Talk to me about Wholesaling?

[Nicholas Zavala]

We were interested in flipping homes from the start, but with us remodeling our own house ourselves, we just don’t want to get into flipping other properties at the moment. What is the first step in wholesaling? I’m a full time Lineman, and of course make decent money for the dangers of the job. I want to get into wholesaling on the side, not only to expand my knowledge with the real estate investing, but to have that extra cash to further my real estate investments later on down the road when we do decide to flip houses. From my understanding, wholesaling is one of the easier ways to rack up some cash without putting any of your own money in, in certain circumstances. I feel like I would have more time with wholesaling right now, at least until we finish our own home. 

[Michael Dumler]

@Nicholas Zavala do not mistake wholesaling for being easy and having no upfront costs, it is a full-time sales job with a lot of rejection. At the end of the day, wholesaling comes down to finding and building rapport with motivated sellers. If I were you, I would continue to practice analyzing deals and become a pro at running your numbers. The last thing you want is to get a property under contract only to realize that it's not a deal. This will simply piss off and waste the seller's time given you won't be able to produce an end buyer. I'm not saying wholesaling is impossible, but the businesses that are getting deals under contract have their systems in place and are utilizing high-volume marketing tactics regularly. Hope this makes sense and helps!