Any Tips & Suggestions for a Beginner Wholesaler?

8 Replies

I am a Beginner Wholesaler and I was Wondering if someone Can Give me a  couple pointers to help me start out. Like what should be the First thing I should do as a starter in wholesaling?

Start by using this site. Use the search on the right and use the learn tab at the top. Podcasts are great too.  

Read a lot of articles and forums than come back with a detailed checklist of specific questions. 

@Terrance Little  

Welcome. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 90 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Couple good reads 

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

Thanks Everyone! How would you guys suggest me to find Leads on Motivated Sellers?

LOL. There are so many possible suggestions it would take more than a reply to a forum posting to properly answer. Rest assured Terrence, you are in the right place. Bigger Pockets is one of, if not the best, sources of information available.

I would suggest reading up as much as you possibly can and developing a laundry list of questions, specific questions that you can ask. It has been my personal experience that if you ask 20 wholesalers how they operate, you will get 20 different answers.

Thanks Patrick that is so true.

Originally posted by @Terrance Little :

Thanks Everyone! How would you guys suggest me to find Leads on Motivated Sellers?

Start by taking the advice of everyone above...all the information is out there, you just have to take some initiative...

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