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Updated about 10 years ago on . Most recent reply

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13
Posts
1
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Dan Earth
  • Investor
  • Charleston, SC
1
Votes |
13
Posts

My first wholesale deal

Dan Earth
  • Investor
  • Charleston, SC
Posted

I have been studying about wholesaling since Oct. I am about 80% ready to make my first deal. I have also read the BP's Ultimate Beginners Guide to REI. However I seem to be stuck in "analysis paralysis". I am looking for a mentor to help me threw the whole process. I am wanting to quit my day job before summer.

Most Popular Reply

User Stats

137
Posts
19
Votes
Walter Pape
  • Investor
  • Minnesota
19
Votes |
137
Posts
Walter Pape
  • Investor
  • Minnesota
Replied

Dan, 

I was in your shoes last December. I ended up sending 30 or so messages to people in my area that said something along these lines, "Hi, I am looking to assist your real estate investment business grow. Please, let me know how I can help you out in anyway. I am looking to gain experience in the field and willing to do anything to get it." This got me in contact with a few professionals that pointed me in the right direction here and there. Investors want to know how you can bring value to them and in return you will gain experience. Its a lot better this way than saying, Im looking for a mentor, because it shows you are taking action. Second advice is go talk to properties, and you would be amazed of connections you will make. Email or call people on craigslist, FSBO, and zillow. Some of the time they are investors and this will give you a few minutes to connect with them. In these conversations I get to a point where I tell them that I am starting out and any advice would be appreciated. The good ones spend 20 minutes on the phone with you and give great advice. Last piece, go to REI meet ups and BP meet up. Anson Young is in your area and has a BP meet up. If you have any additional questions please ask me and I'll be happy to help.

Have a great day!

Walter 

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