Are Wholesalers Unicorns?

[Jeff Copeland]

In other words, do they actually exist?

I am actively seeking rehab/flip properties in St Petersburg and Pinellas Park, FL. I have access to plenty of capital, but I can't find properties. 

I have yet to come across a wholesaler that understands how to evaluate a deal, or be offered a wholesale deal that actually looks profitable and is in my farm area.

I'm doing my own marketing (like a wholesaler) to find offmarket deals (like a wholesaler), but I don't want to be a wholesaler - I actually want to buy properties, and I'd much rather pay an assignment fee for an actual deal than spend thousands on marketing and chasing down motivated sellers.

Maybe it's just my local market, but I'm beginning to wonder if local wholesalers really exist. If you're out there, give me a sign!

Anyone else having good or bad experiences with wholesale deals?

[Chris Mills]

In my experience good wholesalers rarely stay wholesalers. If they're good, those assignment fees start adding up and they soon have the capital and experience to do their own deals, or whatever else they want to do. People who excel at wholesaling and continue to do it are unicorns IMHO.