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Updated almost 4 years ago on . Most recent reply

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Leonard Daniels
  • Euless, TX
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Account Closed
  • Investor
  • Indiana
19
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39
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Account Closed
  • Investor
  • Indiana
Replied

Here's the DEFINITIVE answer of whether you should STILL be wholesaling in 2021: 

Wholesalers have grown by the masses due to influencers showing "how easy it is to make $10,000 by doing nothing!" Or whatever they title their clickbait trash. This has made it much more competitive, however, most people suck. Most people don't even find a deal. I promise you the majority of the deals are still going to the same people who were getting deals over 10 years ago, if not they're doing even more. 

All you have to do to get a wholesale deal is to solve the seller's problem before anyone else does. This means putting in TIME and EFFORT finding these potential deals as soon as they come up, going all the way from calling, to texting, to mailing these people, or present yourself as the better "we buy homes" guy to go to. 

If you want easy money, stay the hell away from wholesaling. If you want a lot of money but want to work all day long, do it. But, from personal experience, whenever you do find those sellers who are interested in selling to you, it creates this primal feeling like you just scored the hunt. It's amazing. It's what keeps me cold calling 4+ hours a day on top of highschool, while having 2 people still calling for me. To me it's lost it's "work" feeling. I love it, I love analyzing deals, reaching out to investors and motivated sellers, and coming up with creative ways to destroy the competition. Get to the point where you know the process, and you'll love it too. 

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