BiggerPockets

I am not sure it is you Turscheca. I think wholesaling is something very few people can do well if at all. It is really not for people starting out, but, rather people who are established and see a deal that they just don't want to do. This happens to me from time to time but I dont ask for money I just pass it on and hope they send me business in the future.

How long do you spend trying to do these wholesale deals? Have you thought about owning a property? This is often a good way to figure out what goes into a deal so that you can represent the deals you find in a more sophisticated way.

Good luck.

In addition to jason's question, you have been looking at doing this since Feb of 2011 which is only 3 months. It took me years before i got to where i am at and 2 years worth of studying before i purchased my first deal.

If you get discouraged that easily, you are destined to fail. Those who are successful have determination and the ability to ride the emotional rollercoaster.

May I recommend you spend the next 3 months highly active on this site and engage in questions and conversations. This will be your best place to get started and it is FREE.

I felt that way in the beginning-just spinning my wheels. A very wise boss/broker asked me if I'd ever been to the drags. My answer was no. He told me that a dragster has to spin/burn his tires before he gets all the grease etc. off and then takes off like a bat out of hell! Fortunately, that is what I did and the dragster is still running. Rich

Everyone above has hit the nail on the head and the only other thing I would add that might sound cliche is 'are you passionate about real estate?' I say this because like most businesses the passion keeps you going when things get tough and real estate is no exception to things getting tough. You need to have real estate pumping through your blood (or at least it gets your blood pumping) or it might not be your cup of tea. If real estate is where your heart is just follow the above and you'll be fine.

Hi, I'm going to thow out a few pounds of reality here. IMO, it's really too bad that there are people who prey on others as much as many gurus do. Saying "if I can do it, you can do it" is really obsurd, since we are all very different. People do not have the same talents, degrees of intelligence, education, social skills or determination. Buying into that guru promotional stuff is a big mistake.

I can tell someone all day how to do an option on a property, point out all the advantages and pitfalls, that does not mean that person can accomplish what I can.
Let's put me back 30+ years, when I began considering RE seriously. No one starts anything with experience, but some will clearly have advantages over others having equal RE knowledge.

To be in RE, you need to have an extraverted personallity, if you are a wall flower, timid and fear meeting people, RE is not for you! You need to be willing to fail in front of people, face to face.

You need some social skills, know not to spit on the sidewalk so to speak. If someone uses foul language as a course of general conversation, they need to clean up their act. RE is a social activity. Someone who can place themselves in different social settings and be socially acceptable in different settings will do much better than one who can not.

Education is a very important factor, formal and street smarts. Your educational background will make up much of your social skills as well as the ability to grasp abstract ideas, comprehend the purpose of laws and regulations to be applied and construct or devise methods in a logical order to solve problems. Your education, like it or not, will determine who you rub elbows with, as people of similar background and beliefs feel more comfortable being with others similar or like themselves.

Determination is a requirement to succeed at anything.. without it you will fail no matter what you do (failing meaning that you will not excell, but may survive or get by). Endurance, the ability to continue toward your goal even after failure is also required in life and very much in RE.

So, when I strated in RE, I had attained a degree of maturity with a better than average command over these aspects than others attempting to do similar things. I had the confidence to try, determination to make it work and the endurance to carry me past failures, and there were failures! Your future is not pre-determined by anyone other than you. Gotta know your limitations, and then overcome them.

Your future in anything should not be based soley on how much money you can possibly make, the monetary perpensity. This is really the basis used by gurus to motivate the public or their market to buy the scheme. You will be more successful in life if you love what you do. I have made more money than most in real estate and related business activities, but that is not what I see as being the most successful aspect of my life. Making real dreams come true for others is by far the greatest accomplishment in my professional career. And I'm not talking about helping investors or others in the industry so much as helping my clients succeed. I must admit, my first few deals were about making money, but when you see the light and understand the big picture of your efforts, hopefully you will love what you doing for other reasons.

So, Tursheca, are you a special person? Can you meet these requirements to be successful in real estate? Do you have what it takes? Only you can answer such questions. Unlike others, I won't encourage you to implement some guru program or buy another book. I encourage you to take a long hard look at what you want to be and how you will define success. If you are willing to be a real estate professional and learn from the ground up, I'd welcome you to a very rewarding carrer choice!

Good luck to you.

But all those late night infomercial RE gurus trot out testimonial after testimonial of every day average people who made $50,000 in their first 3 weeks using their system. Surely, they're not trying to deceive anyone just how easy making money in real estate truly is, could they?

I was told once that frustration and discouragement arise out of unrealistic expectations. IOW, if you believe you should have 5 "deals" under your belt within 3 months, you're going to be disappointed unless you're really lucky. And if you're THAT lucky, you should try Vegas, not real estate. :wink:

I started around the same time and for me the start of any business is in building relationships and networking. That is especially true in RE and success in wholesaling is all about the network. Networking takes time to establish but you'll receive the benefits in the future. Tell everybody that you know what you're doing and before long you will have deals coming your way.

Like many have said, three months is very little time in the scheme of things. Gurus like to tell you that RE is a way to get rich quick and that you can do it with little effort. Both of these notions are far from the truth especially for a beginning investor.

Wholesaling is very much a business and you need to know the business well. You also need to know if you are cut out for the business.

Most successful people are doing what they love. This can be of great help when it seems like you meet constant roadblocks.

Like any business you need to have product, buyers and it always helps if you outshine competitors in some way.

Lots of great advice above. I think you will also be served well if you network more and build connections where ever you can.

Three months is a very short period of time. I have been doing some shadowing, networking, reading books, etc for over a year now. This will not be a easy job by anymeans but at the same time it can be done. I found myself at that point a few times but i keep in mind that with hard work it will all pay off in the long run. I have learned alot from BP i try to read every post keep in mind every forum will not be related to us newbies but in due time it will. In closing your making a big step by posting this forum instead of just giving up and there will be better days. Take Care

Tursheca, I'm sure the people you will be talking to won't confuse you with any other Tursheca's, nice I like it.

Anyway, I take your post as a cry for help, something most of us wanted when we started. When I started there were no gurus, no books except a great one I found on selling land, but I wasn't going to be selling any land.

It was 1955 and I had just turned 16 but you needed to be 21 in those days, but I was lucky, I had a 19 year old brother that was married and thus had the legal capacity to contract and we became partners.

Why this idea to become a real estate investor when I was still in high school with a 20 hour a week part-time job, and a steady girlfriend that wanted me interested in her and not some fantasy. Well the motive was one of my high school buddies families owned the Chevy dealership in town and I saw the new 1956 Corvette touring the dealers to give them a preview before release, and I wanted one.

We started by picking one lead source and then when we got that down pat we would add another. We started with FSBO's figuring they wanted to sell. Our specialty was flats, one unit down stairs another unit upstairs, but we hit everyone until they sold or listed, and with the listed ones, we put them in a tickler file for later follow up. I suggest you start with just one thing and exhaust it.

Our one thing lead to more knowledge, and 4 ways to make money from fsbos, and was the gateway to other sources of leads and the money to do them. Most of all it got us doing an activity that got us out of the wishful thinking, studying stage into the doing stage.

And no I never get the corvette, I kept the 49 Chevy convertible I had, and it was the car my wife and I dated in and eloped in. Loved that car.