Wholesaling Newb in Texas

[Pete Garcia]

Hey everyone!! 

I'm Pete Garcia from Texas specifically in the San Antonio/Boerne area. I'm new to RE Investing but looking to start and get my feet wet with wholesaling. For the past several months now I figured I'd educate myself before taking the plunge so I've been reading BP posts and listening to the webinars and podcasts in the background. I know there is still a ton to learn and I may not know it all but, I got to start sometime right? keyword being "start" :) My plan like others is to start with wholesaling and get some deals under my belt and keep reinvesting the funds to move into other niches down the road. Here in BP I'm hoping to connect and meet with other investors to pick your brain for ideas, guidance and advice so that I can provide good/great deals where everybody is happy.
 
To start out I do have one question I need help with. I see a lot of members stating that if your new to REI you should first focus on getting your buyers list rather than focusing on finding deals. Others state the opposite by focusing on the deals and the buyers will come. As a newbie I would assume finding deals is what a wholesaler does so naturally that should be the focus but I'm not sure I'm just starting out here... Can anyone provide some more insight on this?? Ready and eager to assist buyers and other investors.

[Rafael Norat]

Hey Pete. Your question will be answered and debated many many ways, as there are multiple approaches to your path there.

I would suggest finding a seasoned wholesaler in your area and trying to help them with their deals to learn quickly and sink your teeth in on some real-life action.

Me personally, I would start on by finding SERIOUS PROVEN BUYERS, which you can find at your local REAs. Once you know them and their criteria, you can build campaign fully knowing you have the buyers end covered. You'd also learn tons from them during the process. I believe in having a handful of serious buyers than a database of unknowns..

Hope that helps.