Saturday, September 4th, 2010

How to start real estate wholesaling without any money down.

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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.

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.

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.

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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