My name is Maya and I’m located in the Phoenix, AZ area. I’m new to the real estate world but I’m interested in dipping my toes into the wholesale arena first. Any tips for the Phoenix? I’m sure things have changed after all of the pandemic madness and I would like to avoid all of the beginner mistakes :-)
Specialist · Marco Island, FL · Member since 2016 · 225 posts · 56 votes
5y
Hey, all the newbies up there! First off, I'm liking the positivity and camaraderie, because at the end of the day that's what makes this business efficient and fun. I will throw a couple of general tips out that I have come across in my days here. Every market is different, every strategy has different requirements but here are some general universal things to meditate on.
First and foremost. If you find a good deal, everything will fall into place. period. There is so much to learn and people to have to learn from and find and capital to build, and analyzations to consider and blah blah blah, However, if you can focus on finding the deal. People that have experience and investing capital in your market will come out of nowhere.. If you don't have potential business for them, it will most likely take alot of time to find your lenders and contractors etc. and then you still have to find the deal anyway... so TIP 1, is to learn to find properties, and all the other knowledge and contacts will come.
TIP2, meetup . com..... is a great resource to find real estate investors and every other kind of person out there in your exact network, i highly recommend it. along with BP of course. BP is an amazing resource i recommend you sit in traffic listening to the podcast. and eat your lunch messaging people on here. Immerse yourself in the field of investing.
TIP3.. be gentle with yourself and psyche... these things take time, sure there are a few examples of ppl hitting it out of the park immediately.. Just know that typically this takes time to build a full business out of it. You may need to get creative to get a tactical advantage over others. So if it takes longer than you want it to, just breathe.... thats normal, relax your timelines a little bit.
4, as with any business venture ever... GIVE MASSIVE VALUE, period. whatever you can give or information you have.. give it.. not the things you think they value but listen to what they say and solve problems. entrepreneurs solve problems, they take one level of productivity and elevate it to a more efficient version. and because of this money is created. For example, Right now i could tell you several things that i think would be of value to you.. I love the stock market Ill tell you my secrets, Im plugged into real estate in my south florida market, i could be like buy this piece of land... I could talk to you about how I structure tax-free growth accounts maximize the use of whatever funds you have (my bread and butter),,, heck I could even tell you how easy it is to use this promo code thing and you buy a $40 dollar gift card and get one free.. so do i! but the fact of the matter is, you may not want a single option I just listed. What matters is I give the value that I can and personalize it to you, If you want to do business after that, than its your choice. I dont sell, i dont convince, I share. Thats why I love what I do and have no problem typing this novel to you guys. because i genuinely enjoy helping and giving value. If business and profit come from it, then that's even better.... and that is the single most effective mindset ive ever had.
I wish you guys the best, reach out if any of this sounds cool, Ill obviously help with whatever tips and tricks i can. Or if you are having a bad REI day, Ill tell you its ok lol..
My name is Maya and I’m located in the Phoenix, AZ area. I’m new to the real estate world but I’m interested in dipping my toes into the wholesale arena first. Any tips for the Phoenix? I’m sure things have changed after all of the pandemic madness and I would like to avoid all of the beginner mistakes :-)
Have a great weekend!
Hi Maya, read, listen, and read some more! That's my advice. My first couple of years I spent tons of time reading real estate investing books, listening to podcasts, and networking with as many real estate investors I could.
Real Estate Agent · Tempe, AZ · Member since 2018 · 14 posts · 4 votes
5y
Hello Maya, I’m an active Real Estate Agent/Investor looking for my first deal here in the next month or so. Welcome to the Real World!!! Let me know how I can help.
Investor · NH · Member since 2020 · 175 posts · 75 votes
5y
Welcome to BP! Don't be afraid to ask questions on the forums, it is another great way to learn alongside books, podcasts, etc. Good luck starting out!
Lender · Phoenix, AZ · Member since 2017 · 7 posts · 1 vote
4y
Anyone Looking to partner up? I have been doing dispo with a nationwide wholesaling company and now ready to go out on my own and partner with someone.
Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
4y
Hi @Maya Quarles, welcome to BiggerPockets, you are definitely in the right place. Just make sure to consume contents here as much as possible and feel free to ask any questions you may have. We are here to help each other grow. Goodluck
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