Tips for beginner attempting to wholesale and have cashflow through rental property

[Corbin Revell]

Hello there BP, I'm looking into wholesaling in my local area if not out of state (we'll see in the near future). My plan is to get into a fourplex property using an FHA loan while making 1-2 wholesale deals a month if possible while maintaining my day trading business. I am very dedicated to learning and willing to exchange my time, effort, and full attention to learning this field of investments. Any and all tips, responses, or criticism will be greatly appreciated.

Sincerely, Corbin Revell

[Corbin Revell]

Quote from @Account Closed:

Quote from @Corbin Revell:

Hello there BP, I'm looking into wholesaling in my local area if not out of state (we'll see in the near future). My plan is to get into a fourplex property using an FHA loan while making 1-2 wholesale deals a month if possible while maintaining my day trading business. I am very dedicated to learning and willing to exchange my time, effort, and full attention to learning this field of investments. Any and all tips, responses, or criticism will be greatly appreciated.

Sincerely, Corbin Revell

Have you done wholesaling before or is this a new endeavor?

Tips: one of the biggest wholesalers in Phoenix, thus the country, says it takes 20,000 phone calls to become proficient, takes $2,200 in expenses and takes 20 hours of talking to potential sellers (not dreaming about calling sellers, not time spent planning, not learning time, not leaving voice mails time. but actual conversations to get a deal. Oh, and if you care what people call you, sell ice cream bars instead. Much nicer people.

And he says maybe 2 out of a 100 that try wholesaling actually do a deal and a fraction of those do a second deal. Almost all who try give up in the first 6 months.

Sounds like the numbers for a  new real estate agent to me.

Now, this part is me talking

It is not actually real estate, it's "sales". Good sales people can find leads and sell a product. It's no different with houses.

Sales people are trained, not born.

Thank you for responding. To answer your question this is a new endeavor. I am currently just going down different avenues through honest trial and error and not praying and hoping but genuinely giving it my all to try and make a way in this field of business. I am aware of the failure rate of wholesalers and see it as a challenge. Wholesaling may not be for me at all but I am willing to find out. Do you have any sources you'd suggest in relation to becoming a better salesman?