Where To Start With Wholesaling?

4 Replies

I know there are a TON of threads already. I really want to give wholesaling a shot this year. Any good books, or courses? I understand how it works... I just don't know where to start. Wholesaling could really help me purchase more rentals. Thanks!

Start by learning how to be a REI. Your buyers are REI, so you must learn to think like them...completely. This means you must know how to analyze, make offers, negotiate and everything else your REI/buyer must know. The only thing a wholesaler doesn't do, that a REI does do, is close.

Next, start compiling a Buyers List of REI that will take your wholesale deals...and find out what the Profiles are of those deals, so you have a road map of what to look for, and negotiate towards.

Then, start putting together a Sellers List of sources for properties, and give them the Buyer Profiles you put together above (minus your wholesale fee of course).

If you understand "how it works" then taking action would be the next step. Otherwise, you will become the perpetual student like most people. Just starting is where you start! Otherwise, you will always be waiting for the "perfect" book or course or whatever excuse it is. ACTION beats everything! 

@Joshua Hollandsworth  

Hey! I'm still new to this as well...But reading has definitely given me allot to get started with. 

I'd recommend the starting with the BP Ulitmate Beginners Guide   https://www.biggerpockets.com/real-estate-investing 

Then reading this thoroughly will give you a deeper crash course on much of the investing strategies out there.  https://www.biggerpockets.com/store/no-money-down-pdf-audio-physical 

And this was a great read  https://www.amazon.com/You-Cant-Wholesale-After-This/dp/1979137641/ref=sr_1_1?ie=UTF8&qid=1518449846&sr=8-1&keywords=if+you+cant+wholesale+after+this+ive+got+nothing+for+you 

I'd highly suggest reading a specific amount of time every day, therefore it becomes routine, and you will start finishing more books and absorbing knowledge and begin practising while still learning more. Knowledge will breed more curiosity, which will lead to more knowledge = Potential Success. Not guaranteed success, but the potential for you to turn the knowledge into financial and life success.
Good luck! Hope to read success stories about you in Forbes! 

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