Can a Complete Beginner Start Wholesaling?

Question

Hi everyone,

I'm a complete beginner interested in wholesaling. Is it realistic to start wholesaling with no experience and learn along the way?

I'd love to understand the basic workflow from finding a deal to getting paid, and what skills or knowledge I should focus on first.

Any advice from people who started as beginners would be greatly appreciated.

Thank you!

Jay Hinrichs · Answer

Everyone starts somewhere no one was born an experienced wholesaler.

But it is the toughest thing to do in regards to success in RE..

you need money you need time. you need skills as in closing skills etc etc.

failure rate probably 95% of those that try will blow through what ever funds they had go into debt and wish they never did this  LOL.. But there are those that succeed but those folks have skills have money and would do well doing many things not just wholesaling.

Mackaylee Beach · Answer

Welcome to the world of wholesaling! This is a great platform to learn and making connections. The key is to be willing to learn and adapt along the way, as well as to determine your overall goals.

Abir M. · Answer

Thank you very much. I'm trying to understand whether virtual wholesaling is still a realistic business model today. I'm particularly interested in what skills are actually required to find deals, approach sellers, build a network remotely, and consistently generate opportunities.

I've also come across opinions from experienced investors who say that wholesaling has become extremely competitive, margins have shrunk, and that finding motivated sellers and assigning deals profitably is much harder than it used to be. In your experience, how accurate is that view? Is virtual wholesaling still worth pursuing for someone starting today, and what would you focus on if you were beginning from scratch?

Regina Williams · Answer

Hi. Check out leearnoldsystem.com he have a great system for beginners.

Cole Farrell · Answer

Definitely. Everyone starts somewhere! I would highly suggest finding someone or a few people in your network that are experienced and learn from them. A mentor is priceless.

Mohammed Rahman · Answer

Hi Abir,

Yes, it's realistic to start wholesaling with no experience. Every wholesaler started as a beginner at some point. That said, wholesaling is often marketed as an easy way to get into real estate, when in reality it requires a solid understanding of your market, property values, negotiation, marketing, and contracts.At a high level, the process is usually finding a motivated seller, getting the property under contract at a price that works for investors, and then assigning that contract to an end buyer for a fee. The challenge is that identifying a good deal requires knowing what investors in your market are actually willing to pay.If I were starting from scratch, I'd focus first on learning how to analyze deals and understand local market values. Being able to accurately estimate what a property is worth and what an investor would pay is one of the most important skills you can develop. I'd also spend time learning how contracts and assignments work in your state, since wholesaling laws and regulations can vary.I'd also recommend building relationships with investors, brokers, contractors, and other professionals in your market. Successful real estate investors rarely operate in a vacuum. Having experienced people around you can help you avoid costly mistakes and better understand what makes a deal attractive.

Feel free to send over any further questions. My DMs are always open - good luck!

Izaiah Barba · Answer

Hey Abir, yes, a complete beginner can absolutely start wholesaling and learn along the way. That's exactly how we did it.The basic workflow is this: find a motivated seller, get the property under contract, then assign that contract to a buyer for a fee. You're not buying the property, just controlling it long enough to connect the two sides.One way to find sellers is to pull data from Propwire (it's free) and filter for absentee owners, high equity, and pre-foreclosure properties. These are people likely to sell. Then reach out through texting and cold calling. Or you can email as well. When you find someone interested, bring a cash buyer in and watch how they analyze the deal. That's how you learn what buyers actually want, and over time you take that side over yourself.We started in college doing this part-time and are now closing on average 7 deals a month. Takes time to get there but definetly possible.The skills you need most early on are sales and follow-up, everything else you can learn as you go.Happy to share more. Shoot me a DM!

Luran James · Answer

Yes you can start If you are looking for help or tips waiting for your response

Luran James · Answer

Yes you can Focus from scratch and i have achieve so many thing in this wholesaling stuffs

Can a Complete Beginner Start Wholesaling?

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