Looking for some help on my first Wholesale deal.

[Felix Lilly]

Hey everyone. I am a very busy undergraduate medical student and I really want to find a way to make a return on investment for my money put into real estate. I am living in the Portland area, and I have already signed up for my first REIA. I know wholesaling is a good way to make a profit without a big input of time. What is the best way to get experience in wholesaling? Would my attending the REIA be of benefit to learn how to do that? Thank you all.

[Adam Macias]

Quote from @Felix Lilly:

Hey everyone. I am a very busy undergraduate medical student and I really want to find a way to make a return on investment for my money put into real estate. I am living in the Portland area, and I have already signed up for my first REIA. I know wholesaling is a good way to make a profit without a big input of time. What is the best way to get experience in wholesaling? Would my attending the REIA be of benefit to learn how to do that? Thank you all.

Just know in starting out you should at least give yourself 3-6 months before giving up on if wholesaling is for you. There's a lot of things that can set you back, you will have to push hard and deals may fall out of contract. It's all normal even for experienced investors but it gets better over time when you've set systems in place and nailed your niches.

My suggestion is first focus on building a list of cash buyers and investors that are actively doing deals. Once you have 20-50 buyers on a list and you know what they're shopping for, it gives you confidence to know what a deal looks like. This step alone may take you 1 month if you don't have much time because you're not just looking to "network", you're looking for those serious players in your markets.

After you've had a good buyers list built, then focus on seller leads. I'm moving into the Indianapolis market and doing literally the same thing. First focusing on buyers. Then focusing on agents I can work with. Then knowing which title companies and attorneys I can wholesale with. Then focusing on sellers.