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Updated about 2 hours ago, 11/25/2024

User Stats

6
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2
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Luc Brieger
2
Votes |
6
Posts

Entry Into Wholesaling

Luc Brieger
Posted

I’m looking to get into wholesaling but feel a bit discouraged by how competitive it seems and my lack of hands on experience—a lot of deals already seem to be under contract. For those who’ve started in wholesaling, how did you find deals early on and stand out in such a competitive market? Any advice or strategies would be greatly appreciated!

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6,132
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6,978
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Jonathan Greene
Professional Services
Pro Member
  • Real Estate Consultant
  • Mendham, NJ
6,978
Votes |
6,132
Posts
Jonathan Greene
Professional Services
Pro Member
  • Real Estate Consultant
  • Mendham, NJ
ModeratorReplied

You should be discouraged. Wholesaling is a mirage that social media and fake gurus make seem easy when in reality, most fail miserably and spend their money on one month of marketing when everyone knows it takes six to eight months of cross-platform marketing to make stuff happen.

My best advice is not to wholesale. What are you holding the properties with, capital-wise? Do you have savings and reserves to hold properties? What's your pitch to sellers in a competitive market when you are up against experienced wholesalers?

Your best bet if you want to wholesale (I don't know why anyone would) is to find a high volume local wholesaler and work for them for a while before going out on your own.

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Zen and the Art of Real Estate Investing
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4,740
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Jerryll Noorden
Professional Services
#1 Wholesaling Contributor
  • Flipper/Rehabber
  • Wilton, CT
4,022
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4,740
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Jerryll Noorden
Professional Services
#1 Wholesaling Contributor
  • Flipper/Rehabber
  • Wilton, CT
Replied

Don’t be discouraged, brother!

To everyone on the wholesaling forums, understand this:

Focus on learning from those with real experience and a proven track record of success.
Don’t waste your energy on negativity. Let it roll off and move forward with purpose.

Now, Here’s Some Logical Advice:

Wholesaling is straightforward, and competition won’t be an issue if you do it the right way.

If you’re cold calling, sending mailers, and doing what everyone else is doing, then yes—you’ll face challenges. Why? Because those methods are fundamentally flawed. They don’t effectively target motivated sellers.

In fact, the market is saturated with these outdated and inefficient approaches. Their success rate? A shocking 0.001%. That’s not an opinion—it’s backed by data. These methods are designed to fail.

Keep This in Mind:

The issue isn’t wholesaling.
Wholesaling is just getting a property under contract below market value and assigning it to a cash buyer. That’s it. It’s simple.

The real challenge lies in lead generation.
Specifically, in generating motivated seller leads.

To succeed, you need to focus on being found by motivated sellers. When someone becomes motivated, they actively search for solutions to their problem. You don’t need to chase motivated sellers—they will chase you if you position yourself as the solution they’re looking for.

How to Do It Right:

Build an online presence that makes it easy for motivated sellers to find you. When you set up your online foundation correctly, you become the obvious choice when they start searching for answers.

This is how you rise above the noise and succeed in wholesaling.

If you need a step-by-step blueprint on success wholesaling, just respond here and I will lay it all out for you.

  • Jerryll Noorden
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6
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Luc Brieger
2
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6
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Luc Brieger
Replied

Hello Jonathan,

I appreciate your perspective, and I wanted to share more about my situation. I’m 20 years old and live independently, fully supporting myself with a full-time job. While I manage my expenses responsibly, I don’t have a significant amount of capital leftover each month to invest in holding properties or funding larger ventures.

That’s why I’ve been exploring wholesaling as a potential entry point into real estate—it seems like a feasible way to build up the necessary capital while learning more about the market and the process. I understand the challenges and competition in this field and am willing to put in the time and effort to learn and grow.

If you have any advice on how someone in my position could gain practical experience or alternative ways to get started in real estate without significant initial capital, I’d be eager to hear your thoughts.

Thank you for your time!

User Stats

6
Posts
2
Votes
Luc Brieger
2
Votes |
6
Posts
Luc Brieger
Replied

Hey Jerryll,

Thank you for the encouragement! I really appreciate hearing a balanced perspective on wholesaling and how important it is to focus on motivated seller leads and building an online presence.

To give some context, I’m 20 and live on my own, working full-time. I don’t have a lot of extra capital each month to invest in large-scale real estate opportunities yet, but I’m motivated to build up my resources and experience. Wholesaling seemed like a manageable way to enter the real estate space while learning and growing.

I’m particularly interested in the advice about creating an online foundation to stand out and attract motivated sellers. If you have any additional tips or resources on setting this up or ways to avoid the common pitfalls in this field, I’d be grateful to hear them.

Thank you for offering to share a step-by-step blueprint—it’s exactly the kind of actionable guidance I’m looking for to make sure I approach wholesaling the right way!

User Stats

6
Posts
2
Votes
Luc Brieger
2
Votes |
6
Posts
Luc Brieger
Replied
Quote from @Jonathan Greene:

You should be discouraged. Wholesaling is a mirage that social media and fake gurus make seem easy when in reality, most fail miserably and spend their money on one month of marketing when everyone knows it takes six to eight months of cross-platform marketing to make stuff happen.

My best advice is not to wholesale. What are you holding the properties with, capital-wise? Do you have savings and reserves to hold properties? What's your pitch to sellers in a competitive market when you are up against experienced wholesalers?

Your best bet if you want to wholesale (I don't know why anyone would) is to find a high volume local wholesaler and work for them for a while before going out on your own.

Hello Jonathan,

I appreciate your perspective, and I wanted to share more about my situation. I’m 20 years old and live independently, fully supporting myself with a full-time job. While I manage my expenses responsibly, I don’t have a significant amount of capital leftover each month to invest in holding properties or funding larger ventures.

That’s why I’ve been exploring wholesaling as a potential entry point into real estate—it seems like a feasible way to build up the necessary capital while learning more about the market and the process. I understand the challenges and competition in this field and am willing to put in the time and effort to learn and grow.

If you have any advice on how someone in my position could gain practical experience or alternative ways to get started in real estate without significant initial capital, I’d be eager to hear your thoughts.

Thank you for your time!


User Stats

6
Posts
2
Votes
Luc Brieger
2
Votes |
6
Posts
Luc Brieger
Replied
Quote from @Jerryll Noorden:

Don’t be discouraged, brother!

To everyone on the wholesaling forums, understand this:

Anyone who tells you to feel discouraged doesn’t belong in the wholesaling space. Definitely, don’t listen to them. They’re simply projecting their own incompetence onto you. People like that are a negative drag in any forum and should NEVER be taken seriously. Just ignore them.

No one can deny how pointless it is to be on a wholesaling forum—designed to teach, educate, encourage, and support you—only to respond to a genuine cry for help with negativity or by telling someone to give up. That is not what this community is about.

Focus on learning from those with real experience and a proven track record of success.
Don’t waste your energy on negativity. Let it roll off and move forward with purpose.

Now, Here’s Some Logical Advice:

Wholesaling is straightforward, and competition won’t be an issue if you do it the right way.

If you’re cold calling, sending mailers, and doing what everyone else is doing, then yes—you’ll face challenges. Why? Because those methods are fundamentally flawed. They don’t effectively target motivated sellers.

In fact, the market is saturated with these outdated and inefficient approaches. Their success rate? A shocking 0.001%. That’s not an opinion—it’s backed by data. These methods are designed to fail.

Keep This in Mind:

The issue isn’t wholesaling.
Wholesaling is just getting a property under contract below market value and assigning it to a cash buyer. That’s it. It’s simple.

The real challenge lies in lead generation.
Specifically, in generating motivated seller leads.

To succeed, you need to focus on being found by motivated sellers. When someone becomes motivated, they actively search for solutions to their problem. You don’t need to chase motivated sellers—they will chase you if you position yourself as the solution they’re looking for.

How to Do It Right:

Build an online presence that makes it easy for motivated sellers to find you. When you set up your online foundation correctly, you become the obvious choice when they start searching for answers.

This is how you rise above the noise and succeed in wholesaling.

If you need a step-by-step blueprint on success wholesaling, just respond here and I will lay it all out for you.


Hey Jerryll,

Thank you for the encouragement! I really appreciate hearing a balanced perspective on wholesaling and how important it is to focus on motivated seller leads and building an online presence.

To give some context, I’m 20 and live on my own, working full-time. I don’t have a lot of extra capital each month to invest in large-scale real estate opportunities yet, but I’m motivated to build up my resources and experience. Wholesaling seemed like a manageable way to enter the real estate space while learning and growing.

I’m particularly interested in the advice about creating an online foundation to stand out and attract motivated sellers. If you have any additional tips or resources on setting this up or ways to avoid the common pitfalls in this field, I’d be grateful to hear them.

Thank you for offering to share a step-by-step blueprint—it’s exactly the kind of actionable guidance I’m looking for to make sure I approach wholesaling the right way!

User Stats

6,132
Posts
6,978
Votes
Jonathan Greene
Professional Services
Pro Member
  • Real Estate Consultant
  • Mendham, NJ
6,978
Votes |
6,132
Posts
Jonathan Greene
Professional Services
Pro Member
  • Real Estate Consultant
  • Mendham, NJ
ModeratorReplied
Quote from @Luc Brieger:
Quote from @Jonathan Greene:

You should be discouraged. Wholesaling is a mirage that social media and fake gurus make seem easy when in reality, most fail miserably and spend their money on one month of marketing when everyone knows it takes six to eight months of cross-platform marketing to make stuff happen.

My best advice is not to wholesale. What are you holding the properties with, capital-wise? Do you have savings and reserves to hold properties? What's your pitch to sellers in a competitive market when you are up against experienced wholesalers?

Your best bet if you want to wholesale (I don't know why anyone would) is to find a high volume local wholesaler and work for them for a while before going out on your own.

Hello Jonathan,

I appreciate your perspective, and I wanted to share more about my situation. I’m 20 years old and live independently, fully supporting myself with a full-time job. While I manage my expenses responsibly, I don’t have a significant amount of capital leftover each month to invest in holding properties or funding larger ventures.

That’s why I’ve been exploring wholesaling as a potential entry point into real estate—it seems like a feasible way to build up the necessary capital while learning more about the market and the process. I understand the challenges and competition in this field and am willing to put in the time and effort to learn and grow.

If you have any advice on how someone in my position could gain practical experience or alternative ways to get started in real estate without significant initial capital, I’d be eager to hear your thoughts.

Thank you for your time!



Yes, that is what I suspected. If you think that wholesaling could be something you like, go to local real estate investing groups and track local wholesalers and see who you can help by adding some sweat equity (usually calling or driving for dollars) for them so you can learn what they do to see if what you are seeing on social media is real. Anyone who tells you that wholesaling is a great way to get into real estate is probably going to sell you something to do that. It's possible to run it as a great business, but not without capital. That's why it's good to see how others do it and see it even lines up with what you want to do, ethically and professionally.

business profile image
Zen and the Art of Real Estate Investing
5.0 stars
7 Reviews