Adice for a new Wholesaler

[Dave Brehmer]

As somebody who is looking into ways to get into the real estate industry I have been trying to read every forum I can find here on BP. I have developed an interest in wholesaling for a couple reasons:

1. In relation to other types of REI, I do not need a large amount of funds to get started.
2. It is something I can do along with my full time job (Project Engineer for a General Contractor in the Bay Area).
3. It provides a way for me to get into the industry, and potentially lead to other types of REI (my long term goal).

After scouring BP to get all the information I can, I know that it is not as easy as the gurus make it sound. I expect a lot of work will be required, and even then the odds are against me.

I also have read that "Wholesalers" may not have the best name around the industry and a lot of investors do not like to work with them. Which opens up another discussion about the ethical side of it. But when I try to market an accurately represented deal (AFV and Rehab costs(using my construction experience)), do investors tend to look at the deal or just assume something is wrong becuase I would be calling myself a "Wholesaler?"

I have the steady income and the resources to get started on this and work at it for an extended period of time, but I would like to hear from some experienced fix/flip & buy/hold investors about wholesaling.

Thanks.