Beginner Invester wanted to learn how to wholesale

[Tyler Jorgensen]

Good afternoon everyone!

I'm military and will be moving in September. While I can't make any deals happen nor do I have any deal under my belt I thought with the time I have left, I'm going to set a goal to do a single wholesale before September. I'm in the Las Cruces/El Paso area and I've been trying to do research on where would be a good start to learn. I've called and messaged a few people in the area but I'm not finding any wholesalers to partner with and I don't have the cash to be buying lists from websites.

Can anyone help me get pointed in the right direction so I can get started? This is an effort to learn more than make money but if I could even just get one sale in the next 4 months, I'd feel like that would be a win.

[David Ramirez]

Hey @Tyler Jorgensen,

Invest the most amount of time educating yourself and learning from people in the industry that you look forward to. Instead of solely focusing on closing deals, make serving and helping people with your services your top priority. If you're starting out with limited funds for marketing, consider driving around to find distressed properties, skip tracing addresses for 14 cents, and contacting the sellers directly to see if they're interested in selling. You could also knock on doors and talk to people. Keep in mind that scaling the business will require investment in marketing. The cost per contract in wholesaling, which is the amount spent on marketing to get a property under contract, can vary depending on the marketing approach you take. In my experience, the cost per contract is around $5,000 

Best of luck!!