Updated almost 10 years ago on . Most recent reply
Becoming wholesaler vs realtor
Hey BP, I have been learning about marketing for deals (intend to wholesale most and rehab a few) from here and and from Terry.
Recently at a REI meeting, a realtor put a different perspective I didn't think of. Avg houses in my area is 600k. Avg houses in my surrounding metro area is 400k. Every retail sale realtor fee will be about the same as a "wholesaler fee" (10k net on avg in my area) in profit but with a larger client base since retail is more common. He advised I join his brokerage firm as an agent and is confident being an agent will be easier and more profitable (more deals) when using the same aggressive marketing.
This really did put my world upside down because I've always had the impression wholesaling was this glorious alternative way of generating income in real estate.
Has any wholesaler/realtors go through the same thing and have any experiences they can share?