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Updated about 12 years ago on . Most recent reply
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What are your greatest struggles and concerns?
I'm interested in hearing what new wholesalers, or those that are thinking about entering this business, are most concerned with, or struggle with the most. Some suggestions below...
1. marketing - finding motivated sellers
2. marketing - finding buyers
3. acquiring and using the correct contracts
4. pulling comps and determining value
5. determining repairs
6. motivation
7. inspiration
9. lack of confidence
10. negotiating
11. evaluating a deal
12. working with title companies/closing attorneys
13. creating relationships with other investors and realtors
14. finding a mentor
15. fear
16. other (please explain)
I'm trying to get a feel for what's on your mind these days. Specifically, what is holding you back, or what is keeping you from putting action behind information you've acquired.
Most Popular Reply
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Although I don't wholesale, I think this is a very very important post, regardless of what your area is.
Starting off, (keep in mind, I just do lease options) I think my biggest struggles were:
having the drive to "stick to it" despite not knowing what the hell I was doing.
Being able to keep forging ahead even though sellers would ask me questions that I didn't have the answers to.
Realizing that I had to "keep tweaking" until I figured out how to make the pieces fit for me.
Not having fear of knowing all the answers to all the questions...(fake it till you make it!)
I think this is a great post, as I think the hardest part is getting traction. It's so easy to give up, or think, "well, I tried that, but it didn't' work" and move on to selling vitamins via a MLM.
No matter the business, you have to have a certain fire in the belly that keeps you going.