DFW wholesale wanna be.... need guidance

[Kris Williams]

I recently left corporate America in search of a new life in real estate. I looked at rehabbing and flipping, at becoming a realtor and even investing in commercial real estate. Then I came across “wholesale real estate” and the process. I was so interested in how it all works. I’ve read books on it, listen to pod casts and watched you tube videos to better understand. Now I’m at the point I’d like to watch in real life a wholesaler and a day in the life of. I’d love to ask the many questions I have. If your interested in paying it forward and letting me buy you lunch and pick your brain on wholesale real estate, and are in the Dallas Fort Worth area, please contact me. Thank you to anyone and every one who can offer any advise or insight to getting this newbie started. I’m ready to go! Thanks Kris

[Anderson Schulle]

Hi @Kris Williams. Congratulations on this first step. I remember being in your shoes. I was terrified, and overthought everything. So here are two suggestions: 

1) look up REI groups in the DFW area (most are in meetup.com) and attend many meetings and start networking and talking to investors, wholesalers and other professionals

2) don't overthink it, make sure you know how to run comps, how to have a general idea of costs for a rehab, and get your first house under contract (you can use the TREC contract, and just add a 14 day option period, during which you will pitch the deal to investors like me and @Sam Nadar. If it's a deal, we will buy it. If it's not, we will tell you and you can execute your option and terminate the contract.

The REIA part is probably the most important step for you right now. Surrounding yourself with people you can talk to.

Good luck!