Newbie Looking to Florish in Wholesale Market

Rental Property Investor · Los Angeles, CA · Member since 2021 · 6 posts · 0 votes

Hi Everyone, my name is Erron and I'm a couple months in to discovering the big beautiful world of the BPP (Bigger Pockets Podcast) community! Like many of you, I have a strong desire for financial freedom for me and my family. I have a plan to grow from just Wholesaling to eventually Multi-Family properties. I'm also in LA, which is a harder market to crack but I'm up for the challenge. Any advice to me just starting out? Thanks for all your contributions in advance!

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Don KonipolBusiness Member

Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes

@Erron Harris

I’ve read countless posts by various gurus about how to be successful as a wholesaler. And I can tell you that the only approach that has any chance of success is the SEO used by

@Jerryll Noorden . Otherwise, your just one of a million other guys sending postcards, dialing for dollars, SMS ing everyone on site, sending letters to abandoned homes etc. in other words all that other effort is just noise unless you spend $8,000 per month or more.

Private Mortgage Financing Partners, LLC

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Jerryll Noorden
Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
5y
Get a credible website going ASAP! There is where I would start.
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Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
5y
@Erron Harris
I’ve read countless posts by various gurus about how to be successful as a wholesaler. And I can tell you that the only approach that has any chance of success is the SEO used by
@Jerryll Noorden . Otherwise, your just one of a million other guys sending postcards, dialing for dollars, SMS ing everyone on site, sending letters to abandoned homes etc. in other words all that other effort is just noise unless you spend $8,000 per month or more.
Private Mortgage Financing Partners, LLC
Website View Page
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Jerryll Noorden
Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
5y
Originally posted by @Don Konipol:
@Erron Harris
I’ve read countless posts by various gurus about how to be successful as a wholesaler. And I can tell you that the only approach that has any chance of success is the SEO used by
@Jerryll Noorden . Otherwise, your just one of a million other guys sending postcards, dialing for dollars, SMS ing everyone on site, sending letters to abandoned homes etc. in other words all that other effort is just noise unless you spend $8,000 per month or more.

This dude is as wise as he is handsome. Look at that.

And I know everyone here claims the world, everyone is an expert, talk is easy. To show you that Don is right saying that I am right saying that seo is right...

$0 dollars spent

0 Postcards sent
0 Lists Purchased
0 Texts sent
0 Bandit signs placed

0 doors knocked

0 hours worked (other than doing the work 5 years ago)

0 Calls made

0 Leads followed upped (you know what I mean)

0 Words exchanged with seller
0 Effort put in (again other than all the work I did 5 years ago)

Not sure how much more proof anyone would need.

Good luck my man!
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Keonnee Linnell
Realtor · Tracy, CA · Member since 2021 · 35 posts · 13 votes
5y
Hey, don't worry about purchasing anything in the beginning.
A lot of people lose a lot of money in their first couple months wholesaling by buying this, that and the other thing to get leads. My recommendation is work for someone in your area that is doing the job you want to do and learn the game from them. You can go through the struggle of figuring out how this business works without the risk of wasting unnecessary time and money.
You may have to do a lot of grunt work, but you're laying down the foundation of a successful wholesaling business. At the same time you're working for (or with) someone else you need to be networking like a mofo.
Go to all your local meetups and connect with different investors/wholesalers to broaden your buyers list. In this business you get paid to problem solve, and the way you do that is by finding deals and connecting them to someone who could see the value.
Hope this helped.
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