http://REtipster.com/?p=3501 In this conversation with Braden, we cover the following questions: - Can you give us a quick overview (in 30 seconds or less) of what "wholesaling" is? - How did you get into wholesaling? What made you pick this niche of real estate, and how did you learn to get so good at it? - In your opinion, what is the biggest misconception that beginners have about wholesaling? - Can you give us an idea for what your typical pay day looks like from one of these projects? - How much time does it take for you to work an entire wholesale deal from start to finish (how many hours of actual "work" per "paycheck")? - What has been your most effective strategy for finding sellers who are willing to sell at prices that are low enough for you to make a profit? - My understanding is that when you are assigning a contract like this, you can only be working with cash buyers (i.e. - investors who don't need to rely on bank financing). How exactly do you find these people? Are there any methods or techniques you can share? - How important is it to have good sales/negotiation/people skills in this business? - If people are watching this right now and they feel that sales/negotiation ISN'T one of their strong suits, do you have any tips or ideas for how they can get better and/or more comfortable with it? - When you're making offers to the various sellers you work with, how do you come up with these offer prices? Do you just lowball it, or is there some complex equation you use to come up with this number? - Being the middle man in these transactions (and knowing how much you can make in your role), how common is it for either your buyer or seller to go behind your back and try to avoid paying your assignment fee? Is there any safeguard for this kind of thing? - Do you ever have buyers or sellers who question the kinds of profits you're making on these deals? Do they even know how much you're making, and is there a way to keep them from finding out about this information? - At what point in this process do you actually get paid, and how often do deals fall apart before you actually get to this point? - What would you say is the most difficult part about wholesaling?