Beginner Wholesale Investor, What’s Some Good Tips?

[Alexzaundria Carver]

I Just Started My 3rd Source Of Income With Whole Sale Real Estate. What Advice Or Tips Can You Give A Beginner ? Anything Helps. Thank You I Appreciate It.

[Barry Pekin]

@Alexzaundria Carver,

There are all kinds of tips in this forum.  Browse around and see what people have to say.  I say this, not to be lazy, but for two reasons.  First, there's a treasure trove of ideas in here.  And, second, you need to get used to working for things.  Wholesaling requires a lot of personal effort.  You're going to want to find buyers, deals, team members, etc.  And as you are hunting for these things, you're going to have to put in effort.  For example, you might find a great abandoned property where finding the owner may be very difficult.  You may need to search records, talk to neighbors, etc.  Be prepared to put in the hard work.

I would agree with what someone said above.  Wholesaling isn't investing.  It's working to generate cash.  As you do this, however, you will learn a lot about investing and hopefully accumulating cash.  Then, if you want, you can use that toward real estate investment.

Next, network network network.  You need to get to know your cash buyers.  Build a great list and get to know your buyers and what they want.  Along the way, you will find other people to add to your network.

And finally, learn learn learn.  You want to know how to do deals - how to market, how to make offers, how to write contracts, how to execute deals, etc.  I recommend the book, "If you can't wholesale after this... I've got nothing for you."  It's a good roadmap and a pretty easy read.

Good luck!