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Updated over 11 years ago on . Most recent reply

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7
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Mike Mitchell
  • Brooklyn, NY
7
Votes |
38
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wholesaling vs Flipping

Mike Mitchell
  • Brooklyn, NY
Posted

Capital aside. Which is easier, which is more profitable, which is more time consuming? Wholesaling or Flipping? Wholesaling. the entire process of finding deals, finding buyers and getting a quick cut in between. Doing alot of these. say 20 per year in at $7500 a piece= 150k or  Flipping, 3 flips profiting 50k each = 150k by way of finding deals, finding money, finding contractors and selling fast. 1.5 wholesale deals a month sounds fair and 1 new flip every four months sounds fair as well.

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17,996
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J Scott
  • Investor
  • Sarasota, FL
17,209
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17,996
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied
Originally posted by @Scott K.:
Originally posted by @Dev Lindo:

@Scott K. ehh as a buy and hold investor. I wholesale to raise capital, just as I do flip. I can imagine some investors work as agents or property manage to do the same. But i guess i wouldnt call myself a "wholesaler". 

yes so the wholesale deals are just you being the middle man.  Middle men are not investors.  Now your buy and hold properties are investments.  There is a huge difference between the two.

Why does the terminology matter?  

You can call me an investor, a businessman, a rehabber, a flipper, an ugly ******* or anything else you want.  It doesn't change what I do or how much money I make.

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