How can I start wholesaling in Sacramento?

Question

Anthony Thomas · Answer

@Exiquio De La Mora Thank you for the welcome! Would love to pick your brain about the real estate market in Sac, and connect.

Anthony Thomas · Answer

@Kim Stofan Thank you for the advice Kim! Looking forward to get my investing journey started. I am 2 weeks away from taking my real estate license exam and hoping this provides further insight.

If you need any assistance on any of your current investments would love to help out any way that I can. Looking forward to connecting.

Tony Thomas

Exiquio De La Mora · Answer

Hey Tony! Welcome BP is a great source of knowledge in all types of REI. I am an active wholesaler and actually currently live in Sacramento. If you have any questions feel free to reach out

Kim Stofan · Answer

Oh!  And reading Finding and Funding Great Deals by Anson Young will be very helpful, too!

Kim Stofan · Answer

Hey @Anthony Thomas  Welcome to BP and to Sacramento!  There are many good BP podcasts on the topic of wholesaling.  Check out episode 18, 31, 42, 69, and 71 to just name a few.  Remember that it is a job and requires a lot of time to get things up and running.  I'd start by focusing on a very small area and branch out from there.  Also, don't give up after the first mailing or campaign, consistency is key.  Good luck!

Cornelius Garland · Answer

@Anthony Thomas Welcome to BP and congrats on getting your start in real estate investing. Wholesaling is great to get started in real estate; however, please realize that it does take money to get started. While you may not have to pay for the property, you need to pay for your marketing and systems. I highly suggest getting your license, especially since you're in such a competitive market. Any way that you can monetize your deals will help you gain momentum and turn a profit.

To get started wholesaling, I would definitely check out the  Ultimate Beginners Guide to Real Estate Investing. I read it several years ago when I first started and it cleared things up for me. Make sure you understand the basics before you dive in. It'll save you a lot of time and money. If you have perseverance, then you'll be able to make it. You just have to push through when things go south. Trust me, they're not going to go well immediately. The people that make it past this rough patch, in the beginning, are usually able to turn this into their full-time gig. I've seen multiple people, like you, come and go over the years. The question is: will you be one of them?

All the best.