Beginning the journey of wholesaling

[Colton Long]

I'm 28 years old looking to get into real estate. I figured I could start by doing wholesaling, eventually getting into buy to hold. I live in a small town outside of chattanooga tn so that would be my main place and do some outside of there as well. My questions are would you need a license of some sort for this, if not do you just start by finding a property with a motivated seller and contact them and begin negotiations? It seems simple but complex at the same time. I work in chattanooga as a Journeyman electrician and want to get into this. I just dont know exactly how to begin. Any and all advice would be awesome thank you.

[Brian Levredge]

There are a fair amount of people spending a decent amount of money monthly, to market for properties in Chatt. The main thing is to not lose focus. I use to run the REIA here in town (been 3+ years now) and we would get a lot of newbies who we would see for a few months. They'd get frustrated not finding anything worthwhile their first few go rounds and disappear.

You need to decide what marketing methods you want to employ given time and financial constraints. Once you've made the initial decision stick to it for awhile but don't be afraid to change what's not working. Wholesaling, flipping, etc., all of it really are about endurance mostly. The REIA here in town has changed somewhat in the last few years, but there's still networking opportunities there and there's a BP meetup here in town the fourth Thursday of each month, I think.