How to wholesale with no money or license? Is it even possible?

[Phillip Hooks-Wright]

Newbie in need of getting started with no money. Is it even possible to wholesale with little to nothing? positive responses

[Barry Pekin]

@Phillip Hooks-Wright,

Well this is starting to degrade into an argument about the legalities of wholesaling. 

Instead of taking what @James Wise said at face value, do the research and training yourself.  Personally, I was taught never to lie or deceive a seller.  Don't start outright with how the process works, just as they're not going to start outright with what issues they're facing.  But do NOT deceive.  Answer questions and explain things carefully.  When you are really there to help someone, they are totally ok with you making a profit in the process - if they need your services.  If they don't, and they actually need an agent, be upfront and refer them to an agent on your team. 

As for respecting wholesalers, again, don't listen to the nay-sayers. I meet cash buyers on a regular basis - usually at REIA meetings, but in other places as well, and when I tell them I'm a wholesaler, they almost always ask to be put on my buyers list. I find out what they want so that I can bring them great deals when I have them. In fact, they're having difficulty finding sellers just as anyone else is, and they want the help. One rather busy flipper here told me, "I don't care how much you make. As long as it's a good deal for me. I hope you make a LOT!"

Now, if it turns out you're in an area that requires it, or you just decide it would be better to do it, get your RE license.  Now, apparently, the RE agents will respect you and let you do what you were going to do anyway.