New Real estate wholesaler

[Maurice Lindsey]

Hello Bigger Pockets! I am a new real estate wholesaler located in the South Florida area. Looking forward to getting my first deal through networking with seasoned wholesalers and buyers. My goal is to build a sustainable real estate business. Is there anyone who is willing to guide me in the right direction? It would greatly appreciated. Thank you 

[Don Konipol]

Quote from @Maurice Lindsey:

Hello Bigger Pockets! I am a new real estate wholesaler located in the South Florida area. Looking forward to getting my first deal through networking with seasoned wholesalers and buyers. My goal is to build a sustainable real estate business. Is there anyone who is willing to guide me in the right direction? It would greatly appreciated. Thank you 

Short cut the learning curve where you become one of thousands of wanna be wholesalers that eventually find out the following truths

1. 99% of wanna be wholesalers never do a deal, not one 
2. Wholesaling is a sales/broker job, not REI
3. Under many new state regulations, much of wholesaling is not legally done
4. Almost all new wholesalers do not have enough knowledge or experience to be able to properly evaluate deals
5. The education and guidance available to new wholesalers is of very poor quality, and often very expensive
6. Capital is needed for success, despite what YouTube gurus would have you believe. Offers with $100 earnest money almost never get accepted; for the best deals $10,000 plus earnest money is needed.  Proof of funds, or proof of financing is also usually required; sellers have wised up to the generic financing letters issued by some hard money lenders.

so, here's my advice. If you're interested in brokering real property, which is exactly what a wholesaler does ( though in a "backass way), then become a real estate agent/broker. You'll receive much better training, at a much lower cost. Very little capital, if any is needed. You'll have access to selling 90% of the SFR on the market. And your education in studying for the exam will provide you with basic legal, foundational and functional real estate knowledge necessary to make the leap to successfully becoming an "investor".