Where to start???

Question

I've been educating myself about wholesaling for a couple of months and ive definitely gathered a lot of information but i'm still not sure where to start. Before i start signing contracts or anything like that i want everything to be in order. Any advice on my very first step with wholesaling would be helpful.

Account Closed · Answer

I'm in a similar position to yours and I would say either go for it like Reuben said, or look in your area for any other successful wholesalers. You could offer to follow up on leads for them, take care of their marketing, or simply help them with tasks they need taken care of in their wholesaling business. What you would get out of it is knowledge and experience, enabling you to have more confidence in starting your own wholesaling buisness. You would also make a contact in your local wholesaling market. Wholesalers can help each other out and I find it always more profitable for everyone if they were to work in a team rather than by themselves. This is purely my opinion, I haven't done a deal before and don't claim to be an intelligent investor, but this is what I plan on doing in the near future. Hope this helps and good luck on your journey!

Nakita Sutton · Answer

Thanks so much I will definitely make my first move soon ...looking forward to the journey ahead and good luck to you all in your endeavors .

Reuben Stewart · Answer

Its a tose up, some would say start marketing to motivated sellers...Or build a buyers list first.

You just have to jump in, you've done your research, its not as complicating as you think. They only way you will learn to wholesale is by learning from your mistakes. There will be sooooooooo many different scenarios when you start talking to sellers, it will force you to grow, and it will make you become sharp and get you comfortable with talking to sellers. As you going along findind solid, true cash buyers will be your key to growth. Having the ability to talk with confidence to your sellers because you know have real players that can close will put your whoelsaling business in perspective really quick..I luced out and found 1 cash buyer who bought my first 4 deals. And through the process i learned so much, from talking to the sellers, to presenting a deal to a cash buyers,and then to the closing table/ And through that I had bumps and bruises and angry callers, to sounding like a complete idiot talking to sellers,deals fall apart at the closing table, horrible mailing campiangs, spending marketable dollars getting nothing in return... but through it all Thats where i got my knowledge. Jump in and dont let any discourge you on this site or anywhere else. You in a hot market right now too...

Good luck