Basic essentials to getting your wholesaling business started

Below are the three items that will help you get your business started and on the ground looking for your first deal.

  • Telephone
  • Computer with High Speed Internet
  • Transportation

A telephone is the most important item in your business, and since most people have a cell phone I would imagine you are already covered. I have done so many deals over the phone, I have done negotiating, learned about property condition, called contractors to give me bids so I don’t have to look at the house, you name it, the cell phone is by far the most important piece to this puzzle! You could even have Internet on your phone and make a wholesaling business work via the cell phone only. Of course this is going to be more difficult for a while until you have a seamless plan in place, but it’s possible. Having a Computer with High Speed Internet is a game changer. The first rule in real estate investing is taking action. If you are going to do this business, you need to be able to take action and take it fast. No hesitation allowed here, because you will miss out on many opportunities if you can’t make a decision and take action. Having a computer with access to information is going to help you in your decision making process. You should be able to find all the info you need on any property. A Computer with High Speed Internet is also going to give you multiple avenues of communication and give you more areas to advertise your business. Although you don’t need transportation, it’s very helpful to get started. Without having much experience in real estate or understanding values of your local properties, transportation is going to help by giving you the chance to look at properties in your market. You will educate yourself on values and learn the local area so you can be better prepared for the next deal. These three basic necessities are what I have used in my business, and of course you could manage with less but it’s going to be more difficult, and you will not be able to take action as needed.

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God Bless







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