New to RE investing

[Charles Ramsey]

Hello all, I`m new to investing and too this forum. As a new invester what should I be doing daily. I want to go into wholesaling for now to build some experiance and funds. I`ve read some of the post on this forum and others what I gather from it is wholesaling = find property put under contract sell to buyer for profit I know it not as simple as that but it`s the general idea. So tomorrow what should be the first order of business?

Thanks All. Mike

[Michael Rossi]

Your first order of business should be to read EVERY SINGLE POST on this forum that deals with wholesaling. If you want to succeed in this business, you've got to learn the business. There is not a better way to start than reading every wholesaling post on the forum.

Mike

[Jeffrey K.]

Good advice Mike. Once you are done reading everything here, go to amazon a pick up a few books. Then get yourself a website and business cards. Next, go to a REI meeting and start networking. Let everyone know what you are doing. Then start pounding the pavement and following up on leads.

[J Scott]

In addition to what Mike and Jeffrey said, you should be looking at LOTS of properties. Make a goal of looking at 20 a day (or 30 or 40).

Only by looking at lots of properties will you start to get a feel for what your market is like -- the condition of houses, the market values, the types of properties that are selling and being bought, etc.

[Adrienne Dupree]

You should pick an area and find out everything about that area - different types of houses, houses sold in the last three months, houses for sell, how long houses stay on the market, average value of homes, etc. When you are an expert in an area and know how to estimate after repair costs, you will confident making offers.

[Scott Allan]

Here is what NOT to do...get sucked into paying thousands of dollars to so called gurus that prey on vulnerable newbies.

Here is what I did. I went to a lot of forums and blogs...read them all. Got a book, read that, and started networking. Get your RE license and hang out in a real estate office a few hours a day. You'll be ready in a year.

[Curt Davis]

I always love it when someone say things like " Im new to real estate and I want to just get started and wholesale to get started and make money " Ok.... listen, Wholesale investing is not something you just wake up and decide to do. You need a lot of experience if you plan on doing it the right way.

Like a few others said, you need to read books, network with other wholesale investors ( preferably not the ones who are small time investors ) and start to learn whatever market you want to get involved in. You need to mentally train yourself to be the best in your niche market.

Keep your head up and do your homework. Make sure you get started the right way.