Podcast 307 – What do You Need to Start Your Wholetailing Business?

Michael Quarles covers what you need to do in order to start your Wholetailing business, and more… Michael, will you ever give the seller an option to choose from one of the multiple offers eg. 65% cash offer, subject to- take over existing payments with little to no extra $? As far as business entities, Insurance, paperwork, phones. What is the bare minimum I need to get started wholesaling or whole tailing? I know you suggest going to get a DBA. When you go to meet with the seller and actually sign contracts do you use your business name or your personal name? I have one rental and plan on adding more next year but I assume that I will start a LLC when I get more rentals? There’s a lot of talk about having a physical address when you register a business name and need a mailing address. The thing I don’t hear much about is having a registered agent. In Indiana a registered agent only costs $49 a year and will forward all my mail to me. It seems like that will work in place of using a P.O. BOX or UPS store address. When marketing is it better to do a cluster campaign in one or two nearby zip codes or spread marketing dollars  over a wide geography? Does it matter? When using the two part seller script and the potential seller says the property is worth $200K, but you can see on Zillow that its worth only $180K do you start the 85% negotiation from $200K or $180K. More Podcasts! Listen to More Podcasts by Michael Quarles! – Click Here Listen to Recorded Live Seller Calls! – Click Here Listen to Interviews with Today’s Top Business Professionals! – Click Here Tweetable   What Do You Need to Start Your Wholetailing Business CLICK TO TWEET     Join Michael Quarles’ Gold Coaching Program CLICK TO TWEET     Text Investor to 313131 CLICK TO TWEET   Share the Show Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review! Click this link – The Michael Quarles Real Estate Show Click on the ‘Subscribe’ button below the artwork Go to the ‘Ratings and Reviews’ section Click on ‘Write a Review’ Resources Please send questions you would like Michael Quarles to answer to [email protected] and he will answer them on one of his upcoming podcasts! Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program Yellow Letters – www.YellowLetters.com Want to be held Accountable to your GOALS? – Text the word WEALTH to the number 313131 Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131