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Updated almost 15 years ago on . Most recent reply
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Getting started in wholesaling
I would love to be able to answer this question!
Is there any biggerpocket players in here who could advise and coach me along through finding sellers,buyers and how to transact the deal on both ends.
Also what if I tie up a house on a option to buy contract and find a buyer who is using a real estate and is pulling a mortgage loan for the property.
What do i do in this situation?
I know i can make deals i am just nervous because i keep coming up with questions like these to try and be prepared for any kind of situation.
Anyone willing to help. If so Your time and advice would be greatly appreciated and you would be helping out my family and I so much!
thanks a million
RYan Mertz
[EMAIL REMOVED]
Most Popular Reply
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I agree with Curt. Read through the forum and your questions will get answered. I would point you to more than just Darryl Dean's posts, too. I like his confidence but I can guarantee that you will find more knowledge from the thousands of posts over the years from highly experienced wholesalers answering newbie's questions in the Wholesaling Forum than from his 36 posts.
Let me give you my advice, too. I've worked with hundreds of newbies and most of them NEVER buy a single property. They never buy one NOT because of a lack of knowledge. They never pull the trigger because of a lack of guts. They are scared, and my experience is that no amount of knowledge will ever take that fear away. The only way to overcome your first deal jitters is to DO your first deal. Experience is what overcomes that fear, not knowledge.
Now I am NOT advocating that you not learn the basics of investing before you jump. You need knowledge to make good decisions, but the number one problem I see with newbies is lack of action, not lack of knowledge. I could give you all the knowledge you could ever want and you will still be scared to pull the trigger.
Learn what is and what is NOT a good deal in your market. Learn the basic mechanics of wholesaling. Start building your investor buyers list, and start putting houses under contract.