Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 9 months ago on . Most recent reply

User Stats

3
Posts
5
Votes
Ethan Thomas
5
Votes |
3
Posts

Young Wholesaler in Need of Advice

Ethan Thomas
Posted

Hey guys, I'm 17 years old but I have been JV with other wholesalers and have a trusted adult sign off for me. The main motivation for me getting into wholesaling was the fact that I need capital to get into long-term rentals. I have been very successful at the role I'm in now of finding leads, using deal machine and podio to run it at mass and cold call them and my skills have been tuned up a bit through that. I've studied doing this to do on my own more than anything though, not just JV. Learned what it takes to start an LLC, learning the basics and how to fill out contracts, finding cash buyers and etc. I am starting to have faith that when I turn 18 in about 53 days of writing this I have a good clue on what it takes.

Although I am starting to feel more confident, I know this isn't a quick rich scheme in any way. I know for a fact i'm going to run into many many more things along my journey that i'm going to run into. My question is if anyone knows of any wholesale meetups and groups I can join to start networking because that is going to be one of my flaws starting out and I want to work them all out so I can become successful. I have decided i'm not going to be pursuing college, only will be pursuing a real estate license. But for my education through stuff like school is about to come to an end, so I really only have one shot at this or else you can catch me working at a Mcdonalds somewhere in charlotte NC.... 

My goal is to get this ship off the ground and save almost all the money I make from wholesaling to invest in cash flowing rental properties, so once I do make these deals and become successful and circumstances were ever to change for whatever reason, My income isn't only fixed on my ability to "Get a deal" to go through.

Anyone willing to toss me a bone on this will be valued more than you'd understand. I'm taking all the advice, good or bad, to heart and really soaking up anything I can because being this young it is more important than ever to do so.

Most Popular Reply

User Stats

1,028
Posts
1,047
Votes
David Ramirez
  • Investor
  • Tampa, FL
1,047
Votes |
1,028
Posts
David Ramirez
  • Investor
  • Tampa, FL
Replied

Keep up the good work! 

Like I tell everyone, wholesaling is a marketing and sales business. I see so many people give up within the first year because they set the wrong expectations. You will go through big ups and downs and have to be resilient and adaptable to keep going.

Feel free to reach out with any questions! 

Loading replies...