Who Is A Worthy Wholesaling Mentor For Beginners?

[Christian Brown]

Hey guys. Im a brand new, I mean brand new aspiring wholesaler. I read and watch a lot on the subject and feel like I learn quite a bit but I know that a mentor would be super beneficial. Ive heard some good things about Chris Bruce and I like the presentation from CC Garland; who seems relatively inexpensive compared to some Gurus(no thanks). Any thoughts based on experience, on either of these guys?

[Charlie MacPherson]

@Christian Brown  Two points here.  First, if you're looking for a mentor, the question isn't "who is a worthy mentor?".  It's "how can I be a worthy mentee?"  After all, you're asking someone to share their best trade secrets with you so that you can (presumably) go into competition with them - gurus excepted, but they're another story.  

To be a worthy mentee, you need to bring something to them that they want and need.  Time, talent, labor - something.  You should be willing to offer something in exchange for the training you're after.  And yes, as others here have said, guru training programs are most often garbage.  They prey on the gullible and squeeze them for huge sums of money.

Second point.  Wholesaling is illegal in most, if not all jurisdictions.  Simply stated, it is unlicensed real estate brokering. 

Is it done all the time?  Sure, but some states are really starting to crack down on it and in at least a few, it's a felony. 

If it was really as legal as the gurus would have you believe, why would millions of Realtors spend $1,000/year +/- on licenses, NAR membership, local Realtor association membership and continuing education? State governments put real estate licensing laws into place to protect the public from unethical operators.

Wholesalers do virtually the same job as Realtors, so why not get your license?  In the two states where I had mine (MA & ME), the exams were shockingly easy. 

Or as an alternative, go into rehabbing.  Find a derelict property, fix it up and put it on the market.  Sure, you'll need partners, but you'll learn a lot along the way.  After your first few projects, you'll probably know enough to go out on your own.

Good luck!