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Updated over 2 years ago on . Most recent reply

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Ben Lasri
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Hey guys newbie here

Ben Lasri
Posted

Hello to all!

I’m just starting my journey with wholesale real estate and I’m having hard time to determine what location should I start look at and find my first property.

Any thoughts ?

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Jerryll Noorden#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
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Jerryll Noorden#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
Replied

If you are new, I wouldn't worry about location to be honest.

I would worry about experience. Get a few deals under your belt. Doing it virtually makes things significantly more complicated and risky.

I am absolutely not saying you can't do it. By all means I am the first person that will tell you, you can do anything you want, and power to you. But if you are going to do it virtually, make sure you truly understand the nature of the game, the shady nature of people,  boots on the ground, and implementing your strategies of getting that contract signed without you being there.

If you have all this figured out... maybe... 

(even then it is extremely tricky without experience).

So if I were you, get experience in your backyard (depending where yo ulive) and after you see first hand how wholesaling really works that the gurus didn't teach and show you, then devise systems to handle all the things no one taught you, and then fool-proof your systems, and slowly branch out.

I am only now about to go nationwide (sorry America, but there will be a new boss in town) and I have been doing it for several years.

This is not meant to scare you. This is meant to prepare you.

Good luck my little mortal you!

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