Getting cold feet in wholesailing

[Rachel Shinall]

what is the very first thing you did when you started wholesaling real estate? i'm at the point where I really want to get past the education and jump right into action in the field. i'm ready to improve my life financially and start making more contributions but I keep hitting a wall. I feel that there are some subconscious fears that are holding me back i.e. coming off as inexperienced, getting sued, and making mistakes that could be costly or just putting in a lot of effort that may be fruitless. Is there a trick to jumping into wholesaling  without getting caught up in all the logistics?

[Ned Carey]

If you feel that way you are probably not ready. There is probably a gap in your knowledge somewhere. The problem is you are probably learning more and more about the same things but NOT leaning the new things you need to move forward. 

Lots of people read and learn about the basics of the strategy of wholesaling. That is the fun part. One gap that many people have is they don't know how to evaluate a deal. If you don't know how to evaluate a deal you are always going to be afraid to pull the trigger. So learn how to evaluate deals. There is a lot of free information here about how to do that. 

The next place new investors fall sort is knowing their local market. You can know HOW to evaluate a deal but if you don't know your market, you won't know the numbers to plug in the formulas. You are not going to learn you market sitting behind a computer. You learn the market by going out and looking at a hundred houses. 

Think about your own fears and see if addressing the above helps.