Wholesaling real estate under 18

[Sean Pesner]

Hello,

I am 17 from Long Island and want to be active in wholesaling. What are some good tips to get started besides opening an LLC

[Jean Tranquille]

Quote from @Mohammed Rahman:

Agreed with @Bryant Brislin, but I also feel that you can do a lot on your own @Sean Pesner - there's a ton of great content out there on how to wholesale as a beginner. You can also try connecting with @Jean Tranquille who has been getting closer to wholesaling his first deal this year! 

Yes indeed I’m very close lol, @Sean Pesner wholesaling is not easy just so you know it might cost little to no money to get started but wholesaling is marketing, there's gonna a lot of no but find a System you comfortable with, driving for dollar 10/10, door knock 10/10, cold calling 8/10 pulling list off PropStream or anything other site 6/10, putting Bandit sign 5/10, build your own website to get people come to you, can't rate that cuz I don't have a website myself but I've heard good things about it. Also on the MLS (on market) 6/10 pick two or three then stick with it. Start by looking at your own zip code get to know ur own backyard, then you expand. And you don't really need an LLC to start wholesaling. Also get out there meet other wholesaler like yourself ask questions and talk to investor ask them what they look for when taking a deal from a wholesaler. And as always be honest with whom ever you trying to peach a deal to. My recommendation would be get comfortable with running numbers. learn about comps After repair value ( ARV) the 70% 80% rules. in high market like NYC it's impossible to do the 70% but 80%, 82% work fine, book check out "BRRRR" it about real estate investing gives a perfect idea as a wholesaler what an investor is looking for when purchasing a property. Also that book was written years ago like the author david Greene said yesterday advice might not be good for today's market. So you always gotta be on top of things. like I said going to meet up and meeting people that's in the market right now is the best way to get accurate information about it. Book " never split the difference" it about negotiating haven't read it yet, got it recommended by a former wholesaler. And good luck