How to get started in Wholesaling?

[Mike Bereck]

I know Wholesaling is when you find great dealers and bring them to someone(usually an investor) to buy.  But my question is, how do you even get started?  What business to form, marketing, amount of money needed to start, and how to market/find people to buy your good leads?  

[Rocky Griffin]

You just have to jump in. My first wholesale was last month and it was a total nightmare aside from the seller. The buyer was a hard headed hateful/spiteful woman without anything positive to say. The closing company let her convince them that she had already payed 50% of my fees. Which I did take earnest money from her but applied it to her closing cost as written in the contract. Unfortunately she was able to muscle and back them down despite a signed and notarized contract. This was absolutely my fault for not being present, however I just wanted the deal done and not have to see/handle that woman again. So I lost 50% of my profits on my first deal. Personally I was ok with that as I learned MANY Valuable lessons and got to walk through my first deal. I'm confident that doing is the only true was of learning.