Wholesaling Coaching Guidance
Hello,
I am a new/aspiring real estate investor who is trying to move away from education and take action. I've been debating the best way to get into RE investing and I've landed on wholesaling as a way to create cash reserves and then turn that into a buy and hold investing strategy. I'm in the Columbus Ohio area and through listening to BP Podcasts wholesaling has been recommended as a great way to start. I am also in the process of getting my Ohio RE license and will have that completed by the end of April. (license in hand) In my research about wholesaling I've come across a coaching/mentorship program that looks pretty promising and some A-List people have used it and are getting great results. It is pricey (5K plus $197/month after 90 days for year) and I feel as if I'd be better served to use that money on actually investing in real estate versus a system/mentorship. However, because I'm stuck in this "Analysis Paralysis" stage and need to just take action I do understand the value of a mentor who can help me do exactly that, take action, by following a step by step system.
So my two questions are:
A.) What are peoples thoughts on wholesaling/buying and selling on assignment as a way to create cash quickly with regards to assignment fee's ? Is there a conflict of interest regarding doing so as a real estate agent in Ohio?
B.) Is investing $5,000 in a coaching program/mentorship unheard of? I believe in the system, like the people I've spoken with and in my short time meeting others who have done it respect them tremendously. It still just seems like a lot.
Thanks for any quick responses and help I can get!
Jared