is there a wholesaling for dummies book?

Question

Like many have suggested starting out my investment journey with wholesaling to build capitol for a down payment.

I spoke with an agent who said to put a house under contract you need the full amount of cash or someone who has the full amount of cash.

This is when I realized I don't even know where to start.

Any very noob books out there? Is Robert kiyosaki workshops good or is it guru workshop?

J Scott · Answer

Are you willing to spend the next 12 months working to complete your first deal?  If not, wholesaling probably isn't for you.  Wholesaling is more difficult than flipping or landlording, and requires all those skills, plus more.

Now, if you're willing to devote a year to study and doing a deal, then I recommend you spend the next few months learning how to do a rehab/flip.  If you have all the knowledge to do a flip, you just turn your potential flip into a wholesale by selling it before you rehab it.

If you're trying to learn wholesaling without understand all the details of rehabbing/flipping, you're unlikely to be successful long-term -- a good wholesaler generally has all the qualities of a good flipper...plus more.

Jeremy Tillotson · Answer

@Mike Verrona I am about giving back and helping others. So I will give a little of my time to show you the basics if you are then serious and follow thru, I will lead you through a deal, no strings attached, but if you get a Fort Wayne deal please be the first to tell me. Seriously read my profile, I just want to help out others, no guru, marketing or other crap. Just be serious, work hard and make some deals, so I dont feel as if it was wasted time.

Dawn Anastasi · Answer

Here are links to some of the wholesaling podcasts if you want to focus on those:

http://www.biggerpockets.com/show12

• http://www.biggerpockets.com/show12

Sharon Vornholt

• Sharon Vornholt

http://www.biggerpockets.com/show15

• http://www.biggerpockets.com/show15

Glen and Amber Schworm

• Glen and Amber Schworm

http://www.biggerpockets.com/show18

• http://www.biggerpockets.com/show18

Danny Johnson

• Danny Johnson

http://www.biggerpockets.com/show21

• http://www.biggerpockets.com/show21

Jerry Pucket

• Jerry Pucket

http://www.biggerpockets.com/show22

• http://www.biggerpockets.com/show22

Tucker Merrihew

• Tucker Merrihew

http://www.biggerpockets.com/show25

• http://www.biggerpockets.com/show25

Brandon Turner

• Brandon Turner

http://www.biggerpockets.com/show27

• http://www.biggerpockets.com/show27

Jason and Katherine Grote

• Jason and Katherine Grote

http://www.biggerpockets.com/show31

• http://www.biggerpockets.com/show31

Lamar Cannon

• Lamar Cannon

http://www.biggerpockets.com/show33

• http://www.biggerpockets.com/show33

Sam Craven

• Sam Craven

http://www.biggerpockets.com/show34

• http://www.biggerpockets.com/show34

Anson Young

• Anson Young

http://www.biggerpockets.com/show37

• http://www.biggerpockets.com/show37

Aaron Mazzrillo

• Aaron Mazzrillo

http://www.biggerpockets.com/show38

• http://www.biggerpockets.com/show38

Travis Daggett

• Travis Daggett

http://www.biggerpockets.com/show42

• http://www.biggerpockets.com/show42

Mike Nelson

• Mike Nelson

http://www.biggerpockets.com/show43

• http://www.biggerpockets.com/show43

Shaun Reilly

• Shaun Reilly

http://www.biggerpockets.com/show58

• http://www.biggerpockets.com/show58

Justin Silverio

• Justin Silverio

http://www.biggerpockets.com/show65

• http://www.biggerpockets.com/show65

Wendell De Guzman

• Wendell De Guzman

http://www.biggerpockets.com/show67

• http://www.biggerpockets.com/show67

Tim Gordon

• Tim Gordon

http://www.biggerpockets.com/show69

• http://www.biggerpockets.com/show69

Brandon Krieg

• Brandon Krieg

http://www.biggerpockets.com/show71

• http://www.biggerpockets.com/show71

Phillip Vincent

• Phillip Vincent

http://www.biggerpockets.com/show77

• http://www.biggerpockets.com/show77

Michael Quarles

• Michael Quarles

http://www.biggerpockets.com/show91

• http://www.biggerpockets.com/show91

Ben Grise

• Ben Grise

http://www.biggerpockets.com/show96

• http://www.biggerpockets.com/show96

Anson Young

• Anson Young

http://www.biggerpockets.com/show97

• http://www.biggerpockets.com/show97

Kyle Pettit

• Kyle Pettit

http://www.biggerpockets.com/show102

• http://www.biggerpockets.com/show102

Scott Costello

• Scott Costello

Nicholas Miller · Answer

Here is my two step guide to wholesaling

1.  get a contract for cheap

2.  sell the contract for more than you bought it for

Jeremy Tillotson · Answer

MIke,

as you can see I am against the guru. Wholesaling is easy concepts, hard work (sometimes) and most agents dont understand at all. I would be glad to walk you thru the basics.

Mike Verrona · Answer

@Dawn Anastasi  thanks - the podcast really did help. I really liked the first one i listened to buy Brandon Turner.

Morris Lucas · Answer

Try the Real Estate Wholesaling Bible by Than Merrill.

I just started it, has some pretty good tips on marketing, where to find deals, etc.

Mike Verrona · Answer

@Alex M. I'm def gonna go check out those podcasts! Thanks for the heads up

@Jeremy Tillotson - awesome - much appreciated! What may I do for you in return for lending me the time!?!

Odalys Zeoli · Answer

I am trying to start doing wholesaling but not sure how to start.  Can someone help me.  I am a new Realtor so I do have access to MLS.  I am nervous.

Dawn Anastasi · Answer

Sorry, the formatting didn't paste as I had wanted so it looks like a really huge list.

is there a wholesaling for dummies book?

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