All Forum Posts by: Elijah Dominguez

Looking at the house won't tell you anything. The deal lies in finding a seller who's motivated by something other than cash. Some can't afford their payments, others want income over time, still others need an unconventional sale to spread out the tax hit. They all have one thing in common: They don't need or want all of their equity out in cash immediately.

@Elijah Dominguez What did I learn when you were in diapers? I learned that I don't like wholesaling as most gurus pitch it. I didn't have a particularly hard time finding houses well below market value. But I hated traipsing through bug-infested hell holes guessimating repairs.

Thankfully I discovered that you can "wholesale" pretty houses. It's a much more pleasant experience and you can make similar profits.

Don't overlook the fact that wholesaling is known as "unlicensed real estate brokering" and is illegal in most (if not all) jurisdictions.

It is commonly promoted by gurus who want to sell you a wildly expensive course on how to get rich doing it.  Of course, most, if not all, of what they teach is available FREE here on BP.

The REAL fact is that wholesalers strip equity from property owners who are either so uneducated as to the true value of a property, or so desperate to get out of a bad situation that they'll take a wholesaler's bad deal to get out from whatever jam they're in.

In other words, by and large, unlicensed wholesalers make their money bu screwing sellers.  And sure, you'll hear stories of how wholesalers "came to the rescue" of sellers who were in a jam. (Those are mostly baloney)

The truth is that a licensed real estate agent could have got them the same deal - and probably better - by listing the property on the open market.  Exposing a deal to tens of thousands of buyers should get the seller a better deal than exposing it to the wholesaler's list of 6 "buyers".

Bottom line - maybe rethink wholesaling.  Maybe get licensed and earn a living in real estate the right way.  In the two states where I was licensed, the test were astonishingly easy.

Door knock and write handwritten letters. Find great deals and find out how to figure out great deals by asking local investors at meetups

Wholesaling has taught me soooooo much about automation, real estate. sales and marketing. Learn everything you can from the process, build relationships and try to find a way to take down the deals yourself and wholesale anything else that you dont have to the tools to get the deal done.

Wholesaling has taught me soooooo much about automation, real estate. sales and marketing. Learn everything you can from the process, build relationships and try to find a way to take down the deals yourself and wholesale anything else that you dont have to the tools to get the deal done.

You'll never find an old gang-banger and you'll never find an old wholesaler. They die young.

I've seen "young" people hustling to get started, but I don't think I've ever seen someone succeed at it and stick with it for the long-term. It seems the ones with any success quickly start selling their secret techniques to new people through websites and YouTube videos.

1. Know your local laws on wholesaling

2. Know what contracts to use 

3. Build a buyers list

4. Start door knocking and cold calling