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Wholesaling
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Updated over 3 years ago on . Most recent reply

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Matthew Reum
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Wholesaling and mentorship

Matthew Reum
Posted

I am in south bend Indiana, I am currently on vacation from my 9-5. I am trying to get into real estate investing and one of my Biggest problems right now is lack of capital. Therefore I am wanting to try wholesaling, I have read the guide to wholesaling but I would love to have someone walk me through it in person while doing the process. All I’m asking for is your experience, and in return I will gladly split the profits generously.

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,585
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

The answer to lack of capital is NOT wholesaling. It's keep working your W-2 and getting promotions or move to better jobs and keep that going until your income from real estate meets or exceeds what you were making. You are looking for a hack like so many new investors, but 99% who try what you are saying will fail miserably. Do you have any real estate experience? Do you know how to estimate repair costs? Do you know how to run ARV? What skills from your jobs or life do you have that will help be part of the 1% that succeed in wholesaling?

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