Foreclosures, New Agent, New wholesaler No Money

Foreclosures, New Agent, New wholesaler No Money

Realtor · Grand Rapids, MI · Member since 2020 · 5 posts · 1 vote

I am a new Realtor with no business, trying to do wholesale deals but haven't closed any. I have no assets no work history no money. I'm 22 fresh out of college and ready to make money and succeed. How do I acquire loans or financing to capitalize on the flood of foreclosures that are coming.

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  • Lender · Playa del Carmen, México · Member since 2014 · 2k+ posts · 1k+ votes
    5y

    Hi @Michael Anderson and welcome to BiggerPockets!

    It's not at all true that you have no assets: You're just not using the ones you have effectively!

    Don't believe me? Here are two examples:

    1. If you are "fresh out of college," then you have access to an entire alumni network that you should be working like it's your job! I guarantee there are people in that world who need your services or who know someone who does!
    2. You have an account here on BiggerPockets. There are active investors and private lenders all over this platform! And yet, your profile here doesn't even indicate the state where you are licensed. What are your skills, your goals? Why should someone want to do business with you? Tell your story in your profile! Just think of all the opportunity you're missing by not having a well organized and compelling introduction paragraph.

    What you focus on, expands. So focus on what you have, not on what you lack.

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