Newbie starting out wholesaling
Hello BiggerPockets community, this is my first post, I'm 18 years old and would like to get started in the wholesaling business. I had finished the free course and the podcasts on the site and now I would like to get started. I would appreciate it if someone could mentor me and help me with my first deal, longer would be great as well, thank you.
This isn't meant to be harsh, so I hope you don't take it that way. But I've seen dozens of posts that read exactly like this that don't get any replies. Anyone who is truly successful doing real estate shouldn't have time to train someone to be a direct competitor because they read a posting online. That's bad business.
Instead of asking someone to give away whatever years of blood, sweat, tears, and money they've put into their business (otherwise known as experience), why not make an offer to help someone? You don't need a mentor, you need a job.
You're going to have to put in some time and effort working for someone and making them some money to get something in return (knowledge). That's how the world works. Unless you pay a guru for that knowledge, and then you will be broke and right back here asking for the same thing again.
I agree with @Nick C. in saying that you have to bring value to an experienced investor or you may not get much feedback on your mentor request. New wholesalers are in abundance on this site, so you have to set yourself apart from that bunch to let people know you are serious. A few of my own suggestions for you:
- You should set up a profile picture for your account. This way people can put a face with who they are talking to. May seem unimportant, but definitely will have an impact.
- You should draft a post using keywords for your particular area, and let experienced investors know that you are hungry to learn this business, and would be open to helping them in their business in whatever way possible. Now I can tell you now that this won't be some of the most exciting work, but with the right person it will be invaluable as it will teach you a lot by working with them.
- Start attending your local investor networking events, events that are strictly for networking and not selling programs, and come to those events with a pocket full of business cards and do the same thing mentioned in Suggestion #2. Introduce yourself as being new to the business and are looking to work under experienced investors for free, in exchange for learning this business. Get their business cards, take them out for a cup of coffee, and take lots of notes.
- In addition to the above suggestions, be sure to take in the podcasts, read books, the blogs here, and just make sure you're constantly learning in conjunction with action steps.
I'm in the Chicago market, but feel free to reach out if you need any advice or if you have any questions. I actually mentor a couple of newer investors in my market and they have grown into team members within my business, but these are people who are very serious about this business and their actions have shown that--this is why I don't mind putting in my own valuable time to help them become successful. Investors here on the site see that exact same post you made several times a week, only to see some of those same people disappear and never heard of again. Show people that you are different, and stand out by taking massive action to learn this business and never settle for the word "NO". You will get that a lot, but don't get discouraged. Just stay persistent and keep putting in the work and you will eventually get results. Everyone had to start from somewhere, and everyone was new at some point. Good luck, and I wish you the best. Let me know if I can help you out in any way. Look forward to seeing you around the site, and congrats for even looking to get into this business at such a young age.
Originally posted by @Larmon Cummings Jr:
I agree with @Nick C. in saying that you have to bring value to an experienced investor or you may not get much feedback on your mentor request. New wholesalers are in abundance on this site, so you have to set yourself apart from that bunch to let people know you are serious. A few of my own suggestions for you:
- You should set up a profile picture for your account. This way people can put a face with who they are talking to. May seem unimportant, but definitely will have an impact.
- You should draft a post using keywords for your particular area, and let experienced investors know that you are hungry to learn this business, and would be open to helping them in their business in whatever way possible. Now I can tell you now that this won't be some of the most exciting work, but with the right person it will be invaluable as it will teach you a lot by working with them.
- Start attending your local investor networking events, events that are strictly for networking and not selling programs, and come to those events with a pocket full of business cards and do the same thing mentioned in Suggestion #2. Introduce yourself as being new to the business and are looking to work under experienced investors for free, in exchange for learning this business. Get their business cards, take them out for a cup of coffee, and take lots of notes.
- In addition to the above suggestions, be sure to take in the podcasts, read books, the blogs here, and just make sure you're constantly learning in conjunction with action steps.
I'm in the Chicago market, but feel free to reach out if you need any advice or if you have any questions. I actually mentor a couple of newer investors in my market and they have grown into team members within my business, but these are people who are very serious about this business and their actions have shown that--this is why I don't mind putting in my own valuable time to help them become successful. Investors here on the site see that exact same post you made several times a week, only to see some of those same people disappear and never heard of again. Show people that you are different, and stand out by taking massive action to learn this business and never settle for the word "NO". You will get that a lot, but don't get discouraged. Just stay persistent and keep putting in the work and you will eventually get results. Everyone had to start from somewhere, and everyone was new at some point. Good luck, and I wish you the best. Let me know if I can help you out in any way. Look forward to seeing you around the site, and congrats for even looking to get into this business at such a young age.
@Larmon Cummings Jr Thanks for the advice and for helping me out!
No problem, feel free to reach out if I can help in any way. Good luck
Google "Free Wholesale Course". Tons of additional free courses out there! I created one but you might find a better one than what I have put together...