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Bird dogging and beginning wholesaling are not the same, although there are a lot of similarities between them. The control over who has the buyers is the largest difference.

Let’s say you are interested in getting started wholesaling properties but not sure what the state laws are concerning this kind of real estate transactions and you don’t want to break any laws unknowingly.

OK, I will be very frank with you. Hoping to sell the house to a rehabber when you don’t know any is like hoping to sell peanut butter in the middle of the desert. If you get lucky, a rehabber may find out about your deal and get interested, but I definitely recommend building the buyers list and be sure you can sell the property before you bought it.

When I first started out I had no properties for sale. What I did is I went to as many investors as I could find and asked them if I could market their properties. They were more than willing to pay me if I brought a buyer and because it was free.

Generally, the banks price properties too high because they are in the business of lending money, not real estate, and as a result often they do not have a good understanding of the real estate market. Also, most banks are large, they have specific policies on dropping the price on a property based on how long it has been on the market.

The following are the benefits of working with real estate wholesalers when you look for your deals.

Let’s take the situation where you are looking at a REO for which they want 25k and they have just come down from 29k. Apparently, the bank did not really look at it because it isn’t worth that. To rehab it the house would have to be gutted; the only good part of the house is the structure. You don’t want to rehab it yourself but you would like to flip it if you could get it for a really low price.

There are times in your life when in order to change your future you have to make decisions that others may question.

I have a few tips for you on how to be successful in the rental house business. First, do some research to find out where rental homes are needed.

If someone drops you in a new city and tells you to buy a good real estate deal in about 3 hours, here is what you should do.