Wholesaling Financial Plan

[Shanai Rogers]

Hello! Given the recent event and my current read, Rich Dads Guide to Investing .. I would like to know, when making a financial plan in regards to wholesaling what questions should I be asking myself so I can correctly plan out a 5 year goal when it comes to wholesaling? Like what questions should I ask myself so I can correctly create a 5 year wholesaling plan?

[Jonathan Greene]

If you've never done any REI, making a 5-year wholesaling plan is just a way to do a "what do you want out of life in 5 years" guide. I don't think it's reasonable to spend time building a 5-year plan around wholesaling before you see how it works day in and day out. Your numbers and strategies won't be accurate as they are different based on your market, your skill level, your contacts, your negotiations, and your willingness to stick to the business. Instead of making a 5-year plan (an oft-used procrastination tool as in, "I can't get started building my business until I have a 5-year plan about a business I don't even understand yet), get out there to REI events and meet other wholesalers and have questions for them that will help you build a real plan in a year, after your feet are wet in the business.