Wholesaling Real Estate

[Dajuan Wortham]

What’s your opinion on wholesaling? I’m 17 years old looking to get involved in Real Estate.

[Jimmy O'Connor]

@Dajuan Wortham ! Welcome to wholesale. It's a grind. I really want to back up what @Stephen DeThample stated. We are in the business of somehow getting the seller a price that satisfies their needs while presenting a discount to your investor while still looking to get compensated for your efforts and hustle. Wholesale is made SIGNIFICANTLY easier from repeat business. Most of my success has some from a handful of relationships I've worked on and did right by my clients on BOTH sides of the transaction. Not every deal will go smoothly nor leave a pleasant taste in everyone's mouth, but strive to do so. You and I happen to be in a wholesaler dense market in Philly, it explains why every other light post is littered with "We buy houses cash" bandit signs (don't do that). Build your reputation on integrity, that ALONE will set you apart from 99% of the standard wholesaler in this market. Might not get you a quick and easy buck in the beginning, but it will pay dividends later. A majority of your early deals probably won't be that juicy, I would suggest taking a haircut to gain relevance to your back end buyer or seller. The bigger fees will come later, and when they do, know you earned them. I wrote a reaaaallly long  breakdown of what I consider best practices in a post a couple days ago: The 10 Commandments of Philadelphia Wholesale

 Be cautious of "gurus" and do not pay for their courses. There is no secret sauce, this is a game of hustle, discipline, and consistency. If you hear the pitch "Will you be thinking about the $ ##,###.## investment after you've closed so much more from what you'll learn in this method??" then turn the other way. These kinds of courses are predatory and lure you in with some obscure and trivial nugget of info that to make you think they are holding a bounty of knowledge. Then they offer a more affordable way of paying for it if you bring a buddy or two along. Experience and impromptu conversations with your valued investors will teach you way more than some overpriced video course that tells you what font of mailers and the basic functions of prop-stream.

Shoot me a message anytime you want, I'm jealous that you started your journey this early in life.