Wholesale Mentor

[John Hamilton]

Hello,

Is it a good idea to get a mentor to do wholesaling in my target area? 

I feel I have enough knowledge to get things going, but not sure if my assumed lack of knowledge will carry me through the pitfalls and downs of this crazy business. I've been studying and reading for months (and been studying REI on BP for 5 years). I've also taken a guru class 5 years ago in wholesaling. I wouldn't recommend anyone doing that.

I have started my wholesale business a couple of weeks ago. I'm ready to get my first DM campaign (1,000 absentee owners with some filtering) sent out in the next couple of weeks and having it tracked using the vendor's system. I already have a business phone, business license, website specifically for sellers and buyers, and email. The next steps are a business account, business cards, getting as much of this process automated to streamline, and then SEO. I hope to pull this off in the next 3 weeks. I will be following-up with multiple DM campaigns until the rest of the year using different media, lists, and filters.

And yes, I've been hunting down all lenders to get the funding in place once a deal is struck. However, I know I will have plenty of deals that I wouldn't be able to take advantage of, so I will be passing them on to other investors and cash buyers. Don't hate.

What do you all think?