First of all I'm fairly new to real estate so I'm not an "expert" yet but I think this will be a very helpful post to aspiring Wholesalers
1. Stop listening to the negativity. People will tell you all day how "hard" it is to Wholesale, don't let that discourage you.
2. Remember there are people who are successful Wholesalers.
3. Be 100% honest with sellers and buyers I see way too many people asking how to hide this and that, you have to have integrity in this business, reputation is everything. There is nothing wrong with making a profit, this is America.
4. Get a real estate license.
5. Don't be a 1 trick pony, learn about lease options, subject to, lease options, etc. This will increase the number of deals you can do, your job is to solve problems for sellers and provide great deals to end buyers.
6. Actually get a good deal under contract, buyers hate when you email blast them a bunch of BS deals with little room for profit.
7. Educate your buyers on different ways to make a profit, some are experienced but I've ran into a few that made a higher ROI doing a lease option or buy and hold as opposed to just fix and flip.
8. Don't give up. You can only fail it you quit, everything else is a learning experience.
Feel free to comment and add to the list.
