Starting out... and wholesaling?

[Uyenchi Ho]

I started out this REI venture with the intention of wholesaling. It was an invaluable experience because I was given insight into how to acquire properties not listed on MLS. I had to negotiate with sellers who wanted to sell their properties for cash, and I've met many wonderful cash buyers who were generous with helping me learn how to evaluate properties. Even though my husband and I own properties as accidental landlords (we held on to properties that were our primary residences), I wanted to try wholesaling as a way to get my toes wet in learning by experience how to actively invest in real estate. In a very short amount of time, I've learned so much about the industry and, more importantly, myself as an investor (what I'm comfortable with, good at, and would enjoy doing). So after many nights (and days) discussing with my husband, we've decided that since our goal is to own multiplexes, wholesaling no longer fits into our business plan. Since we have enough capital to buy a 4 to 8-unit plex, we will now concentrate on finding that gem. I will let you know how that goes.

Anyway - at the risk of posting this here instead of the "Marketplace", although I'm not even sure if that applies -  when I started this journey less than 2 months ago, I bought many great resources to accelerate my wholesaling business, which I no longer need. Without those resources, I wouldn’t even know where to start. If any newbie wholesaler who is looking into resources to help them get a strong start in their wholesaling business, please email me at UCREsolutions.com since I may have something you may be interested in.

Thanks and take care!