Start real estate wholesaling without any money.
Posted by Jesse Davis at Nov 21st, 2008 in Leasing
If you are starting out and don’t have any money, here is what I would do. And, by the way, this is exactly what I did.
Now, if you don’t have a job and don’t know anything about wholesaling real estate and have no money, then you need to get to work. Make some cash somehow through a job so you can live, and then work to build into full time real estate.
I recommend to start talking to real estate investors in your area. Find your real estate clubs and start networking and meeting people. Be bold, tell people you are new and eager to learn and help. Start asking each investor this question: “Is there any way we can do some business together?” Then shut up and listen. Most will say yes. Then find out exactly how you can help the investor either buy properties or sell them and make some money.
The key when you first start is not 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 find someone whom you will be able to help and to learn from.
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 way I met a lot of my mentors in the business. As I was doing that I was developing the skills necessary to get into the business full time.

