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Updated almost 2 years ago on . Most recent reply

User Stats

29
Posts
8
Votes
Salvador Hernandez Jr
  • New to Real Estate
  • California
8
Votes |
29
Posts

Getting into the wholesale game

Salvador Hernandez Jr
  • New to Real Estate
  • California
Posted

Hello everyone! I am new to real estate and I figured that wholesale would be the best strategy for me to learn for my current situation. I currently do not have any savings for down payment or the credit to apply for any loans thus using wholesale to gather enough funds to move onto house hacking or multifamily or both. The main thing is to save enough funds.

My question is what resources do you guys recommend to look into to get started or is there a mentor that is willing to put some time an effort on me. I will try to contribute back to the best of my ability if need anything! Thank you in advance!

Most Popular Reply

User Stats

1,589
Posts
1,689
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,689
Votes |
1,589
Posts
Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Salvador Hernandez Jr, I see forum posts like this quite often. To be blunt, do not get into wholesaling if you think you're going to make a quick buck. However, if you enjoy sales, love working with people, and have a passion for analyzing deals religiously, then maybe it's appropriate to leap into wholesaling. That being said, so many people fail to recognize that wholesaling is a full-time business and needs to be treated as such. Contrary to what others may say, if you're just looking to increase your savings, then I recommend securing w2 employment. If you are serious about wholesaling, there are only about a hundred or more YouTube videos that you can start with and reference. Once you have a very specific wholesaling question, then return to the forums for help. 

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