Renting Grunt Work think Should Do Wholesaling

[Robert Carl]

Landlording seems like the grunt work in real estate investing when you have limited funds to start. Think I should have started in wholesaling. I am considering making renting a byproduct and start wholesaling. It seems like renting is alot more work, renovating, showing, background checks, inspections, evictions, break ins,(especially in Baltimore) insurance, and move out/move in cleaning. The list goes on.

Any thoughts?

[Ned Carey]

Originally posted by Robert Carl:

Landlording seems like the grunt work in real estate investing when you have limited funds to start. Think I should have started in wholesaling. I am considering making renting a byproduct and start wholesaling. It seems like renting is alot more work, renovating, showing, background checks, inspections, evictions, break ins,(especially in Baltimore) insurance, and move out/move in cleaning. The list goes on.
Any thoughts?

Hmmm, When wholesaling

• I have to show the property.
• I have to check the buyers finances to make sure they can do the deal.
• I have to inspect the property,
• I sometimes have to remove tenants or squatters to sell the property,
• People have broken into and vandalized properties I was wholesaling
• sometimes I pay to clean out a vacant property full of junk to wholesale it.

That sounds a lot like your list of things you do

A big difference is that when you have a rental the checks keep coming in. When you wholesale a property you get one check and the cash flow stops

- Ned