Wholesaler Newbie Information Overload

[Ladinaka Samuels]

Hi all! I am new to wholesaling and have been watching tons of videos on individuals who have been successful. So, in the process i have ripped the band aids off and started cold-calling, and reaching out to real estate agents, and sellers on craigslist. I've been consistent with the process, and have had two showings. But, the real estate agent would advise that the properties i've viewed were only investment properties and not wholesale deals. For some reason i feel that i'm not offering enough to be considered, but i've also been going based off of the wholesale formula, ARV formula, and comps in the area. Feeling a little lost in the loop of information to understand how to learn, and re-learn wholesaling. Can i get some input?

[Duncan Hayes]

@Louis Davis I feel that’s bad advice. Why?

1. You aren’t being honest. My first deal came from a realtor referral. I did not act like a buyer. I told her exactly what I was doing and let her make the choice to work with me or not. If one won’t work with you there are ten others out there that will. Pretending to be a buyer when you have no intention on closing a deal is not only unethical and pretty much illegal, but it’s wasting time. How many ppl are gonna take you serious after wasting their time? Especially when their paycheck is determined by performance and not an hourly rate. Honesty is the best policy.

2. Working with agents shouldn't mean trying to wholesale MLS listed properties. Is it possible to do? Yes. Often? Probably not. People list to get the most money they can. Not to sell at a discount. Working with agents should consist of them sending you properties that AREN'T listed. Be upfront and request they send the leads they get that just aren't what you'd see on MLS, aka handyman specials, the deals that conventional lenders aren't gonna fund due to the amount of work they need. For sale by owner leads they find as well