Wholesaling Beginners Advice

[Jalen Walsh]

Hello BP!

I joined the platform yesterday after descending down the real estate rabbit hole recently. I've always been interested in the asset class but I'm still learning jargon and insights. I recently came across the idea of wholesaling and I think that it will be a good entry point for me getting experience and building capital for my future investments. I understand the concept but would like some tips and best practices on getting started, finding leads, and what constitutes a good deal for profit to be made on assignments. I'm happy to be here and I look forward to learning and connecting with you all!

[Stephanie Flores]

Welcome to the community! I know what it's like to go down the rabbit hole as well. I had the same concept as you. Start as a wholesaler and work my way into investing on my first property.

You can definitely try to do things on your own ( find a crm, lead generation, marketing etc..) If you have resources then that would be the best way to do it since you will net more for each deal you get.

Or you can find a company that is hiring for acquisitions or disposition positions. You can find a ton on Indeed. Do some research and check them it out, this will expedite the process but the net return might be less since the company will most likely take a higher cut from the assignment fee. 

I found a small company and a mentor and I finally closed my first deal my first month with the company! Totally worth it.

Hope this helps!