New to whole sale looking on how to get started

[Victor Zelada]

so im brand new to whole sale (real estate investing) all i have been doing is watching youtube videos and learning from sean terry , max maxwell , mark whitten. Etc... But i am searching on how i can get started with the market around my area which is kenosha wisconsin and there arent many people doing whole sales around my area. Can anyone here help me get started by letting me know how i can get started with 

how to know my market better ? How to speak with realtors and get comps ? And how can i use the MLS ? What is the ARV ? what would be the MAO ? how to negotiate and close ?

Or should i just shoot for a real estate liscense and would they teach me everything i need to know ? 

[Scott Schultz]

As a WI Broker, It is Shady, and borderline Illegal to Wholesale here, Intent is everything. If you Never Intend to Close if you cant find a contract Buyer, you would be considered to be Practicing Real Estate, or "Brokering"  read State Statute 452.137 the definition of Brokering is Clear, as is the $5K fine is clear as well. You will not find love from Realtors.  Also there are a Ton of Wholesalers in your area, I get asked to be on Cash Buyer lists all the time, but very few bring me deals its the 80/20 rule, 20% do 80% of the deals and 80% do nothing.  

Get your license and practice in the default world for a while to get educated and make some money.  and FYI Pre-license is all law, you learn nothing about actual practice. that comes from your broker/mentor. 



Originally posted by @Victor Zelada:

Aaron K. I do appreciate the feed back , how can i talk to a realtor to try and partner up with me ? A lot of realtors that i talk to either never heard of whole sales or feel its shady ? How can i approach them