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Updated almost 10 years ago,
Tired of wasting money on "coaching"
Hello all,
I'm brand new to BP and have been reading post that are very informative. Unfortunately, I don't have much time to read over 20k posts on info. To start, I have always been interested in real estate since very young but never got started since I thought I needed tons of money to start. About 4 years ago I learned about wholesaling and I said to myself "This is my ticket out of the rat race!" Unfortunately, I fell prey to the "Coaching" programs out there. I bought into Preston Ely, Than Merrill ($4k), ************* ($4k), and countless books full of fluff. They all said I would make tons of money and they would coach me. All I got were a bunch of binders of info and 1 coach call a week for 4 weeks and then after that whenever I had a question, all they did was point to where on the darn binders the info was on.
Anyway, so that's my story on "Coaching". My goals are to start wholesaling and build a crazy wholesaling machine and use the profits to buy real estate and build a huge portfolio. Once, I build a big enough net worth, I want to start investing in other businesses and ventures. I've always been fascinated with Donald Trump and Warren Buffett by the way.
With that being said, I have been trying to get something done in these 4 years that have passed but can't find someone local to either teach me and split first few deals, and the wholesaler in my area said I can't make it on my own and she wants me to work "for her." So I have more incentive to beat her at her own game. LOL
My questions are, every post or info I read says,
Step 1 find property, step 2 contract property, step 3 find buyer, step 4 get paid. But it doesn't explain how to negotiate, fill out forms, or what forms to use (I used to be a RE agent so I have the standard NY Contracts still), or any of the specifics from start to finish.
I am limited on money and DON'T WANT ANY MORE EXPENSIVE COACHING! LOL
Hopefully we can get some tips or point in right direction. And sorry for the long post.