| I live in Chicago and I wanted to invest in real estate. | | | | putting them around Home Depot and on the ground |
| Since I used the same excuse others do about not | | | | near stop signs and red lights. If you are looking for |
| having money, I looked into wholesaling. Wholesaling | | | | buyers, have them say "Fixxer Upper for Sale, 50K, |
| real estate is the art of putting a motivated seller | | | | 555-555-5555", for sellers say, "I pay CASH for ugly |
| and a cash buyer together and getting paid for | | | | Houses 555-555-555". Put these signs throughout your |
| brokering the deal. Now, there are times when this | | | | area, but not too many as it will be annoying and less |
| may look a bit overwhelming, but trust me it's not | | | | relevant. I would also post ads on online classified ads |
| that bad. No matter where you live, wholesaling is | | | | and say you have properties for wholesale. By just |
| possible, even if there are not many investors in the | | | | this, your phone will start to ring. |
| area. In order to get started, I suggest you do the | | | | Documents: Having the proper contracts and docs |
| following in order. | | | | lined up are just as important as any part of the |
| Find Investors: Go to your local REIA and investment | | | | process. Just use a standard real estate contract for |
| clubs. Go to Google or Meetup(dot)com and search | | | | now. To learn how to fill these documents out, just |
| for real estate investment groups. Network with as | | | | get in touch with your local investors you met and |
| many people that are at the events and ask them | | | | have them explain it to you. You must have an |
| the following questions: | | | | Assignment Contract too, that you can get from me |
| "Where are you currently buying property?" this will | | | | if you want it. That's all you need people, 2 |
| let you know if they are active or new. | | | | agreements and your wholesaling, sort of. |
| "Are you looking for cash flow or a flip?" This will let | | | | Team: You will need a good attorney who can advise |
| them know your know something and you will learn | | | | and hold your deposits in escrow to solidify your |
| what their strategy is. And finally, | | | | contracts. Most buyers will be using their own |
| "How can I help, I am new and want to learn?" Ask | | | | attorneys, so your attorney could just be the bridge |
| this only to investors around where you live and who | | | | from you to both seller and buyers' attorneys. This |
| are experienced. | | | | helps make sure the deal goes smoothly and |
| Advertise: You will want to buy yard signs and start | | | | communication is open. |