Involved In Real Estate · Huntington Beach, CA · Member since 2014 · 21 posts · 2 votes
Is there a Wholesaling Real Estate Course or mentor for beginner investors step by step published recently, with a reasonable price tag?
Most experienced investors out there forget what it was like to be a beginner. They don't want to waste much time with students, or they don't have direct contact for the students. Thus, once experience investors become successful they want to make even more money out of beginner investors. Another thing they become so automated and their business become illusive. All of the sudden, every thing is about money or time. Never mind about giving back.
I have come across a great deal of wholesaling material, but most of them are old books. I have also come across a great deal of mentors who write a free book, but then they want the student to join their team for a 50% profit on every deal plus an expensive course.
After getting killed in RE investing in VA on my own, I would NEVER invest as a rookie (someone with less than 50 deals), unless I have the guidance of an expert mentor. You can find mentors who don't charge you; mine doesn't. I buy his deals, so sure, he makes money, but he makes ME tens of thousands.
I went to a RE meeting and asked, how many people here have done 500 deals? I talked to a couple people who raised their hands and that is how I found my mentor. We do buy and holds owner finance mostly, 10-15% roi on most. Also do some flips.
You should not start with wholesaling. There are many venues in real; estate. Wholesaling is not where to begin. Why would a serious buyer want to invest with a beginner? I certainly wouldn't. All kinds of things can go wrong, in a real estate transaction. You cannot deal with such problems, if you don't have experience. My opinion.
Begin with REIA, books, reading BP. And then buy something for yourself. Consider getting a real estate license. The education is great!
I don't want to discourage you. I just don't want to see you spend thousands of dollars on some GURU, only to fail.
You can actually buy a house yourself. You can rent it out. You can gain valuable experience. You can't buy experience.
After getting killed in RE investing in VA on my own, I would NEVER invest as a rookie (someone with less than 50 deals), unless I have the guidance of an expert mentor. You can find mentors who don't charge you; mine doesn't. I buy his deals, so sure, he makes money, but he makes ME tens of thousands.
I went to a RE meeting and asked, how many people here have done 500 deals? I talked to a couple people who raised their hands and that is how I found my mentor. We do buy and holds owner finance mostly, 10-15% roi on most. Also do some flips.
To clarify Wholesaling as I see it, it means that I would find a distressed property, put it on a contract and find a buyer or a flipper or a rehabber or landlord. I can handle writing up the contract as a real estate salesperson inactive CPA. In fact, I already found a property, but I am not ready for it. Anyone out there interested in a lead from a bird dog on a single family 3 bedroom 2 bath home in Orange County, CA? I am not quite ready to start writing a difficult property like the indicated one.
Thank you. Someone else wants to look at it. If he confirms my birddog fee, he is first in line. If he does not confirm his fee, I will certainly contact you.
Tina...I'm new and also out here in the LA area. Let's chat about the future and how we can both move forward with some type of relationship. The contract isn't that tough and there are guys out here to help.
@Account Closed Can you forward me the deal? see if it makes sense to me to flip it. Next in line or whatever.
On other note, I would like to explore opportunities with you regarding other things. And don't fall for those gurus. A purchase/sale template is readily available in google, just get them reviewed by a paralegal/attorney or ask them in the forums, im sure somebody could give you one so you could go forward, wholesaling is all about marketing, in which I don't like, so I am out in that area.
Tina Mendoza I recommend you check out Sean Terry's podcast and if you don't want to sign up for his program, don't. You can start a wholesaling operation without buying anything from him. With that said, like anything you start, you will need education that will either come from partnering or outright paying for it. The mentor you seek does not have time to mentor everyone who wants. Check out the podcast, if you listen to 40 or 50 of those, you won't need to post on BP for wholesale deals in HOT Orange County.
I already have the book by Sean Terry. I wanted to ask BiggerPockets members if anyone knows about Than Merrill's Fortune Builders Mastery coaching program. I have his book. I had not started reading it because it is not convenient to listen to it on Kindle PlugIn. I am listening to it know. It sounds very good. The name is The Real Estate Wholesaling Bible."
I need to get an accelerating program, even though I have enough knowledge on how to get started. I think I already have most books no wholesaling. This is my concentration as a beginner.
@Account Closed Is free a reasonable price tag? Look under the learn tab above and see free how to guides. There is one for wholesaling.
Also check out the Wholesaling forum. There are "sticky" posts at the top you might find very useful. Go to forums tab above and click "forum Categories"
I went to a 3 day Fortune Builders seminar in October. It was awesome... but the coaching is ridiculous. Cheapest program is like 17K. You get a lot - and they basically hook up your whole business for you, but that's a huge grip. I also heard they have a cheaper online version. Good luck!
I found an awesome accelerated, turnkey program advertised here; in which it will work out better for me fast. He is professional, honest, high integrity and very experienced. It took me over 4 months of Googleing, memberships, like awesome Bigger Pockets, dozens of books, local clubs memberships to find what I was in search of. I was planning to go at it alone with skepticism. Since, in my golden years time is of the essence. However, even though I have all the education I needed, this program is going to accelerate my start-up by at least two months.