Finding deals vs working with realtors

[Stephen Tangwa]

I am a newbie starting off with wholesaling. I have built a buyers list and now talking to realtors who can find me deals. My concern is since they rely mainly on MLS to find you deals, is it not a waste of time since these Will be highly competitive. What are other strategies apart fsbo?

[James Hamling]

I really think the whole term "wholesale" is misleading and over used.

To be in the right frame of mind, the term should be "discount supply specialist".

As a cash buyer, thats who I want to talk to and buy from, a "discount supply specialist", someone who is going to originate investments with a profit margin.

From all I have read from newbie "wholesalers" I seem to see a common theme; trying to do it with little to no work. Thats all late night tv guru bs. The pro's of pro's post over and over again the links and posts of the "how-to". It's work, hard work. A person has to do it how it works, THEN work to improve upon that, stream line, efficency.

In my opinion, don't try to start out reinventing the wheel, just work to make it rounder.

If you focus on "free and clear" homes, which I have been looking into, I think you got a great market with a lot of growth potential in it. Lots of retirees happening, many owning there homes 20+ yrs, equity rich. Lots of potential.

Best of luck to ya, and hope ya hit it hard, put in the leg work.