Newbie Looking to learn about Wholesaling

[Denise Beaumont-Toon]

Hi My name is Denise Beaumont-Toon, I live in Gloucester VA. I am very new to this Real Estate world and would like to begin with Wholesale and to find buyers willing to purchase contracts. Also, to build a team and become part of a community of like minded people. This is a big step for me and its a little nerve-wracking however I know that everyone had to start somewhere. I am excited to learn all that I can.

[Steven Foster Wilson]

Hi Denise, welcome to BiggerPockets! 

Wholesaling can be a great way to get started in real estate investing, as it requires minimal upfront capital. It can also help you build relationships with potential buyers and sellers. I would say that you should only do this if you are fully committed to it. 

Connect with local investors, Attend local real estate investor meetings, connect with investors on social media, and reach out to real estate agents who work with investors. You'll mostly find them in groups nowadays. Focus on marketing, your primary job is to find great deals and connect them with buyers. This means you'll need to be skilled in marketing and sales. Even consider investing in a professional website, building an email list of potential buyers, and using social media to promote your deals. Crunch your numbers, you need to be able to accurately estimate the value of a property and the potential profits from a deal. This means understanding how to calculate repairs costs, determine ARV, and negotiate with sellers to get the best possible price. Lastly, be organized. Wholesaling can be a fast-paced and high-volume business, so it's important to stay organized and keep track of your deals and contacts.

Hope this helps. All the best to your real estate journey!