Wholesaling partnership

4 Replies

Hello BP,

I am trying to get my real estate business started. I want to start off wholesaling first then go into buy and hold rentals. I do not have a home yet. I have read about the issues people have with wholesaling but I am a very persistent person and have a lot of passion for anything that I get involved in.

I am located in Chicago and I would like to partner with someone who has done wholesale deals, can anyone mentor and assist me in getting started with my goals. I am not a taker or anyone that takes advantage of people. I believe in giving back to those that help you. I would really appreciate it, thank you 

@Elbert Dockery Welcome to BP, 

I would research local investors in the area and just ask them out to coffee. If you haven't read the book by Dale Carnegie, "How to Win Friends and Influence People," I highly recommend it. That's how I got started. Asked them out to coffee and followed the same practices that the book spoke about. Most of the books and seminars you will watch, if they are honest and passionate about what they do, they will preach that the value of wealth is giving. Another route is just to join your local REIA group and network there. It will probably cost you $150-200 but it is well worth it. Plus you can write it off on your taxes when tax season comes along.

Best regards.

Thanks a lot for the advice, I didnt know I can write off the membership of the REIA on my taxes....thanks for that info.

I have the book but havent read it yet. So how do I search for the investors in Chicago? 

@Rapy Narruhn

@Elbert Dockery

Definitely jump on that when you can. Just type in chicago illinois in the search bar and click on the "people" link. 

@Rapy Narruhn ok thanks. And all I would need is to keep my receipt for the tax write off?

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