I need help!!!

[Kevin Singh]

Hi, I'm new to real estate investing and I just wanted to know if anyone can help me get started. like is wholesaling best to start off or something else?

[Jerryll Noorden]

Quote from @Sandy Miller:

Quote from @Jerryll Noorden:

Quote from @Sandy Miller:

Quote from @Jerryll Noorden:

Hello, all my little mortals. Allow me to inspire you, and give  my 2 cents, and at the same time guide your mindset towards a better standing.

If you are looking for easy.. guess what. You will have a hard time becoming successful.

Wholesaling is difficult. A lot of people say that.

WHoelsaling is not difficult. Not even a little bit. Wholesaling takes WORK. yes. But it is not difficult.

Here is why wholesaling IS ABSOLUTELY an entry-level to REI.

A GOOD wholesaler knows how to do:

1. Lead generation

2. Marketing

3. Negotiating

4. Find cash buyers,

5. Understand contracts, both on the acquisitions and dispositions side

6. ARVs

7. Cost of repairs

8. They know what cash buyers are looking for, and thus they know what house flipping entails

9. They know what B&H strategies entail

10. They know how BRRR works

11. They know EVERY dang aspect of ALL niches of real estate investing.

12. And a lot more

To be a good wholesaler, you are a God when it comes to real estate investing. So think about it. Do you want to become successful?

Yes right? What do you think it takes to become successful as a real estate investor? You need every single point I just listed ... which is exactly what a good wholesaler is an expert of. So yes, wholesaling IS FACTUALLY the perfect entry-level to REI.

Most people that say it isn't, are lin-fact, shortcutting the process, knowingly or unknowingly. I am not saying that everyone HAS to become a wholesaler. If you don't like it don't do it. I am simply answering the question of whether or not wholesaling is an entry-level strategy. YES, it is.

Entry level does NOT equal "easy". 

Entry level simply means to me here, yes you can absolutely start with wholesaling as an entry into the space of REI.

A lot of people want shortcuts. They are lazy, they will work harder on making that shortcut work, but if they just did the actual work that they should do, it would take far less work!

I am where I am because I am a purty dang good wholesaler. This is the reason every single one of my  wholesale deals ranges between $50K and $100K (no joke)

This is the reason I buy houses for 30 cents, 20 cents, 5 cents, and even less than 1 cent on the $ (although this 1 cent on the dollar house happened only once though :P)

This is why EVERY single one of my ridiculous high-quality leads is 100% free.

And I do ZERO work to get them. Leads chase me. I don't chase them

All this. My life, my freedom. my financial prowess.. all because I started wholesaling.

Instead of looking at what the easiest way is to hack "success".. acknowledge that it is YOU that needs to step up, and become the person you need to be (whether this includes getting a thicker skin, knowledge, ambition, and pure wrath) to make it happen.

You need to ask yourself, do you have what it takes are you a friggin pushover. If the answer is yes. GO get it. If the answer is no, ask yourself. What are you going to do about it?

So... whatever you decide. It will come with its own challenges. House hacking, begging for money, begging for someone else to mentor you (probably will teach you wrong)... or, man, just step up. Become a beast and dominate your future. That is what I did!

Best of luck

Can you share some tips about building buyers list from bigger pockets..TIA

 The biggest tip I can give you about cash buyers is to not worry about building a list of cash buyers.

There absolutely is no need to.

Focus on getting great deals. Once you get these, cash buyers will find you. 

Here on biggerpockets I get daily requests from people asking to be added to my buyers list. I have never pitched one single deal to them.

They see I am the authority on finding deals so they ask. Agian, they know I get great deals. So they take the initiative to request to be on my list.

If you really wanted to find cash buyers (you don't need to),  people need to change their mindset.

Do you know ANY wholesaler that eagerly would share their buyers list? No right? WHY?!

I share mine.

The funny thing is, I have never posted a deal on there. (I did once, because I am creating a Wholesaling course and I sacrificed one of my houses, to film how I wholesaled it, and one of the topics of my course was how to do dispositions, so I used my group to wholesale one of my houses).

But regardless... no one shares anything. This keeps the community segmented, and everyone will have a harder time being successful. Instead, if we all worked together,  everyone would become successful. No one would allow someone else to fail.

So want cash buyers? Give them away. That is the best way to get more.

When you provide value, everyone will be attracted to you, connect with you, learn from you and you become the authority.

So my tip is..

focus on getting deals, not cash buyers. The rest will fall in place.

I promise.

Create a group and provide value.

I am taking it one step further.  I am creating a learning community that will house free lessons, and free education, (my wholesaling course will be offered there as well). And not the crap education all these gurus are pushing out like DMM cold calling and texting.

Our wholesale deals literally range between $50K and $100K, and it is SOOOOO incredibly simple. People just can't let go of what they think thy know and that is their downfall.

The only requirement is, to help each other. When that launches, I honestly believe this will be a game-changer.

One for all, and all for one!

Thank you so much ..your response is very valuable and speaks volume..can I send a PM? 

 Sure, send 3 even!

[Courtney Rodes]

Quote from @Adrian Smude:

Quote from @Sandy Miller:

Quote from @Adrian Smude:

Quote from @Kevin Singh:

Hi, I'm new to real estate investing and I just wanted to know if anyone can help me get started. like is wholesaling best to start off or something else?

like others have said, be careful of the education which is more about the person giving the education than you. I started with buy and hold and that’s still my business. I’ve done and still do a little wholesaling but it’s not the best fit for me and it doesn’t grow passive income. Find what’s best for you!  Best of luck, let me know if I can ever be helpful! 

 Hi Adrian , can you share your strategies starting with buy/hold as a new investor . Most people start with wholesaling to raise the initial cashflow..

Sure, I’ll attempt to share best I can within this short writing. 

I find wholesaling to be one of the more difficult strategies because to do it correctly you have to know how to market, determine rehab costs for a rental and a fix and flip, negotiate with a seller, the closing process, etc. as a buy and hold investor I just need the rehab for a rentals, closing process, and landlord. 

As a buy and hold investor I worked a regular job and purchased rentals with my W2 income. Snow balled all the profits back to buy another property. My girlfriend at the time was bankable so she was doing the same. We weren’t buying multiple a year but becoming wealthy isn’t an over night thing. I learned a ton during my journey. I found ways to bring in more profit from less rentals. 
I made genuine relationships then found my niche in the individual mobile home with the land niche. Then I decided to focus only on cash flow so I sold off my equity and traded into CashFlowing mobile homes. 
I did a little wholesaling along the way but that was with properties that didn’t fit me as a buy and hold. My number one goal was always, how could I profitable buy and rent this property? 

I now primarily buy and rent mobile homes which pays for my life and I get to travel and teach what I do, but if I didn’t have my predictable income from my rentals I wouldn’t have the freedom. It sounds like a long process but I got to the freedom line much faster than many fix and flippers and wholesalers I know. 

 I am interested in the mobile home on private land because I already own three of them and they pay me nicely on the rental side. My question to you is, do you invest in these particularly because they are less expensive up front but yet provide rent compatible with a stick built house? 

[Adrian Smude]

Quote from @Courtney Rodes:

Quote from @Adrian Smude:

Quote from @Sandy Miller:

Quote from @Adrian Smude:

Quote from @Kevin Singh:

Hi, I'm new to real estate investing and I just wanted to know if anyone can help me get started. like is wholesaling best to start off or something else?

like others have said, be careful of the education which is more about the person giving the education than you. I started with buy and hold and that’s still my business. I’ve done and still do a little wholesaling but it’s not the best fit for me and it doesn’t grow passive income. Find what’s best for you!  Best of luck, let me know if I can ever be helpful! 

 Hi Adrian , can you share your strategies starting with buy/hold as a new investor . Most people start with wholesaling to raise the initial cashflow..

Sure, I’ll attempt to share best I can within this short writing. 

I find wholesaling to be one of the more difficult strategies because to do it correctly you have to know how to market, determine rehab costs for a rental and a fix and flip, negotiate with a seller, the closing process, etc. as a buy and hold investor I just need the rehab for a rentals, closing process, and landlord. 

As a buy and hold investor I worked a regular job and purchased rentals with my W2 income. Snow balled all the profits back to buy another property. My girlfriend at the time was bankable so she was doing the same. We weren’t buying multiple a year but becoming wealthy isn’t an over night thing. I learned a ton during my journey. I found ways to bring in more profit from less rentals. 
I made genuine relationships then found my niche in the individual mobile home with the land niche. Then I decided to focus only on cash flow so I sold off my equity and traded into CashFlowing mobile homes. 
I did a little wholesaling along the way but that was with properties that didn’t fit me as a buy and hold. My number one goal was always, how could I profitable buy and rent this property? 

I now primarily buy and rent mobile homes which pays for my life and I get to travel and teach what I do, but if I didn’t have my predictable income from my rentals I wouldn’t have the freedom. It sounds like a long process but I got to the freedom line much faster than many fix and flippers and wholesalers I know. 

 I am interested in the mobile home on private land because I already own three of them and they pay me nicely on the rental side. My question to you is, do you invest in these particularly because they are less expensive up front but yet provide rent compatible with a stick built house? 

I invest in mobile homes and teach the topic because not many people are. There’s less competition!  
I love the cash flow and that’s one of the first things that attracted me to mobile homes. They are also recession resistant. 

[Stephen Keighery]

@Kevin Singh wholesaling is a great way to generate income but it's not investing. That is sales and marketing. It can work well with investing though. I wholesale but keep the deals that fit my by box for rentals so the wholesaling business gives me cash and opportunities. If you haven't bought a house for yourself yet I would start by house hacking.

[Courtney Rodes]

I invest in mobile homes and teach the topic because not many people are. There’s less competition!  
I love the cash flow and that’s one of the first things that attracted me to mobile homes. They are also recession resistant. 

Are you talking about in a park or private land particularly? We have lots of both in the area I’m in. This is really interesting to me because I own three manufactured homes on private land. I always thought that the depreciate in value vs a stick built home. But they have proved to be good rentals. 

[Rachel H.]

Quote from @Courtney Rodes:

Quote from @Adrian Smude:

Quote from @Sandy Miller:

Quote from @Adrian Smude:

Quote from @Kevin Singh:

Hi, I'm new to real estate investing and I just wanted to know if anyone can help me get started. like is wholesaling best to start off or something else?

like others have said, be careful of the education which is more about the person giving the education than you. I started with buy and hold and that’s still my business. I’ve done and still do a little wholesaling but it’s not the best fit for me and it doesn’t grow passive income. Find what’s best for you!  Best of luck, let me know if I can ever be helpful! 

 Hi Adrian , can you share your strategies starting with buy/hold as a new investor . Most people start with wholesaling to raise the initial cashflow..

Sure, I’ll attempt to share best I can within this short writing. 

I find wholesaling to be one of the more difficult strategies because to do it correctly you have to know how to market, determine rehab costs for a rental and a fix and flip, negotiate with a seller, the closing process, etc. as a buy and hold investor I just need the rehab for a rentals, closing process, and landlord. 

As a buy and hold investor I worked a regular job and purchased rentals with my W2 income. Snow balled all the profits back to buy another property. My girlfriend at the time was bankable so she was doing the same. We weren’t buying multiple a year but becoming wealthy isn’t an over night thing. I learned a ton during my journey. I found ways to bring in more profit from less rentals. 
I made genuine relationships then found my niche in the individual mobile home with the land niche. Then I decided to focus only on cash flow so I sold off my equity and traded into CashFlowing mobile homes. 
I did a little wholesaling along the way but that was with properties that didn’t fit me as a buy and hold. My number one goal was always, how could I profitable buy and rent this property? 

I now primarily buy and rent mobile homes which pays for my life and I get to travel and teach what I do, but if I didn’t have my predictable income from my rentals I wouldn’t have the freedom. It sounds like a long process but I got to the freedom line much faster than many fix and flippers and wholesalers I know. 

 I am interested in the mobile home on private land because I already own three of them and they pay me nicely on the rental side. My question to you is, do you invest in these particularly because they are less expensive up front but yet provide rent compatible with a stick built house? 

 Many who invest in mobile homes (either on private land or in parks) do so because of the cash flow versus the appreciation. It's a good way for beginning real estate investors to get in and learn a niche with less competition (compared to single-family homes and multi-family properties). 

Those I know who have been successful in the niche have stuck with it and have been doing it for quite some time. Personally, I've been in the business since 2007. It has its ups and downs like any area of real estate. Though, overall it's been quite profitable. 

Hope that helps! 

[Adrian Smude]

Quote from @Courtney Rodes:

I invest in mobile homes and teach the topic because not many people are. There’s less competition!  
I love the cash flow and that’s one of the first things that attracted me to mobile homes. They are also recession resistant. 

Are you talking about in a park or private land particularly? We have lots of both in the area I’m in. This is really interesting to me because I own three manufactured homes on private land. I always thought that the depreciate in value vs a stick built home. But they have proved to be good rentals. 

 Like Rachel said we typically invest for CashFlow. But I'll say I've had a lot of appreciation in my mobile homes over the years. I focus on the home and land, but there can be profitable CashFlow when it's on rented land. Parks of course too, but they have had a big pick up in competition.