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Updated over 6 years ago on . Most recent reply

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CHEERS!! To My Amazing New Journey in RE Wholesaling

Posted

Hi! I am new and just super stoked to be in the Real Estate Wholesaling arena!! I am in the San Diego area. I am looking forward to being immersed in the amazing wealth of information provided here at Bigger Pockets in order to further propel my business forward!! Any business advice is greatly and truly appreciated!!

Have a FANTASTIC LIFE!!

Most Popular Reply

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523
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Michael Guzik
  • Real Estate Agent
  • San Antonio, TX
361
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523
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Michael Guzik
  • Real Estate Agent
  • San Antonio, TX
Replied

@Jennifer J Bennett and @Bahiyyah Parks I'm glad to hear that from you and welcome to Bigger Pockets! I don't like to be a Debbie downer, but I don't want to see you guys devastated and let down from unmet expectations. Many meet ups and "guru's" make wholesaling seem easy, quick and insanely profitable. That is so far from the truth. They are just trying to get you to buy their program, and are twisting the truth in order to make this happen. Listen to what @Roland Paicely said except for the attend your local REIA. At least in my area that is where the pitchfests and guru's prey on the ignorant and newbies to real estate. I would suggest going to the free meet ups with investors who actually care about teaching others and working together, not about selling a program. STAY POSITIVE AND STAY PATIENT is the major key in what he said. Can wholesaling be very profitable? Yes! Can wholesaling be fast money? Yes. BUT they don't tell you how many leads, calls and rejections you have to go through or overcome to get that one deal. Ask me how I know lol! It takes time and patience, and I would say about 80% of people that get into, start, or are interested in wholesaling never get past the first 2 months. They send out a mailer, cold call, or knock on a few doors and since a deal doesn't fall in their lap they give up. Don't let this be you. Take the time to learn how to talk to people, solve problems, analyze a deal, network with investors and cash buyers in your area. All of these things will greatly improve your chances of success. You will also have to develop tough skin, and not be afraid of rejection and people getting upset at you. There is so much that people don't tell you about wholesaling and I believe that is why so many people fail. Everyone seems to glorify it as some easy, get rich quick path in Real estate. IT IS NOT. You can become very rich and wealthy over time but YOU HAVE TO BE CONSISTENT AND PERSISTENT with it. Never give up. Definitely don't quit your full time job to go into this. Definitely continue to interact and ask questions here on Bigger Pockets and try and learn as much as you can and take action on the wisdom you gain. Good luck and I hope to see you around the site soon with a success story!

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