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Updated about 9 years ago on . Most recent reply

User Stats

2
Posts
1
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Anthony Way
  • Wholesaler
  • Minocqua, WI
1
Votes |
2
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Newbie from Milwaukee, Wi

Anthony Way
  • Wholesaler
  • Minocqua, WI
Posted

Hello everybody, my name is Anthony Way, and I am on my way to becoming a wholesaler.   I learned about wholesaling through Sean Terry, and I would like to use bigger pockets to connect with investors in the Milwaukee area.

A little about myself. I'm in my early twenties and just trying to find my way in life. I just graduated with a two year accounting degree, but I've already decided that accounting isn't for me. I would love to be my own boss, and real estate seems to be the catalyst to make that happen. Like most people, I'd like to start with wholesaling to raise capital to acquire buy and holds for passive income. Look forward to meeting you guys!

Most Popular Reply

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4,495
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6,466
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Marcus Auerbach
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
6,466
Votes |
4,495
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Marcus Auerbach
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Replied

@Anthony Way welcome to BP and congratulations to your graduation! You will find a lot of real world advice here and you can find answers to almost any RE question you will ever have. Buy and hold is definitley the way to go for passive income, but be aware that whole selling is a tough job and not necessarily the easiest route to get there. To become a good wholesaler you have to be a great marketer, understand ARV's very well and be an expert in rehab cost. And it's a lot of work! Don't let me talk you out of it, I just want you to have realistic expectations. I would definitley recommend to pursue a regular job as well - having a W2 income makes everything so much easier - like actually having a marketing budget. I could certainly not do it without a job. A good place to start is a house hack with a duplex for yourself. That will get you some much needed experience and as a nice side benefit - eliminate your housing cost. Just look for "house hacking" here on BP. And of course Brandon's famous BRRRR strategty ;-)

Good luck!   

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