What's it like to wholesale real estate?

What's it like to wholesale real estate?

Member since 2020 · 10 posts · 6 votes

Hi - 

I am trying to figure out if my skillset fits wholesaling real estate well. I tend to be analytical and reserved/process-oriented, and not so much a networker. 

With wholesaling real estate, what do you spend your time actually doing? What skills would be best for doing the work? 

Appreciate your help, 

Dan


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Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y

Most my time with wholesaling is spent on the phone working deals. Whenever, and with whoever 

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  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    3y

    Most my time with wholesaling is spent on the phone working deals. Whenever, and with whoever 

  • Title Representative · Irvine, CA · Member since 2017 · 874 posts · 519 votes
    3y

    @Dan Stelter if you read "Traction", which is a book many people in our business work from, it talks about how every good business has a Visionary and an Integrator. The Integrator is more of the COO type who handles systems, processes, back office, KPIs, etc. The Visionary is usually more the sales type person who knows how to source deals and make it rain, but they aren't great with the aforementioned COO tasks. I'm the Visionary, and it took me a looonnggg time to find my COO/Integrator, but I finally did four months ago. So, there is a place for you in the business, but you need to link up with a Visionary/sales-y type person. Where I see issues a lot, are the young guys who continuously follow up with me about getting into the business,but they have no sales personality, nor are they a systems/processes person, thus I don't know where they add value. Real Estate/Wholesaling isn't for everyone. If I suddenly decide to be a barber, pastry chef, pro basketballer player, it doesn't mean I can just do it.

  • Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
    3y

    I hate people, I am very analytical logic and have a healthy doese of common sense.

    I sound just like you don't I. 

    I think networking is a waste of time that only benefit the ORTHER person networking with me. Ego much? HELL DAMN tot he yes I have an ego damn it!

    So go do you, mind your systems and logic and you should make plenty of money!

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