Question about Wholesaling RE

Wholesaling
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Question about Wholesaling RE

Abraham Shamosh
Member since 2021 · 46 posts · 13 votes

Hi All,

I  heard a lot about wholesaling real estate and it’s sounds like a good way to enter real estate with a low investment.

Only thing is I get very skeptical when I see gurus on YouTube pushing and selling courses for certain industries. 

My question is, anyone here do wholesale real estate first hand ? And is it feasible and similar to what I’ve heard upon doing my research. 

Thanks 

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Sofia Komrskova
Real Estate Agent · Cleveland, OH · Member since 2025 · 60 posts · 54 votes
1y

Wholesaling teaches you an extremely valuable skill in RE: How to find off-market deals. I'm not sure what you've heard or are expecting, but as with anything in life you generally get out of it what you put into it. 

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  • Sofia Komrskova
    Real Estate Agent · Cleveland, OH · Member since 2025 · 60 posts · 54 votes
    1y

    Wholesaling teaches you an extremely valuable skill in RE: How to find off-market deals. I'm not sure what you've heard or are expecting, but as with anything in life you generally get out of it what you put into it. 

    2Reply
  • Sam Spoerl
    Wholesaler · Littleton · Member since 2021 · 41 posts · 11 votes
    1y

    I can't say that I have done it first hand at all. I did send out mailers at one point but didn't have much luck. But this was not because wholesaling is a scam. But because I didn't put enough work into my campaign. Of course those gurus courses are for sure a scam. Most likely. Some might be legit. But I wouldn't say they would help you anymore than just listening to podcast on wholesaling. I just met two guys at my gym that wholesale but I have not had much of an opportunity to ask them any of my questions. But the real key is to find motivated sellers. Or at least that is what I have gathered. How you do that? marketing such as google adds, Facebook, direct mail and I'm sure the list goes on. I am looking to get into wholesaling and currently i'm putting marketing as my first priority. It is easy to spend thousands of dollars in marketing and have nothing to show for it. It also will help you a lot to learn how to properly calculate ARV as your buyers will want to work with those wholesalers more than one who is just throwing properties at them. That is all I really know . Best of luck.

    0Reply
  • Stephen MoralesBusiness Member
    Jacksonville, FL · Member since 2025 · 402 posts · 205 votes
    1y
    Quote from @Abraham Shamosh:

    Hi All,

    I  heard a lot about wholesaling real estate and it’s sounds like a good way to enter real estate with a low investment.

    Only thing is I get very skeptical when I see gurus on YouTube pushing and selling courses for certain industries. 

    My question is, anyone here do wholesale real estate first hand ? And is it feasible and similar to what I’ve heard upon doing my research. 

    Thanks 

     Hi @Abraham Shamosh,

    I know I'm late to the party but I've done a lot of traditional RE and wholesaling for pretty much a decade. 

    Definitely take the general info that gurus have to gain a general understanding of the business. The best thing you can do though is network with others in the industry, much like you are doing here. 

    Wholesaling is 100% feasible, some say the success rate is 1%, I would say to where  the success rate is more like 10% if you're looking to replace your job and make a little extra than before.

    It is 100% achievable but it is HARD. I would advise having AT LEAST 3 months of capital reserves before you get into the business. Any money you make off your first deal you need to reinvest into your marketing and systems. You will be working 70-80 hours a week when you first start out but you have to if you want to be truly successful. 

    I see a lot of people that want to quit their job to do real estate but they don't realize that you end up taking a pay cut at first and have to work twice as hard for a long time before you start getting the real freedom that you're looking for. 

    But...you cannot tell me that if you pulled a target list of 10,000 properties and you called on a triple line dialer 8-10 hours a day 6 days a week for a month that you will not see results. My point is that it is very hard to fail if you really commit and put serious effort into your success. 

    If you need any help you can always reach out. Good luck!

    [email protected]
    PrimeTracers
    WebsiteView Page
    1Reply
    • Sam Spoerl
      Wholesaler · Littleton · Member since 2021 · 41 posts · 11 votes
      1y

      @Stephen Morales thank you for this confirmation on the process working. Do you have a triple line dialer you prefer?

      1Reply
    • Stephen MoralesBusiness Member
      Jacksonville, FL · Member since 2025 · 402 posts · 205 votes
      1y
      Quote from @Sam Spoerl:

      @Stephen Morales thank you for this confirmation on the process working. Do you have a triple line dialer you prefer?


       So if you are committed to the process, I would look at Kixie. They have one of the highest connection rates of any dialer system but they do require some form of written agreement. Ready mode is a great alternative as they do month to month subscriptions and also provide great connection rates

      [email protected]
      PrimeTracers
      WebsiteView Page
      1Reply
    • Sam Spoerl
      Wholesaler · Littleton · Member since 2021 · 41 posts · 11 votes
      1y

      @Stephen Morales thank you. That's very helpful

      1Reply
    • Stephen MoralesBusiness Member
      Jacksonville, FL · Member since 2025 · 402 posts · 205 votes
      1y
      Quote from @Sam Spoerl:

      @Stephen Morales thank you. That's very helpful


       Anytime! Glad to be of service.

      [email protected]
      PrimeTracers
      WebsiteView Page
      0Reply
  • Nick C.
    Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
    1y

    You're right to be skeptical of the gurus. They'll sell you info that is readily available on the web. The nuts and bolts of wholesaling are simple. 

    What separates a successful wholesaler from a dud is the ability to generate off market properties for below market prices. If you can do this you will have success. The reason for the 99% failure rate is because this is very hard to do. Especially with no money and no experience. 

    1Reply
  • Emily Strong
    Member since 2025 · 16 posts · 3 votes
    1y

    I'm interested in knowing too. I hear people say that you can start without using your own money. I wanted to fix and flip first then wholesale since they say the fix and flip with provide the capital you need. Either way, it has yo be funded from somewhere. If you don't have private money, what is the best option for someone with no out of pocket funds? Completely new to real estate here! 

    0Reply
    • Nick C.
      Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
      1y
      Quote from @Emily Strong:

      I'm interested in knowing too. I hear people say that you can start without using your own money. I wanted to fix and flip first then wholesale since they say the fix and flip with provide the capital you need. Either way, it has yo be funded from somewhere. If you don't have private money, what is the best option for someone with no out of pocket funds? Completely new to real estate here! 


       Those “people” saying that are most likely trying to sell you something. You can start with no money, but you can also get rich playing the lottery. Both of these scenarios are highly unlikely. 

      1Reply
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