Boston, MA · Member since 2013 · 34 posts · 0 votes
I went to a Robert Kiyosaki meeting about 2 weeks ago and wholesaling was talked about for a little bit and since that day I have been researching and educating myself especially on here. As a rookie with no real estate experience any beginners tips on wholesaling will be greatly appreciated.
Hey Maria,
always glad to help another Bostonian or Real estate Investor.
I'm assuming by wholesaling you are not taking possession? You're Selling before your Buying or Selling a Contract to Buy?
There's a gentleman in our Association that has more gumption than most and will go anywhere to meet an owner and propose a sale where he makes money ($5-10k) and his buyer makes money. This is the first hurdle to overcome.
There's a lot to this and a lot of info on BP but do you have any specific questions?
Good Luck Investing, Mike
Welcome Maria J.
Try to be more specific like Paul Sorgi gave you some examples. There is so much to learn about wholesaling. I am a buyer so maybe we can talk sometime. Best of luck
Welcome to BP Maria! Paul did a good job of breaking it down. There is a lot of information on this site about each of Paul's points. You should consider going to local real estate investor networking meetings and learning from people in person. Finally I would recommend looking at Alex Youngblood's full-time wholesaling Facebook group
There are SO many discussions/articles/blog posts here on wholesaling. Try simply searching for the term in the search bar. In the meantime, here are a few places to start:
Thank you gentleman I did not have any specific questions I am just soaking up the information I have read on BP and just looking for some tips for beginners which you all are being very helpful with! I have looked into some REI meetings that I'm hoping to attend soon.