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What’s the catch with wholesaling?
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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?

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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.

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1 year ago