All Forum Posts by: Shawn Clark
Shawn Clark has started 1 posts and replied 183 times.
Post: My first 12 months wholesaling houses in Charlotte! The truth!
- Investor
- Middle River, MD
- Posts 191
- Votes 127
Wow. That seems high. Most wholesalers I've heard from average about $7,000 per deal. How are you making that work? I haven't read the entire thread yet, but did anyone ask that question yet?
Post: My first 12 months wholesaling houses in Charlotte! The truth!
- Investor
- Middle River, MD
- Posts 191
- Votes 127
Originally posted by @Dan Marzec:
@Joe Davalos "From what I've heard on multiple BP podcasts is that if you are able to find great deals as a wholesaler and price your deals attractively, you won't need to worry about a buyer's list."
From what I've seen it can go either way. The buyer list is one of the values that wholesalers bring to the market. OR you can find deals and the deals will find you buyers. For me the deals are the problem, not the buyers, because I would be a buyer myself of a good enough deal.
Post: Who do people assume wholesalers are bad or dishonest?
- Investor
- Middle River, MD
- Posts 191
- Votes 127
I kind of thought they were taking advantage of people too, until I, as a sophisticated investor and agent, actually sold through one myself, just last year.
I actually bought from one in 2003 that tried to take advantage of me as an investor. I know there are shady ones out there.
But what I realized when I sold through one, is that wholesalers actually bring value to everyone involved. I sold through one because they had a buyer list I didn't. They found a buyer in DC that I couldn't find in Baltimore. Win-win. The buyer was happy and so was I.
It's their list of cash buyers which brings value. Or their ability to use their own cash. The general public doesn't understand that.
I've done much of what there is to do in real estate EXCEPT wholesaling, but I'm learning it now.