Wholesaling - thoughts on business model?

[Ryan Evans]

Hello BiggerPockets community -

My name is Ryan Evans - I am a brand new investor located in Atlanta, GA. I am thinking of wholesaling to build some capital for my first investment, and I was trying to gauge thoughts on my business model from experienced investors.

My background is in construction consulting meaning I spend everyday writing estimates to repair damaged properties. I was thinking of using this practice as an asset in my wholesaling practice by providing very detailed repair/rehab costs including a full scope of work. In your opinion, is this added value to wholesaling? Could you use these estimates when negotiating with your contractor? Essentially, is it worth the time for me to put effort into this, or will it be disregarded in practice?

Thanks! 

[Ritch Bonisa]

@Ryan Evans If you don't have your brokers license - get it as soon as possible.  Yes, go ahead and wholesale to build capital.  Use your construction knowledge to provide value and find workable deals for your clients.  

Once you have the cash:

• Find your own properties with your new found skills in property lead generation. 
• Use your construction knowledge to understand scope of work and rehab costs. 
• Use your broker's license to have access to real market statistics and info. 

Having the cash, construction experience, & access to the best market information  is golden.  Having all of these together allow you to act very quickly while minimizing mistakes.  Realistic deal evaluation within quick time frames is probably the single best thing you can have to be a successful investor. 

Anyone can go out and get a brokers license.  Then it can be a time consuming and sometimes painful process to learn construction.  

You already have the understanding of rehab costs.  Now get the license and experience and you'll be a lethal weapon.