Seeking Guidance on My Real Estate Journey!!

[Randy Tran]

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!

[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!