Whats the best way to get started in Wholesaling

[Kevin Breazeale]

I am new to Real Estate investing and I find this site really interesting. I need some advice on Wholesaling. There are a lot of guru's out there that claim there information is the best. So what is the best approach for someone just starting out with limited cash but very hungry for knowledge. Please advise, Thank you

[Aaron Mazzrillo]

Give your money to your mom. Tell her not to give it back to you until you have 500 posts on this forum. That means you have asked 500 questions and gotten (hopefully) thousands of answers. FOR FREE!!!

All the new investors want to jump right into wholesaling. "It's so easy! I don't really have to do anything! I don't need cash. I don't need to close. I don't need to rehab. It is 100% risk free!!!"

But wait... You need to know marketing, negotiation, documentation, rehab estimating, & basic appraisal.

Wholesaling is where you should end up after you have flipped dozens of homes and decided you no longer want to be a rehabber. Otherwise, you'll just be another new investor out there trying to wholesale your non deals because you never took the time to learn all the other essentials that will make you a great wholesaler.

I 100% believe buying and flipping properties is the easiest part of investing in real estate. That is why so many people do it. All you really need to do is make sure you buy well below FMV, don't blow your rehab budget, and basically act like a project manager until you sell the property. It is easier than being a landlord. Easier than dealing with a huge marketing campaign and dozens of sellers calling in that want 2006 prices for their junky property.

Sorry for the tough love, but I have only been on this forum for 1 week and your are like the 1 billionth person wanting to be a wholesaler, but don't know the difference between grant deed and a trust deed.