BiggerPockets

It's time to get your feet wet. I was nervous and excited at the same time. It's scary because you don't know what to expect, but you won't know how it is unless you try it. Here's a tip since you want to wholesale: don't overprice your deals; leave some equity for the buyers.

What exactly do you fear? Do you understand the process? Are you afraid of what potential buyers might say? Are you afraid that you are not finding deals? Are you afraid you don't know what the ARV might be?

It might help to understand your fear. In my experience the only way to over come most fears is to actually get out and do what you fear. Book knowledge is necessary, but it can't replace experience and the understanding that comes from applying what you learn.

Perhaps you can find someone in your local REI groups that would be willing to let you work with them.

@ Charles I fear that gonna get on the phone with my first seller and or buyer and just go blank. I feel very prepared for this but still have a little doubt in the back of my mind that I can get it done.
Kevin you have great advise on breaking it down. I will vist my REI Group

Sounds like a variation on "analysis paralysis". Some people have to re-read the same thing several times before it takes. Just like in school, some people had to re-take a class in summer school. Better to understand as much as you can if you aren't confident. Experience will build confidence, just as in any other undertaking. The cool thing is that if you mess up, what's it cost you? I'll bet very little when you're just starting out.

You also have to watch out for readings that seem to contradict - there is sometimes more than one approach, and you'll have to determine the approach that fits you.

Refer to these two quotes, there is a lot of truth and reality in them!

"The rich act in spite of fear while others allow fear to stop them"
"The only thing to fear is fear itself"

Mangus, you are relatively new here. I would bet it takes on average 6 months for someone to do their first deal. Of course some will go faster and some slower. What matters is "Are you constantly moving forward?"

Originally posted by Mangus Allen:
@ Charles I fear that gonna get on the phone with my first seller and or buyer and just go blank.

This is why I tell new investors to follow every lead - even the crappy ones. Get practice on the ones that don't matter. The more you talk to people the better you will get. If you screw on up it doesn't matter there are more deals to be had.

Tip 1) Be ready with a few stock answers, often these are just a way to stall.
I'll have to ask may partner and get back to you
I don't know the answer to that. I will check and get back to you

Tip 2) After every call think about what you could have said better. As you think of how ways to say it better, add it to your list under tip #1

@John Espinosa- I heard that one before from a older car salesman. I started looking for a buyer then gonna find the property.

@ Ned Carey- Your advise is also right, and I attend to follow every lead even it goes no where the age old say practice makes perfect.

I would like to thank everyone for giving great advise to me being very honest about my fears.