Back in 2002, I made my first deal as a real estate wholesaler.
I was literally walking the streets looking for a deal when I came across a tired landlord looking to sell his property.
Beforehand, I had already found a buyer and was able to sell the property to them. In the end, after all of the fees and titles, I ended up making a profit of $47k.
To say this was life-transforming is an understatement.
If you’re starting in real estate, you might be skeptical about where investing is headed. Reading the news, you can see that both the Dow Jones and the NASDAQ are down 6% and 17%, respectively.
While I’ve never been a fan of the stock market, I am a trading man and do far better in Vegas than I do in stocks. If you do invest, you probably know that the market tends to react in times of uncertainty.
And boy, were the last 2-3 years uncertain!
Because the market is so uncertain, be sure to check out the new On The Market podcast featuring Jamil and others as they talk about the market, economic trends, and prepare you for the next stage of real estate investing.
For instance, the International Monetary Fund recently held a meeting. Its chairwoman, Kristalina Georgieva, announced that they would become more aggressive on funding.
When Chairwoman Georgieva speaks, investors listen carefully.
With this announcement, plus the uncertainty we’re still facing in other sectors of the economy, bond yields rose, which directly correlates with the economy and explains the rise in mortgage rates.
But even with all of this going on, you can still start investing in real estate.
How? Wholesaling.
Wholesaling is probably the easiest and fastest way to get your feet wet as a new real estate investor. Two big things can help kick start your business:
- Tools and resources
- Buyers ready to purchase
Let’s look at both of these.
1. Invest in a Tool That Helps You Find Properties
When it comes to wholesaling, you don’t need to be at a location…