General Question

[Todd Gustafson]

I've read or heard from several sources that wholesaling is the best option for newbs, especially new investors with little money. I'd like the opinion from active wholesalers. What do you think?

Is wholesaling the best way to enter real estate investing? Why or why not?

[Jerry Puckett]

Just bear in mind that there are costs involved. Also, a huge learning curve if you are truly a newb with no experience. Determining value and estimating repairs is an advanced skill. It takes awhile to learn effectively, and you will fail miserably without the ability.

Negotiating with sellers, another advanced skill. Writing contracts... not too bad after the first one, but still a steep learning curve. Marketing....now there's a biggie. Your going to need very motivated sellers in order to use little of your own money, but you can spend plenty finding them.

Remember also that wholesaling in and of itself is a Real Estate job as opposed to Investing. You have to keep the flow going all the time. Don't quit your day job until you've got that flow going. And give up any notion of it being easy and free. If it were, everyone would be doing it. There are no secrets to learn. All the information you need to be successful as a wholesaler is right here on this site.