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Updated over 2 years ago on . Most recent reply

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What are the best/Tips for people trying to get into Wholesaling

Elijah Dominguez
Posted

Hello everyone, 

I'm 18 years old and I've seen a lot about wholesaling/real estate. I've been studying this past week for wholesale as I think it's the easiest, for the people that have been doing wholesaling for the past 20+ or even their whole lives. What are questions/strategies I should be looking up? What are the main things I should know and where can I find this information? Where did you the Wholesaler that's been doing this since I was in diapers learn everything? What's one of the biggest things your mentors told you? If you didn't have a mentor whats one of the biggest things you found out yourself? How Does a contract work? I feel like I'm not asking the right questions as I'm still a beginner I hope that some of you will be able to help me and lead me in the right way to learn how to be a good Wholesaler. 

Thank you!

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Scott E.
  • Developer
  • Scottsdale, AZ
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Scott E.
  • Developer
  • Scottsdale, AZ
Replied

It is awesome that you are thinking about getting into real estate at such a young age.

Your post shows that you have a lot to learn, but that's to be expected.

First I want to warn you that wholesaling is not easy. Not at all. Gurus like to make it sound easy since it has a low barrier to entry (not much up front capital required). But in reality, it's a grind and a full time job if you want to make real money at it.

I recommend you link up with a local wholesaling company and see if they are trying to fill any positions. Learn the ropes from the pros, and then maybe down the road you can branch off and do it on your own if you feel up to it.

New Western is a pretty big local wholesaling group. I have no affiliation with them but just recommending them as a company you should reach out to.

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