New Wholesaler Seeking Advice

[Cristian Gaona]

Hello everyone, 

My name is Cris. New to the wholesaling and trying to find direction. Just created my BP account, looking to build relationships and learn as much as i can while being of any help to others. For the time being though, i would really appreciate some advice. 

I'm located in Northern California, Sacramento/Stockton area. I experimented on the acquisitions side of things statewide (Vacants, Pre-forclosures, HE lists) for about a couple weeks with no luck. Went online, enrolled in a wholesaling program to more so get a better understanding of the principles in wholesaling, which for the most part it gave me. I wanted to see what i was doing wrong but the program preaches a system of being the middleman in charge of bringing acq and dispo wholesalers together without necessarily doing the legwork. More so just getting on peoples buyers lists and forwarding any deals to our connections in the program which in turn gives us a smaller cut but more volume of deals without having to work directly. I figured it made sense for me to work a market virtually w/ this system considering California's market "appreciation" in it's current state and how difficult it seemed to find any deals. Some of the other people in the program are having some luck working the ATL & PHO markets which is influencing where i will start doing some outreach but I figured i'd get more seasoned investors to share their take and maybe help me see some things from a different perspective.

I know this system is not the most sustainable/scalable but seems to be the fastest way to get the ball rolling in terms of revenue as it's marketing is time consuming but free, basically just FB group outreach & direct messages. I would like to work my local market in California but what sellers ask for doesn't seem to leave me with any working deals and working direct to sellers/buyers out of state has its limitations.

Would you advise to persevere in California working direct with parties or taking the virtual approach in a different market? Any additional advice is greatly appreciated. Thanks for all your time and help in advance!

[Account Closed]

@Cristian Gaona Welcome to BP! Have you had the chance to read many books on real estate investing yet? While the online wholesaling program might seem a good place to start, I feel you are leaving a lot on the table. Specifically, you are performing middle man work on someone else's deal and linking people together. While that can be a place to start, you could be developing your own system, while networking with others. I highly recommend reading just two books, if you haven't already, that would give you everything you needed to develop your own systems. The "hardest" part is the daily action steps and commitment of time/effort to get it moving.

https://store.biggerpockets.com/collections/all-books/products/finding-and-funding-great-deals Finding and Funding Great Deals by Anson Young

https://www.amazon.com/gp/product/1259643883 Building Wealth One House at a Time by John Schaub

If you need anything, don't hesitate to reach out.