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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, really quick just to cover this scenario – if you don’t have a job and don’t know anything about wholesaling or 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.
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.
It’s very important: once you start, you will soon find a way to flip your first deal. You will meet sellers and you will meet buyers through your connections. It is very easy and cost nothing but time.
I met a lot of my mentors in the business this way. As I was doing that I developed necessary skills to get into this business full time.
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