Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Randy Tran

Randy Tran has started 1 posts and replied 4 times.

Post: Seeking Guidance on My Real Estate Journey!!

Randy TranPosted
  • Posts 4
  • Votes 1
Quote from @Jonathan Greene:

Don't decide on wholesaling now because most likely that will not work out for you. Listen to @John Mason and find meetups. You can find them here in the events section or on Meetup dot com or find a local REIA. This is where you will connect and understand more than being a voyeur of real estate investing.

Wholesaling is not an easy business and one that is being trampled in many areas. In short, it's usually practicing real estate without license, but many people know how to do it "legally". I don't mind wholesaling, but most wholesalers think it's the stepping stone to real estate investing.

It's actually the opposite. The best wholesalers never wanted to wholesaler. They are homebuyers who are so good at marketing, they have overage that they can't do all on their own - so they wholesale.


Hey Jonathan, I appreciate your insights into real estate wholesaling. Given my current situation as a second-year college student working part-time, I would like to ask about additional steps I can take to further my education or learning experience in the real estate field. Besides attending meetups, should I focus on reading specific real estate books or consider investing my resources at this stage? My main question is would it be advisable to start by diving in and learning through hands-on experience as I go? or is there a more proper approach you would recommend?

Any insights you could offer would be deeply appreciated. Thank you for your time.

Post: Seeking Guidance on My Real Estate Journey!!

Randy TranPosted
  • Posts 4
  • Votes 1
Quote from @Jorge Vazquez:

Hi Randy, After wholesaling for 20 years, managing 50 investor agents, and owning multiple rental properties myself, here’s my advice: Wholesaling is all about being the connector who brings value through speed and flexibility. You need to be able to run at a moment’s notice—whether that’s checking out a property, meeting with a seller, or showing a deal to a buyer. The key value you bring to a seller is speed. They want to know you can close quickly and solve their problem, so always be ready to move fast.

Start by building a strong network of investors. You can buy a list of investors or build one yourself by creating a website, driving traffic through educational content, and offering value. The more investors you have in your pipeline, the easier it will be to close deals fast.

For finding properties, you have a few options: driving for dollars (looking for distressed properties in person), sending direct mail campaigns to property owners, or joining an experienced wholesaler to learn the ropes before going out on your own. Don’t overlook title companies either—they’re a great resource for connecting with other investors and finding potential deals.

And here’s the big decision: do you want to be an acquisition wholesaler (finding properties) or a disposition wholesaler (finding buyers)? Each role has its own challenges and benefits. Figure out where your strengths lie and focus on that.

After doing this for two decades, the biggest takeaway is to stay consistent, build relationships, and always be prepared to pivot. Wholesaling can be a fast-paced game, but with the right strategy, you can build a solid foundation for future real estate investments. I am going to talk about this topic. Thanks for the idea. Talk soon! 


 Hey Jorge, I really appreciate you taking your time and providing key information about wholesaling. As a second-year college student currently working part-time, I am exploring potential entry points into real estate such as wholesaling, real estate investment, and fix and flip. My goal is to start gaining some experience during my time in college and to invest more heavily after graduation.

Given my current position, do you recommed pursuing wholesaling, or do you believe another area of real estate might be more suitable? Additionally, would it be better to specialize in one area early on and stick with it post-graduation, or should I explore different sectors before committing to a specific path?

Thank you again for your time and advice, and I look forward to hearing your thoughts.

Post: Seeking Guidance on My Real Estate Journey!!

Randy TranPosted
  • Posts 4
  • Votes 1

I am not sure where to look for local meetings. Facebook groups, I have found one in the same state but not near me. I have been listening to biggerpockets podcast and youtube videos to really try to grasps the general idea of real estate.

Post: Seeking Guidance on My Real Estate Journey!!

Randy TranPosted
  • Posts 4
  • Votes 1

Hello, All!

I hope you're all doing well. I am 19, and currently a second-year college student pursuing a Bachelor of Business Administration in Accounting. I’m also working part-time and plan to continue my job after graduation to save up enough capital to start investing in real estate. I’ve always had a passion for real estate and dream of owning properties someday, and I plan to invest more time in this field after I graduate.

I’m particularly interested in starting off with wholesaling as a way to enter the real estate market with minimal capital. If there are other or better methods to consider, please let me know! My ultimate goal is to transition into real estate investing, focusing on rental properties and possibly house hacking as my next step after wholesaling.

Given my current position, I’d love to hear your thoughts and advice on where I should start. Here are a few specific questions I have:

  1. 1) What steps should I take to begin? Is wholesaling a good first step for gaining experience? What can I do as a college student working part-time?
  2. 2) What main skills or knowledge should I focus on acquiring right now that would be beneficial for my current and future real estate investments?
  3. 3) Are there any common pitfalls I should be aware of as a beginner in wholesaling and real estate investing?
  4. 4) What are some effective ways to build a network and connect with realtors to establish valuable connections?

I’m open to all suggestions and insights, so please feel free to share your experiences or any advice you think would be helpful. Thank you in advance for your support!