Hello, all my little mortals. Allow me to inspire you, and give my 2 cents, and at the same time guide your mindset towards a better standing.
If you are looking for easy.. guess what. You will have a hard time becoming successful.
Wholesaling is difficult. A lot of people say that.
WHoelsaling is not difficult. Not even a little bit. Wholesaling takes WORK. yes. But it is not difficult.
Here is why wholesaling IS ABSOLUTELY an entry-level to REI.
A GOOD wholesaler knows how to do:
1. Lead generation
2. Marketing
3. Negotiating
4. Find cash buyers,
5. Understand contracts, both on the acquisitions and dispositions side
6. ARVs
7. Cost of repairs
8. They know what cash buyers are looking for, and thus they know what house flipping entails
9. They know what B&H strategies entail
10. They know how BRRR works
11. They know EVERY dang aspect of ALL niches of real estate investing.
12. And a lot more
To be a good wholesaler, you are a God when it comes to real estate investing. So think about it. Do you want to become successful?
Yes right? What do you think it takes to become successful as a real estate investor? You need every single point I just listed ... which is exactly what a good wholesaler is an expert of. So yes, wholesaling IS FACTUALLY the perfect entry-level to REI.
Most people that say it isn't, are lin-fact, shortcutting the process, knowingly or unknowingly. I am not saying that everyone HAS to become a wholesaler. If you don't like it don't do it. I am simply answering the question of whether or not wholesaling is an entry-level strategy. YES, it is.
Entry level does NOT equal "easy".
Entry level simply means to me here, yes you can absolutely start with wholesaling as an entry into the space of REI.
A lot of people want shortcuts. They are lazy, they will work harder on making that shortcut work, but if they just did the actual work that they should do, it would take far less work!
I am where I am because I am a purty dang good wholesaler. This is the reason every single one of my wholesale deals ranges between $50K and $100K (no joke)
This is the reason I buy houses for 30 cents, 20 cents, 5 cents, and even less than 1 cent on the $ (although this 1 cent on the dollar house happened only once though :P)
This is why EVERY single one of my ridiculous high-quality leads is 100% free.
And I do ZERO work to get them. Leads chase me. I don't chase them
All this. My life, my freedom. my financial prowess.. all because I started wholesaling.
Instead of looking at what the easiest way is to hack "success".. acknowledge that it is YOU that needs to step up, and become the person you need to be (whether this includes getting a thicker skin, knowledge, ambition, and pure wrath) to make it happen.
You need to ask yourself, do you have what it takes are you a friggin pushover. If the answer is yes. GO get it. If the answer is no, ask yourself. What are you going to do about it?
So... whatever you decide. It will come with its own challenges. House hacking, begging for money, begging for someone else to mentor you (probably will teach you wrong)... or, man, just step up. Become a beast and dominate your future. That is what I did!
Best of luck