Saturday, October 25, 2008

How to start real estate wholesaling if I don't have any money?

By Jesse Davis

When I was starting out without any money, this is what I did.

Well, if you don't know anything about wholesaling real estate and have no money to invest, you will need to have a job and get to work to make some cash so you can live, and then work to build into full time real estate.

What I would recommend is to start talking to real estate investors in your area. Find your real estate clubs and then start networking and meeting them. Be very bold and tell people you are new and eager to learn and help. Start asking each investor you come in contact with this question "Is there any way we can do some business together real fast?" Then shut up and see what they say. Most will say yes. Then push the conversation and see how you can help the investor either buy properties or sell and make a little money.

See, the key when you first start is not really doing your first deal - it is the learning process and the only way to learn is to "Jump in amongst it". If you will ask this question to every investor you meet, sooner or later you are going to meet someone that you will be able to help and you will be able to learn the game from.

This is the key: once you start, you will soon find a way to flip your first deal. Either you will meet sellers or you will meet buyers through connections that you make. It is very easy - and cost nothing but time.

This is how I met a lot of my mentors in the business. As I was doing that I was developing the skills I needed to get into the business full time. - 15224

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