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Updated almost 4 years ago,
Getting started in wholesaling
Hello all, I have been listening to bp podcast among others, with an interest to build wealth through real estate investing. I currently have a job that I hate and I am looking for a way out of this job ASAP. With this in mind I feel that wholesaling would be a good starting point for me as I have little cash and would need to supplement my current income quickly. The plan that is floating around my head right now would be to drive for dollars and hammer the phones on my days off until I can get some deals under my belt and quit my job with confidence. In the past I feel like I have gotten excited over "get rich quick schemes", ex. Day trading stocks, Amazon FBA, etc. I understand that wholesaling will take alot of work and by no means is get rich quick, but I am still struggling with my mindset that maybe I'm just looking for another easy way out. Is wholesaling really a viable business for someone to support a young family? Are there any deals to be found in a crazy market like Denver? If wholesaling is so lucrative why isn't everyone doing it? I appreciate any input you have regarding all things wholesaling and getting started in it, or even why not to get started. I know this is very broad but I would like to hear many perspectives.
Thank you.