Want to start wholesaling - is it for real???
I’m new to BP so hello everyone!
I recently switched jobs and my pay got cut by about 30% (around 40k). A friend of mine sent me a podcast where the topic was wholesaling. The guest basically cold called owners off different lists. 90-95% hung up on him and he had a conversation with 5-10%. The guest said he made $50k his first year, $125k his second and projected to make $200k this year.
Is this for real? I realize there are sellers who have issues, but the whole process seems too simplistic. Get a contract and then just assign the contract to another buyer for $5-10k more? I don’t know, maybe I’m just a skeptical person. And I realize there’s more to it, I’m just making a point.
I work in the oil & gas industry and negotiate with property owners everyday, so this opportunity seems right up my alley, I just don’t want to waste my time. I will spend a lot more time on this site, but was interested in a few opinions on the subject. Thanks very much!