Complete beginner please Help

[Anthony Knight]

Hey everyone.

So I work 2 jobs And pretty much have little to no time to do anything. This  weekend I came across some wholesaling videos buy a gentlemen that goes by flip man. 

So watchIng  his videos inspired me to give it a try. Tired of working my A** off x 2 just to get by. Now in one of his videos he says the number one thing you should do first is educate yourself in real estate.

So my question is. Going into wholesaling, What are the best and most important  areas to educate myself in. And where can I find it or them. 

[David Lee Hall, III]

I recommend start small. For 99 cents you can pick up the ebooks from SmartLazyInvestor on Amazon. The are short and give you actionable workflows. 
Additionally, I recommend if starting out with little time, finding your buyers first. That could go like this:

 Set up Google voice # with mailbox.
Take an area you know there is investor interest 
Put up generic house for sale "handyman " special ad on Craigslist or Facebook REIA group - direct people to your voicemail.
Be specific in the voicemail saying thank you for calling about our wholesale opportunity in XYZ town. We work with investors to find deeply discounted properties. Leave name, cell #, and we will reach back out to you shortly.

Now you call or text these folks, sorry that house went under contract, let me know your buying criteria and I will keep you in mind for VIP access to our deals. 

Now you have 5-10 buyers and know what they want. Since they responded to you ad you have a good idea neighbor and price point they will buy too (if they didn’t tell you on the phone).

The above is basically a free way to get buyers, no skip tracing, less time than searching county records or paying for lists.

Now you just have to go get houses that match the criteria. Since you have 2 jobs, I would make your target area neighborhoods along your commute. Get a second Google voice number and some paper. Take notes while driving on houses that are distressed.anything from high grass, overgrown shrubs, paint flaking, etc.

Now go research direct mail, door knocking, door hangers, how to find the owner of the house, and yellow letters. You can do much of that for free or pay. But either way, there is way too much to write here on all of it.

Also, join a local REIA and participate. This is a people business.

What to avoid: paying for gurus. I own several and a franchise of HomeVestors. There is no need for any of that to start. Once you have done several deals and have banked a little money, then you can start looking at guru purchases to augment your knowledge. Preferably after you can eliminate one job. All gurus make it sound simple. I work 60-90 hours a week in real estate if not more. Doing it on 1 hour a week is tough, and while Tim Farris and the 4 hour work week may be the goal, that requires a lot of systems and reliable people in place to make happen. Fortunately you can evolve RE into something with low cost VAs and runners to handle most items, thus buying you time for important work.