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I often hear people saying you can make $10k in 29 days with wholesaling real estate, but I never see people actually doing it. If this is true, why do beginner investors still work w2’s? It sounds too good to be true. What’s the catch?
It depends what kind of wholesaling business you want to run. I used to wholesale about 100 properties a year. It was a large marketing operation . I have a buddy that is probably one of the largest in the nation and runs his place really well. He makes 7 figures wholesaling. I also know people who only use Craigslist and do about 30 deals a year with little to no overhead. Wholesaling is a great place to start and for some to finish. It’s a great skill to have but most importantly it teaches you how to market and how to learn your market.
Side note - I read a handful of the responses. You should be required to post your deal count from this year before answering . I have a feeling the majority of these answer come from people that haven’t done a deal or certainly less than 5.
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Wholesalers are good for the industry. People that hate wholesalers don’t invest much. It’s a legit lead source they didn’t have to cultivate themselves. Real investors love wholesalers.