Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Wholesaling in SoCal can be tough....i haven't found the competition factor a set-back yet..if your really out in the streets, knocking on doors, at your court houses, county buildings consistently you find there are not as many wholesalers as you may think actively wholesaling.....there are quiet a bit of people talking and wanting to get in...i use the county buildings and the court houses for my leads...there are some really great untapped resources and tons of different types of leads you can get from those two places...and of course I have not discovered anything brand new...im just realizing the sucess is in the fight and how hard you want it...when i found out about these two sources i started to pull data from them and let me tell you it was overwhelming...but it was a gold mine...before i made enough money to pay someone to do this for me....i had to spend hours and hours and hours daily scrubbing data....finding address and owners names...etc...i have a system now and it runs smooth...i find some really great deals throughout LA County and Riverside County...I have 2 cash buyers that have bought all my deals...thats another important thing find real cash buyers...when i first started out i didnt have real buyers and i found out other wholesalers were acting as cash buyers just passing my deals on and on and it became a daisy chain leading to no where...Anyway i love wholesaling and i could type all day..if you want some creative ideas to find properties PM me....but dont give up...and don't let anyone discourage you about SoCal...its tough and it will literally make you cry....lol but its great place to start wholesaling...if your willing to put in the work...

They discovered that we feel a loss twice as hard as we enjoy a gain.

I always hired contractors, and did material runs for them several times a week after work and cleaned up jobs on the weekend, which was also time I spent at the properties, discovering issues, thinking about the rehabs and what needed to be done next.

I can definitely help you build your creditstart with the discover secured card.....because it graduates generally after 6 months.

What I do, however, do is this -Prior to the appraisal even being ordered, I put a CBS code on the supra box and keep it a closely-guarded secret.

These 2 are not the same.From the website examples shown,  you can clearly see they have both types of credibility covered.3) Understand the process, understand the contracts, and practice looking and sounding confident and knowledgeable.Now you are ready to open your doors and have prospects discover you.Without this, you are wasting your time and effort,  looking for leads.There is more to this but those are the basics for starting.

@Komal SekhonHouse hacking is a good way to discover a market out of your area, maybe Bakersfield, Oakhurst, or Reno, NV.

Subsequently, we discovered multiple leaks in the roof, resulting in water damage, including mold growth in our closet.

after I closed my last (and biggest) deal of my career I realized the financial docs were off by 64%. I filed a formal complaint with the New Mexico Realtors Association and now there is admission of false/altered doc...