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Updated over 8 years ago on . Most recent reply

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Valerie Stafford
  • Atlanta, GA
0
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11
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Wholesale mentor needed

Valerie Stafford
  • Atlanta, GA
Posted

Hi,

I need help. Does anyone advice on finding a mentor in the Atlanta area willing to guide me in wholesaling? It would be awesome to land my first deal this month with the guidance of someone who can steer me away from unnecessary pitfalls. 

Thanks. 

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Arthur Fuller II
  • Real Estate Investor
  • Los Angeles, CA
31
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Arthur Fuller II
  • Real Estate Investor
  • Los Angeles, CA
Replied

Here is my advice on finding a mentor - be proactive. 

1st what you need to do is go to as many local REIA meeting in your are that your can find. Find out who are the serious wholesalers and flippers in your area. If someone says they do either don't be too shy to ask how much they've done in the past 3-6 months.

Beyond that, learn your market and how to analyze a deal. Both from a flipping perspective and as a wholesaler. 

Work towards getting something under contract. I don't know if you have budget for direct mail. If so, do that. Otherwise get serious about driving for dollars or even putting up bandit signs. Another no-cost-option (other than your time and effort) is to go through craigslist or www.gosection8.com and talk to as many landlords as you have time to call and ask if they're interested in selling their rentals.

Once you have something under contract or someone whom you feel might consider selling contact one of those REAL wholesalers or flippers and ask them to help you go from interest to contract to sale... 

This way you bring value to someone from whom you're asking for assistance - and this way end up getting "mentored" without asking for a "mentor".

Good luck!

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