New to wholesaling, where do I start?

[Andrew McManamon]

Hello everyone, I've been doing a great deal of research about wholesaling and I'm getting a better understanding of how it works, but where do I start? I understand the concept of finding motivated buyers and sellers, the contracts, assignment or double escrow, but what's the best way for me to just dive right in without having to spend a fortune on mentors who turn out to be real estate gurus? Also, I'm 19 years old and don't just have a lot of money to throw around. Any advice would be much appreciated! Thank you, Andrew McManamon

[Mateusz Prawdzik]

@Andrew McManamon I started where you were just 10 months ago, and I must say that experience and just getting into the business is the most important thing. Even if you don't know what you're doing, just start and connect with people that will direct you in the right direction. I would do D4D (driving for dollars), write down address that are or looked distressed or like people don't care about them, and then go and make a list for yourself to mail letters to. You don't need much money to get started, if you read some of my posts where I tend to preach about this you will see that money isn't everything in this business, tho it is a big part to it. What you can also do is bird dog or look for leads for investors or wholesalers. So same concept, drive around, write down addresses and instead of you sending letters and doing the work, you send it out to wholesalers and they pay you a fee if they close (usually 500-1000$). Now I never did this because you want to learn as much as you can, and handing over leads to someone doesn't teach you anything.

If you have any questions, connect and ask away. I was just where you are not too long ago and I have grown quite gaining lots of experience in the process.