Sacramento, CA · Member since 2020 · 3 posts · 0 votes
Hi everyone, my name is Noni Ifyefobi and im looking to introduce my self to the BP community after lurking for so many months. I’ve recently graduated from UC Berkeley this May and have completed my real estate course work through the duration of the COVID-19 shutdowns and am waiting on a test date from the DRE. I live in Sacramento California and want to begin wholesaling virtually because of the crowded California market but I also want to try a buying and holding strategy because values in California always steadily rise. I’m open to any and all advice of what big first steps should be and what you did as your first step when you get you were truly “ready” to invest
Specialist · Plano, TX · Member since 2020 · 2k+ posts · 861 votes
6y
Congratulation on your recent graduation, @Noni Ifyefobi. If you know you're interested in wholesaling, start self educating by reading books, listening to podcasts and connecting with seasoned investors on here. It will put you ahead of the game for when you're ready. Best of luck on your journey.
Investor · Sacramento, CA · Member since 2016 · 96 posts · 41 votes
6y
Hi @Noni Ifyefobi. Wholesaling requires a steady flow of deals. So you're going to need to figure out how to make that happen. One method would be direct mail. In that case you will need to find a list seller and determine who, where, how, and how frequently you will contact potential sellers. I've never done this but I hear the response rate is very low and you have to contact folks multiple times. So you need to be in it for the long haul to make it work. I'm sure if you search on BP you will be able to find a lot of info. There are also a lot of folks on the internet that sell courses on how to do this. Good luck.