I’m a newbie to Wholesaling.
Hi .I’m just starting my wholesaling journey an I’m just seeking any kind of advice from an experience wholesaler that can help me out on this journey.
Most Popular Reply
- Educate yourself ( Biggerpocket forums, youTube, podcast, books, REI events)
- Don't wait too long to get started. If you have $30 , buy you a vumber , leverage truepeoplesearch and netronline , google map , skip trace distressed properties and start calling.
- Assuming you have some money to invest, buy you a mojodialer ( don't worry about to multi line dialer just yet) , buy you some leads on propstream, pay a VA to skip trace or other inexpensive skip tracing services out there.
- Aim for at least 7000 - 10,000 calls before you outsource to a VA(Virtual Assistant) to familiarize yourself with the No's, the curses, the call drops, negotiation, basic seller psychology, etc. In addition , you do not want to miss out on the dopamine rush that comes with seeing a deal through from start to finish.
- Keep learning . let's say you close a couple of deals, at this point you may fall in the temptation of thinking you know a lot about the business but i tell you most solemnly this is just the beginning of the journey. You may beat yourself out for missing deals you wouldn't have if you had pitched creative financing. Make sure you keep contacts of hot leads turn cold and call them back.
- Sellers, buyers and investors are your new set of friends, treat them as such.
- Make tons of money and consider other strategies - buy and hold, brrrr , commercial.
- Time becomes your friend when you move quickly, smartly, and benevolently.
- Build a team when you have gathered enough experience.
Read advice from seasoned wholesalers on here.
Go be great and enjoy the journey.