or assigns,” after your signature.
You could also network with a local attorney to ask any questions to make sure your paperwork meets your states requirements.
Hey your blog is amazing, there is so much information on here for free. Any investor that is starting out or that has been in the business for years needs to read this blog. Keep up the good work, Patrick.