New to Wholesaling – Seeking Honest Feedback from Experienced Investors

[Jardin Gwin]

Hi everyone,

I’m a beginner trying to learn the ins and outs of wholesaling real estate. I’ve been watching Jerry Norton’s videos, listening to podcasts, and attended a webinar to better understand the process. From what I’ve gathered, wholesaling involves finding distressed properties (often on Zillow or Redfin), reaching out to sellers or their agents, negotiating a contract, and then assigning that contract to a cash buyer for a fee.

I’ve also heard that a big part of it is sending out a bunch of texts or making a lot of phone calls, talking with sellers, and waiting until someone finally says “yes” to your offer—then you potentially have a deal.

Before I take any action, I’m planning to talk with a couple of experienced people this week to make sure I fully understand what I’m getting into.

That said, I’d really appreciate honest feedback from those of you who’ve actually done deals:

• Is wholesaling a realistic and sustainable strategy today?

• What are some common pitfalls or legal risks new wholesalers should be aware of?

• For someone working full-time and in school, what’s the best way to start ethically and effectively?

• What are some things you wish you knew before your first deal?

I’m here to learn, not pitch anything—just trying to understand what’s real vs what’s just YouTube hype. Any insight or experience you’re willing to share would be greatly appreciated!

Thanks,

Jardin

[Michael Dumler]

@Jardin Gwin, I don't intend to steer anyone in the wrong direction, and especially if you have a passion for real estate sales, you should pursue the industry. However, unveiling a realistic gut check since you're working full time and enrolled in school, it's fair to point out that your competition is fierce. Let's be honest; they have the time, energy, skills, team, experience, and resources to efficiently identify and source potential deals and successfully disposition them to end buyers. I'm sure you've heard that it takes 10,000 hours of intensive practice to achieve mastery of a skill.

If you see yourself one day doing this full-time and operating it as a business, then by all means, continue with the education process and hone in on developing your skills. Wholesaling is feasible, but you must be in it long-term to achieve results. Realistically, getting your first deal in the pipeline takes about six months of consistent prospecting. My two cents -it's very challenging to wholesale part-time, and your time and energy may be better spent elsewhere, i.e., working and saving capital to acquire an invesment property.