Hi! I'm a 21 year old college student in Metro Manila, Philippines who is very interested in the Real Estate Industry. I would like to start in wholesaling because I don't have capital, and so that I can gain experience before getting into rental properties. My problem is that I can't find a community of real estate investors here, and when I ask people I know in the Real Estate Industry, they have no idea of what wholesaling is. This leads me to my question: How can I start in wholesaling in a city that's unaware of wholesaling?
welcome to the site.
Have you entertained becoming an agent? That is a great way to get your foot in the door.
Thank you for the warm welcome and for the immediate reply! :)
I have thought about becoming a real estate agent, but the agencies here are strict about hiring only college graduates, and I'm still finishing my degree on Entrepreneurial Management. My course requires me to start a business as a replacement for our thesis. That's why I'm trying to get into wholesaling, so that I don't need to get hired to start working.
I would like to apologize for my earlier reply. I was stubborn, and I'm trying to fix this stubbornness. I was too focused on wholesaling that I closed my mind from other topics. For that, I'm sorry.
I'm currently looking for a way to become a real estate agent. I found out that I need to find a broker who's willing to take me under his/her wing to start being an agent.
Thank you for the advice Mr. Wise!
Have you tried using Private Money? I'm from Philippines, Davao. I advice you study first your area, find the best locations, compare prices.
I'm currently looking into private money. I have an uncle who's looking for investment opportunities. I want to be responsible with his money if he invests it on a property I'll be showing him.
Thank you for the advice! It's such a coincidence because I just picked up the book "The ABCs of Real Estate Investing" by Ken McElroy, and the same advice is written there. :)
How was your wholesaling journey? If you continued with it, let me know. If there are no wholesaling groups yet ever to be created in Philippines where we are from, then I think it is great to start one. Im currently reading Jay Castillo's blog posts on wholesaling but he seem to not be interested or has no time in giving trainings. He has videos and articles though. Hope there is a mastermind group soon. Could form a facebook group.
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