New to the business

[Brandon Burrell]

Hello guys my name is Brandon and i am fairly new to this industry just looking for good people to have on my team, those who are self-motivated, excited, ambitious and hard working, with the mind set of a go-getter.

I've not had any true real estate experience just yet but i have always had a thing for carpentry and my uncle was a carpenter. i am good with my hands and i am fairly good with tools as well. right now i do work a full time job but if i follow my plan in 10 years my long term goal is to quit my full time job and live off positive cash flow off properties that i own.

Was thinking about wholesaling as a start to build cash then converting to buy and holds and fixing and flipping homes. As of right now i'm just looking for those who are knowledgeable and willing to grow with me? if your in the Indianapolis area, don't be a stranger! and remember when opportunity knocks, just make sure your door isn't locked!

[Stephen Barton]

Welcome to BP! You have come to the right place. @Brandon BurrellI want you to reach out to me so we can connect. I believe there will be a post next week by @Ben Leybovichwhere he is going to talk about getting started that you should look for on the Biggerpockets blog.

I have been wholesaling for two years next month- woohoo! Now, back to reality I have to tell you that I think it is important to find your "Why Statement". Why, do you want to get into real estate. For me, I want to start getting passive cash flow over the long term. I thought much like you did and I figured that I would wholesale to build up my capital first. Wow! Boy, was I in for a treat. 

If you like to spend a lot of money each month in marketing then wholesaling is your ticket. I have spent close to $4,000 just this month alone and still have not had one deal come up for this month. I am working on 3 deals from the month before but there is just so much competition out there. I am not trying to stifle your interest in being a wholesaler by any means. I am saying that the idea that you will "get rich quick" is not very realistic. It is more work than I could have EVER dreamed. People say that but when you are working 50-60 hours a week, month after month with nothing to show for it- you sort of go crazy.

I suggest you really meet with some wholesalers that you look up to in your market and buy them a cup of coffee or just talk over the phone at the very least (That's what I did). Then, you will hear their advice for getting started. I suggest if you are wanting to flip properties then you need to find a flipper who you can work under to learn how it actually happens. You need to shadow someone before you go taking out lines of credit or blowing your own money in the wrong areas of town, or on the wrong updates. I simply want to see you achieve your goals, but I want you to be careful doing this. Everyone says, "Be a wholesaler" but they have NO CLUE what that actually means.