How to Wholesale Real Estate For Beginners | First Timer Story
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The video features Dennis Montgomery, a successful wholesaler who has done over 150 wholesale deals. Montgomery explains that most people start wholesaling because it doesn't cost anything to do the first deal and can make money quickly. He also emphasizes that learning how to wholesale is a valuable skill even if your end goal is rentals or flipping. Montgomery explains what a joint venture agreement is and how it works in wholesaling. He shares that he became interested in wholesaling after seeing a fellow wholesaler make $3,000 on a deal that he did all the work on. He decided to find his own deal and found it through a meetup group. He didn't spend any money on advertising and simply connected the seller and buyer, earning a $10,000 check at closing. Montgomery advises new wholesalers to attend meetups, ask questions, and take action. He suggests finding buyers who don't have the time to look for deals themselves and attending meetups to network with potential partners. He also cautions against over-analyzing and encourages taking action and learning as you go. The host shares a joke about asking his dog what four minus four is, and Montgomery advises viewers to subscribe to their YouTube channel for more free content.
The video features Dennis Montgomery, a successful wholesaler who has done over 150 wholesale deals.