Whole saling real estate and investing
10 Replies
Devin Rollins
from Omaha, NE
posted about 1 year ago
Just graduated college in May and will be starting my career in business soon but want to learn more about whole saling and investing in real estate. And connect with others like me who want to learn more or can help along the way.
Tyler Combs
Developer from Portland, OR
replied about 1 year ago
Welcome Devin! You'll find that wholesaling is a controversial topic on here. My advice is to learn all you can about all the different approaches to real estate investing. Treat wholesaling as one tool in your tool belt, but don't focus on it as your sole business model.
Barry Pekin
Specialist from Purcellville, VA
replied about 1 year ago
Find your local REI meetings and start attending on a regular basis. Start networking with other investors. This is a great way to see what opportunities are out there and what interests you. You also need to build a network, so why not start there?
Ehsan Rishat
Specialist from Carlsbad, CA
replied about 1 year ago
@Devin Rollins welcome to BiggerPockets! There are tons of resources on wholesaling here. Click on the search on the top right of your window and search with 'wholesaling'. Reading people's posts will help you gather knowledge faster. Also, listen to podcasts and blogs related to wholesaling on BiggerPockets. Attend REIA meetings which is very very important cause you need to build your network too in order to step up.
Devin Rollins
from Omaha, NE
replied about 1 year ago
@Tyler Combs Awesome thank you for the tips! I forsure plan on studying the other ways of investing as well!
Kevin Smith
replied about 1 year ago
Just getting started in in real estate should I start with flipping contracts through wholesaling and cooperative lease options? This seems to take less money and financial leverage being that the end buyer ends up footing the bill In an
A (seller) - B (investor) - C (buyer) transaction!
Adam Mitchell
Flipper/Rehabber from Richardson, TX
replied about 1 year ago
@Kevin Smith I would learn the entire real estate industry and see what facet of the business interests you. Wholesaling for most people is not free. You will either spend a ton of time trying to find deals or money on marketing. I spend $4500+ on my marketing.
I would learn all you can, network with locals and see how to start. Every market is different so what is popular and working in my market may be totally different in yours.
Shelby Hensley
from Houston, TX
replied about 1 year ago
@Adam Mitchell Hey Adam! For your $4,500 budget, how often is that? Montly? Yearly?
Will Barnard
(Moderator) -
Developer from Santa Clarita, CA
replied about 1 year ago
Originally posted by @Kevin Smith :Just getting started in in real estate should I start with flipping contracts through wholesaling and cooperative lease options? This seems to take less money and financial leverage being that the end buyer ends up footing the bill In an
A (seller) - B (investor) - C (buyer) transaction!
You will need to check with the laws in the state in which you intend to operate as many states require you to ge licensed to perform this transaction style.
Most important in my opinion when starting out is to learn your market, build your team, and understand how to properly analyze rehab costs and exit values. You also need to understand purchase contracts and your local laws.
Adam Mitchell
Flipper/Rehabber from Richardson, TX
replied about 1 year ago
@Shelby Hensley monthly.