Going to my first REI Meeting

[Cedric Alexander]

Hello BP family, Going to my first REI club event! My niche is wholesaling, what should I expect and how should I prepare myself? I want to ask the right questions, and not be look down on because I’m new to the investing community, want to be in the middle of the conversations and contributing not just in the background! Thank you

[Andrew Engel]

I second what  @Garry C. said. I think new wholesalers sometimes get a bad rap because wholesaling is often touted as an "easy" way to get into real estate investing, so we see a lot of newbie wholesalers come and go. In reality, there is a lot of work involved to become credible. You have to know the market, know how to find incredible deals consistently, and have excellent negotiation skills. 

So in addition to having some deals lined up, be sure you understand the comps/ARV and rehab costs of those deals. If you're way off on those numbers, you'll quickly lose credibility. If you don't have any deals, you may want to network at the meeting to find who are respected wholesalers in the area and learn from them.

Don't worry so much about asking the "wrong" questions. If anyone looks down on you for that, they're not worth associating with. Most investors have the humility to understand that we were all there once and answering questions is our way of giving back.

Best of luck!