Wholesaling advice to learn off an experienced investor

Wholesaling advice to learn off an experienced investor

Member since 2025 · 1 post · 1 vote
  1. How do you usually find your deals—direct-to-seller, MLS, or from other wholesalers?
  2. What marketing channels give you the best results (cold calling, mailers, texting, PPC, driving for dollars, etc.)?
  3. How do you determine whether a lead is worth pursuing?
  4. What’s your process for estimating ARV (After Repair Value) and repair costs?
  5. Do you use specific software or tools (PropStream, BatchLeads, REI BlackBook, etc.)?
  1. How did you build your buyers list starting out?
  2. What qualities do you look for in a reliable cash buyer?
  3. How often do you work with repeat buyers vs. new ones?
  4. Have you ever had a buyer back out last minute—how did you handle it?
  1. What common mistakes do new wholesalers make that get them into legal trouble?
  2. How do you make sure your contracts are enforceable in this state?
  3. Are there local/state-specific laws or disclosure rules I need to know about?
  1. At what point did you hire help (VA, acquisitions manager, dispo manager)?
  2. If you had to start over with only $1,000, how would you generate your first wholesale deal?
  3. How do you decide whether to wholesale a deal vs. flip it yourself?
  4. What was your hardest deal, and what did you learn from it?

ANY ADVICE IS APPRECIATED THANK YOU! 

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  • Michael K GallagherBusiness Member
    Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
    1y

    @Russell Miller many of these questions can be addressed and have been address on several forums. I'd recommend searching for some of these topics and reading through the posts. you'll find the right people to follow.  

  • Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
    1y

    The best way to learn how to wholesale is to wholesale. My advice would be to get a job with a brokerage that wholesales, learn everything you can, and then go off on your own when you're ready. 

    Wholesaling is not real estate investing, it's marketing and sales. 

  • Alexandria, VA · Member since 2025 · 4 posts · 2 votes
    1y

    Charles -- I've been wholesaling for almost a decade in the Washington DC market and would be happy to chat with you.  There's a lot to cover in your questions above, but shoot me a message and we can connect offline if you still like help.  

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