Newbies: Considering Wholesaling to Break into Real Estate? STOP! And Read This.


I’ve known this kid for some time. His name is Stephen Barton, and we met for the first time in Lima, when he came down to the meet up I was hosting with a little known BP character by the name of Brandon Turner. I am mentioning Brandon’s name in an article yet again since I know he needs all of the free publicity he can get. (Don’t say I ain’t never done nothin’ for ya, bro.)

I received an email from Stephen a few days back, telling me his story, which added up to essentially expressing frustrations! We agreed that if he were able to put it in writing, I would help him get his message out on the BiggerPockets Blog since I felt the message was right on!

And with that, Stephen’s essay. Please enjoy, and learn from him.

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How it All Started

Two years ago I took the plunge into real estate when I heard a radio announcement for a Fortune Builders event. The advertisement promised that if I was the 10th caller, I could win two tickets to attend.

I just happened to be on my way to school where I was studying business at a community college. I had injured my back from either being in the military or working various constructions jobs in my early twenties. I needed to find a better way to make money than doing physical labor, and school was just taking too long, while the bills were starting to pile up.

I, of course, won the two “free tickets,” and my wife and I were sold before we even arrived to the event. One big problem: Fortune Builders wanted $10,000 just to get started. We could not afford to pay $10,000 cash, and we were not going to take out more lines of credit just to make it happen, like the Fortune Builders staff was pushing everyone to do.

My wife had a full time job, and I had been on Social Security disability for my back. I needed to start bringing in some better income to support our household. It is really tough to live on $900 a month, but I made it work for years.

My wife and I formed our business and started marketing on Craigslist. We got a couple of leads from Craigslist, and one of them sounded pretty motivated. We ran the numbers, made an offer, and lo and behold — the seller accepted our offer.


And Then the Panic Started…

Yikes! We didn’t have contracts. We didn’t have money to close on this deal. And we certainly didn’t have any cash buyers, either. What did we do now?!

I had just found Biggerpockets right around this same time. So, I started picking up the phone and calling anyone who would take my call. A couple of people spent some time talking to me, but one person was willing to take a look at my deal with me. Thank goodness! The best decision I could have made back then was to call BP people.

When this person I had found through BiggerPockets ran the numbers, he said that our offer to the seller of $105,000 was not bad if we were going to flip this deal, but with an ARV of $140,000, we needed to be closer to $91,000 in order to get our wholesale fee.

Related: Why Assigning Contracts Is One of the Worst Business Models for Real Estate Wholesalers

The seller agreed reluctantly to this price, and we were able to complete this deal by selling it to a seasoned investor, who paid around $101,000, all cash. In the end, after closing costs, we each made around $4,500.

This was enough to let me and my wife know that real estate was what we had to do. We knew we had to figure this out. And at the time, we truly thought wholesaling was the way to get there.


The Reality Check

My wife and I got started doing this to simply have more income, period. We thought that wholesaling would be our “meal ticket,” but we have since realized that we are spending more in a month than we sometimes make.

To simply get started with marketing — just get onto Google’s radar, just to get your name out there — can be very expensive. Plus, you cannot “buy” your way onto Google’s page one. You have to “earn” the right to be on page one of any search. So, aside from money, it definitely takes time to gain a name in this business.

Everyone says, “Yeah, just wholesale your way to financial success.” They say, “You can make some money with wholesaling, and then use it to make down payments on cash-flowing rentals.” Be honest, how many times have you read this advice on BiggerPockets and elsewhere?

The reality is that precisely because of this mass mentality, pretty much everyone and their brother is doing the exact same thing you are trying desperately to do. Everyone is trying to get to the coveted first page in Google search. Everyone is sending letters to the same owners and making the same offers.

I am often approached by people much older than me who want to get into this because it just sounds “so easy” and because they, like us, are mislead into believing that wholesaling is a solution to something.


The Truth of the Matter

As a wholesaler, you are sort of like an ambulance chaser. If you think I am wrong, talk to anyone who has ever sent out probate letters. Even if you just send letters to absentee owners, you have to deal with people screaming their heads off telling you to never send them a letter again or they will call the attorney general on you.

Yeah, I know some of you just take that sort of criticism and you feed off of it. For me, I tend to take everything personally, because I actually care about helping people. I simply send out mailers, and I campaign online for the simple reason that there is might be a real need that I can alleviate. And, there really is!

However, to those of you newbies trying to get started doing wholesaling I say, really try to determine what you are really looking for.


There is No Get Rich Quick Scheme

The reality of getting rich quick is that it’s just not a reality. Furthermore, if what you are looking for is stable, recurring income, how is wholesaling ever going to be that? I feel kind of stupid now; all of this seems so obvious. But wholesaling just sounded so good back then — we were sold, and we didn’t have someone to “check our reality” for us.

I believe anyone new to real estate investing should first ask themselves why. Why do you want to be in real estate? What kind of money do you want to make? Why? When do you need it by? Since we all have the same hours in the day, why study this and not that? Why wholesaling and not something else?

For my wife and I, we simply needed more money coming in each month. We needed stable, predictable income. Yet after two years as a wholesaler, I am realizing that the only thing I succeeded in creating was a full-time job!

Yes, a J.O.B. — or being slightly better off than broke. The hope of being able to start off doing deals on your own is not very realistic. The hope of making enough money for down payments on rentals is not very realistic either.

The reality is that there are just so many people wholesaling right now, in any market, in all markets. If you are looking to get started, you need to understand that while the idea of wholesaling can be exciting, it’s really hard work, and the work never stops. You will be taking calls from people who received a marketing piece from you, and they are mad. I have been threatened legally and physically. We have easily spent on average $2,000 per month for the last two years — that’s $48,000 of cold, hard cash just to remain in business.

Related: Hoarder House, Fallen Foundation & Drunken Neighbor: Why Wholesaling Isn’t as Easy as It Seems

Just think, this money could have been put into a nice down payment for a small multi-unit rental property, or in our area, that could have purchased two rental properties for cash outright. These could have rented for $600/month each, and that’s a very conservative estimate. Even going by 50 percent rule, that $48,000 could have gotten my wife and me $7,200 of cash flow — a cool 15% COC return!



My wife and I formed our business because we wanted more stable income each month. Scratch that — we needed more stable income each month. We needed it like a fish needs water, and we thought that wholesaling would get us the money to buy rental properties. Now we have learned that we were sold by the gurus.

Here’s the funny thing, and it showcases how we can sometimes get tunnel-visioned and miss the forest for the trees. Throughout all of this journey, my wife and I have read every article and listened to every public podcast Ben has done, and both of us have always found ourselves drawn to the simplicity and common sense of his philosophy. And yet we were so committed to our ideal that we drowned the logic out!

One of the biggest ideas that Ben comes back to is “start with your why!” There are many ways to make money, but your end goal determines the most appropriate path for you.

I’ve heard many times Ben say, “If what you want is cash flow, why not get started right away?” In other words, if your goal is to start earning passive cash flow, why waste time wholesaling?

My wife and I were always aware of Ben’s philosophy, but chose to look the other way — until this month. We did our year-end, put numbers on paper, looked back at what we’d accomplished, and the reality hit us rather hard. We came up way short! Way short!

It was sort of depressing.

My wife and I talked, and we agreed, in retrospect, that had we just spent the last two years focusing less on the promise of fast cash and more on understanding the principles of cash flow investing and creative finance that have made Ben and so many others successful. Ben does such an a good job of teaching, we know we could have easily had more than a couple of units by now. And with those units, we would have had some recurring cash flow, some principal pay-down, and potentially some appreciation!

Related: An Investor Analyzes: Is Wholesaling a Good Way to Break Into Real Estate as a Newbie?

As I’ve heard Ben say more than once, including on that episode of the CardoneZone show, the beauty of income-producing real estate is that you don’t have to be the smartest guy in the room. Just doing OK deals can help us retire more securely over a period of time.

By contrast, I feel like to be truly successful at wholesaling, you have to become the best, and few people are ever able to get there. We are switching gears this month! It’s never too late to get started. We bought into the hype of wholesaling real estate, but now it’s time for some actual wealth-building.

I hope this helps some of you out there looking toward wholesaling as a means of making it in real estate!

Investors: What has your experience starting out been? Do you think wholesaling is a feasible way to break into the industry? Why or why not?

Let me know with a comment!

About Author

Ben Leybovich

Ben Leybovich has been investing in multifamily residential real estate since 2006. His area of expertise is creative finance. Ben works extensively with private as well as institutional financing. Ben is a licensed Realtor with YOCUM Realty in Lima, Ohio. He is also the author of Cash Flow Freedom University and creator of a cash flow analysis software CFFU Cash Flow Analyzer.


  1. David Roberts

    I dont wholesale, i do mainly fix/holds and fix/flips, but ive found it is definitely more stressful and time consuming up front than i had imagined. I have all excellent tenants and so holding has not been much stress, but dealing with contractors, timelines, inspectors, etc is very stressful, then always worrying about if my numbers are right, fighting the feeling to quit when im engulfed in sh*t, lol. Lots of details are glossed over. You are going from A to B but there’s a whole lot in the middle that takes place.

    Its fun and getting to the payday makes everything worth it, but there’s gotta be a payday.

    • Christopher Lyerla

      David, those words ring so true in my case as well. Great tenant experiences so far (I’ve been in about 4 years now), but I’m dreading the inevitable terrible tenant(s) and definitely need to start factoring in more vacancy in my future purchases for this.

      And even with the great tenant experience, you’re right that contractors and timelines can be very stressful, especially when you have a full-time job and a family at home always putting on the pressure to get done with a job quick and on-budget. My wife and I have had many a day hiring a babysitter in order to work on a house ourselves up to the last minute and feeling the heat when things go wrong.

  2. Sign me up!!! Umm 48k to purchase 2 rentals that both produce $600 per month…where did you say you lived?

    And thanks for this article, I have been looking at wholesaling as a possible avenue for entering further into Real Estate and this article gaves me a good alternate perspective!

  3. Randy Phillips on

    I enjoyed your article. As a wholesaler I know exactly where your coming from. I have also spent a fortune on marketing, of course that’s money I wouldn’t of had without wholesaling Real Estate. I’ve been at if for over 3 years now, the first few years were profitable but I wud take my profits and do extended vacations on a tropical island. This last year I decided to knuckle down and I’ve made more money than I ever have in my life. And the crazy thing is, I’ve worked less at it. I finally decided to get some help doing the mundane.
    The business has a lot of emotional and financial ups and downs but for the most part it’s fun and enjoyable.
    I am in no way the best at what I do and wud probably be optimistic to say I’m good at it. The most important thing I learned is I had to be a good listener, sellers often have heart wrenching stories to tell and if you can be there and be empathetic you will get the deal every time over other investors.
    But I have come to that point where I’m looking for some buy and holds, I’ve built up my credit, my bank account and my confidence.
    Wholesaling is not for everybody, it takes focus, the right mindset and a never quit attitude.
    Also, It’s true that most of our deals come from distressed sellers, but I never take advantage of that, & all homeowners I’ve dealt with are happy to get a fast cash settlement.
    One more thing, there is a lot of competition in my city, but the newbies don’t last long.
    If you have the resolve and the persistence you will be successful as a wholesaler.

  4. Gordon Cuffe

    A wholesaler that I know just put a house under contract for 111k and is selling it for 181k. He probably will make more than the rehabber. He also sends out thousands and thousands of postcards throughout California. I do know many people have wasted a lot of time thinking they could find a fsbo on craigslist then marking it up by 2k and make as easy 2k with 4 hours of work. It never works out that way.

  5. Nicole Pettis

    Great article with much insight. It proves a few things here.

    1.) When you do something just for the money, you will lose the passion for it. It will become a JOB & it will be something that you dread.

    2.) Wholesaling isn’t for everyone. It takes a lot of work, time, ENERGY & money to be successful. You have to be thick skinned & not take things personal. Also, you have to realize if people get mad, they aren’t mad AT YOU, they are just mad. And unfortunately you become their punching bag. However if you love the idea of negotiating, helping people and looking for a great deal, then wholesaling is for you.

    3.) Being in real estate is difficult, no matter what venue you choose. Flipping is stressful because you have to deal with PEOPLE who are not as passionate as you are about getting the job done so you can get the house on the market. While rentals are more passive, you still have to deal with….PEOPLE. Tenants who don’t pay on time, tear up your place and so on. Honestly, none of these niches are easy. It only gets easier through experience because you know how to deal with issues when they come up and you learn that you have to CELEBRATE the WINS, otherwise you won’t last long in this adventure.


    This is slightly alarming, but most definitely true.




    Southover Rd, Toledo, OH 43612
    4 bed 1.5 bath ,1508 sqft
    new roof and kitchen
    purchased on 11/19/13 for $23,000
    zestimate $60,838
    rehab cost $4500
    rented $800 mo tenants pay all utilities
    taxes $125 mo,ins $65 mo,$75 mo repairs
    100% equity return and $535 mo cashflow
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    738 southover rd toledo oh 43612
    3 bed 1 bath ,1199 sq ft
    sold on 7/28/15 for $65,500
    815 southover rd toledo oh 43612
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    sold on 9/16/15 for $60,000
    746 southover rd toledo oh 43612
    3 bed 1 bath ,1091 sqft
    sold on 5/26/15 for $69,900

  8. david bokman

    This is a good article but I wish someone who spend more time telling “newbies” that wholesaling requires a whole set of skills such as sales, marketing, networking and the art of negotiation. Not everyone has those skills….not to mention all the other things that come along with wholesaling that nobody talks about like “cloud” on the title or how to help someone potentially raise the estate. There are so many skills needed and knowledge that “newbie’s” should be very cautious before they start. There are NO shortcuts to the top……you gotta learn to crawl before you can walk!

    • Isaac Simpson

      I’m a “newbie”, so thanks David. I also have a merchant services business, so I possess all those other skills you mentioned too, and I’m used to overcoming massive objections, and hate. I’ve definitely cut my teeth in my extremely competitive industry, to produce a nice piece of residual income that will help finance this (after starting both with ZERO experience) so I’m confident those skills will serve me well within the wholesaling business.

      The main article was helpful, but I was looking at it like; they were brand new, understandably green, and almost sunk the deal altogether, and could STILL turn it around, to bring in $4,500 ea….+++

    • Cheryl Carter

      Thank you David I agree with you 100 percent! I was hoping by reading this article I would come out with more tools in my box, but I feel like I’m learning more from everyone’s comments. Yes, we are all here for one reason or another which always leads to money but where do we turn to to learn the trade and do it well?

  9. Stephen Barton

    Thanks for the comment Randy. I have several new people contacting me each week asking if they can put me on their buyer’s list or something. I offer to help ANYONE who comes to me- yet only one person to date is still fighting to stay in this. Only the strong survive I guess. After two years, I have learned that there are better ways to generate income for my family than creating a full time business in wholesaling. I am very fortunate for the success I have had, and money is not the only motivation. I truly love real estate, and have worked for an immigrant who started flipping houses. I saw his success while working for him, and finally grew the courage to start doing it myself. I had to determine what my “Why” was exactly. Now, I am starting to learn that we are the creators of our own greatness or destruction. Just like taking a risk to start from nothing to completing over 50 wholesales deals last year and now going into buy and hold investing using creative finance. It’s the best of both worlds. Now I get to “cherry pick” the deals that I want to keep for myself. Thanks for all of the positive comments!

    • Stephen Barton

      Oscar I was referring to the 48k in regards to the two years (next month is our 2 yr anniversary) we have spent on an average about $2,000. Some months WAY more and some months very little. This month alone we have spent an easy $3,000. So, you take a solid average of 2k a month times 24 months equals $48,000. As far as our actual gross income I am both a licensed real estate agent and a wholesaler so let’s be clear. Some of my “agent” deals where because I sent someone a letter and they wanted me to list their property. Also, keep in mind that 98% of my wholesale deals have been co-wholesaling with my business partner. We generated $85,000+/- in wholesale gross revenue, and $29,000+/- retail sales revenue helping buyers and sellers for a combined total of around $114,000.

      Thanks Randall for your comment you really know what I am talking about then! Goeff that is so true. Just to really get started in my Indianapolis market took us close to $5,000-$6,000 between getting my license, business entity fillings, etc. I still work with my business partner because we actually do a double close on our deals to show to our end buyers that this is a deal we believe in so much that we will put our money on it. Plus, they have the confidence of knowing that the property has title insurance, and basically has a clear title. I have just now gotten to the point of being able to do my own deals with my own money. This is really exciting now because my potential profits will double instead of getting half. But hey! You have to start somewhere and for a new aspiring real estate investor latching onto someone you look up to and who is already established was the best business decision I made- hands down!

  10. Randall Hunter

    Great read! When I first started researching investing strategies, wholesaling stuck out as this magical idea that I could accomplish with 5 minutes of my spare time. I’ve quickly learned it may be the most challenging strategy to take, especially for a beginner. It seems one basically needs to know how every other strategy works inside and out to be a successful wholesaler. Without knowing how to properly analyze a flip deal, how do I market to and convince a flipper that my wholesale is a good deal?

    • Stephen Barton

      Sorry I am just now seeing this. You do not have to convince. The numbers should do that for you. I see so many people who are getting started that worry about a buyer’s list, buyer’s list. Honestly, I have a list of around 200-300 people and not one of them will buy from me. Maybe one or two other wholesalers might buy a deal I have but seriously, you just need to find a good deal and the buyers will come storming your way. We are seeing a “seller’s market” right now which means sellers are getting over market value and sometimes there are multiple offers on the same house. In one city in my area houses are selling the day the go onto the market. It is crazy!

  11. Excellent article! I encountered quite a few problems myself trying to wholesale and wondered if I was doing something wrong…I’ve since decided to do what most “investors” would consider to be an anathema: keep my job, save up money and go to my local bidding site online and try to get a home that way and then flip it….No negotiation, no haggling w/ an uninterested buyer and no headache

  12. Geoff Anderman

    Thanks for sharing your story, great read. Biggest takeaway from this for me was that wholesaling often gets sold to potential new investors as a way to get started when you have no cash, but that’s not really true b/c it takes cash (as well as a ton of time) to generate quality deal flow.

  13. Oscar Pinto

    I’d like to know where they got their $48,000 from? Was part of this money from wholesaling? If so, how much did they make from wholesaling gross? Would love to know the income and expenses of their wholesaling business.

  14. Stephen Barton

    I got into real estate because I love helping people. I love being a problem solver, and I needed something I could do physically! Making money is honestly just a bonus. You cannot start a real estate business where you actually lose money for the entire first year you are doing it and then tell me I am doing this for the money. If I was in this for the money I would have just been an agent. I do this for the thrill of solving people’s problems as I served in the U.S. Army as a medic! Helping people is in my blood, and real estate was something I always wanted to be a part of. If money was my motivation- I would have quit after the first year when I actually paid money,not made money. Again, one must define their “WHY” statement:)

  15. I don’t do wholesale, too much selling and negotiations, just not right for me, kind of hard actually….. I want passive and stable income, why kill the geese that lay golden eggs? The only reason I would suggest other newbies do wholesale is to use the money earned from wholesale to buy properties.
    There was an article at BP talking about several other ways for newbie to consider instead of wholesaling, including house hacking etc.

  16. Ismael crespo

    Great article and good reality check. I’ve viewed wholesaling as a way to generate extra money to fix my credit and dump down some money on my bills from there I would have a better understanding of the different options in investing and taking 4-5 checks and getting a down payment for a rent and hold and continue from there building my portfolio. Again thank you for the info as I’m still figuring where to take action. Someone on BP recommended bird dogging.

    • Stephen Barton

      Amen to that Hugh. Yes, investing can be really tough. I am dealing with so many phone calls along with my assistant right now. Just grinding it out, but I love the freedom I have in what I do. Eventually, we get where we are going if we push to the end. Being in real estate “ain’t for sissies”! It’s for those who continue to push towards their goals regardless of what someone else is doing, or how much money someone else made. It is about our own individual achievement setting goals for ourselves and then smashing them!

        • Stephen Barton

          Yeah Brad you said it! Strong stomach, and maybe even strong pants or something because one property I went into had fleas so bad my legs were just covered in them literally. I thought something was making my legs itch while I was in a basement just this past summer and man! I looked down and my legs were just being eaten alive by those things. Oh the joys of being a real estate investor- Flip This House has nothing on that!! Ha!

  17. Justin Archer

    My wife and I are currently in research mode and have yet to begin wholesaling (which is why your article caught my eye), but what from what it sounds like you’re talking about traditional wholesaling. What are your (and anybody else who is reading this opinion) on Virtual Wholesaling, Reverse Wholesaling, Co-Wholesaling and/or Virtual Reverse Co-Wholesaling?



    • Justin Archer

      My wife and I are currently in research mode and have yet to begin wholesaling (which is why your article caught my eye), but what from what it sounds like you’re talking about traditional wholesaling. What are your (and anybody else who is reading this opinion) on Virtual Wholesaling, Reverse Wholesaling, Co-Wholesaling and/or Virtual Reverse Co-Wholesaling?



      P.S. Apologies for the double post, but I forgot to select ” Notify me of follow-up comments by email.”

  18. Bart H.

    Really a great article that I take to heart. I always believed that wholesaling was not investing. My goal is to purchase cash-flowing properties for income. I need this cashflow to replace my job income. Thanks Ben for a confirming article.

  19. Vince Mayer

    Well where did you get the $48,000? From wholesaling? These article that knock wholesaling are a dime a dozen. Yeah it’s hard work! Rentals aren’t? What if you don’t have a well paying job or money from a relative? Well I guess I’ll just give up. People are mean. They yell at me on the phone!

    I’ll bet you’ll be more than happy that there are wholesalers around when one comes up with a great property for you to purchase. I mean, since you can’t go out and find your own because it’s too hard and people are mean.

  20. Stephen Barton

    Vince the 48k came from our marketing I explained that we spend about 2k a month for the last two years conservatively. I am NOT knocking wholesaling. I think it is great! I would not be where I am today if I had not been doing this. The purpose of THIS article is to explain to new investors that they should not buy into the hype that wholesaling is some “easy” type of investing. It is a lot of work and I spend a lot of money besides just marketing for deals. It is expensive being in business- period. I am sure you could even agree to that-right? I am still going to wholesale Vince. Nothing is “too hard” as I deal in the trenches everyday. I served my country in the Army and I know what work is. Wholesaling is just “sold” by so many guru’s and the point of the article is to show that I personally see so many “investors” get started “wholesaling” and they never really do a deal. They just market other people’s deals. Now, I am starting to do my own deals, and I have already done one by myself. It is pretty scary but that is investing. I bet you will find if you really read this article and some of my comments that we agree more than we disagree. Give me a chance and I will do the same for you. Never assume anything about anyone- right?

  21. benjamin cowles

    Who wrote this? “Ben”? Stephen? I’m confused. Who exactly didn’t 48k in two years in advertising? Anyway, I’m currently trying a strategy of a combination of wholesaling, flipping, and buy and holding, whichever method is available, preferably buy and hold for ultimate wealth over flipping for much needed cash over lastly wholesaling whenever the other two won’t work but the ball must continue to roll. I’m just starting but I like have the number 3 to focus on. I know others stress focus on one thing but 3 is my magic number. I like the diversity and flexibility it offers and as difficult as I’m sure it will prove to be I believe the worthy education and experience will come quick this way and pay off.

    • Stephen Barton

      Benjamin- Both Ben and I collaborated on this article. Regarding the 48k it was just in reference to a conservative average based on the fact that I easily spend 2k a month for the last two years on marketing- some months more, and some months I spent a little less. The ACTUAL point of this article was simply to discuss how so many “guru’s” literally push aspiring real estate investors into wholesaling. This “push” from so many to start wholesaling has really forced me to seriously take a look at why I see so many “newbies” who I see enter my marketplace for a few months and why they seem to “drop like flies” in very short order. I believe wholesaling can be a great strategy for those who are well organized and who have a certain staying power/ and or sheer will power to stay their course. It is NOT easy as some guru type’s may try to push, and maybe more people (like me) could have focused more on goals of using creative finance to obtain buy and hold properties- which is why I got into this in the first place. The point was not to “bash” wholesaling. Your strategy should serve you well as long as you just don’t quit. Just realize that it is REALLY hard work and nothing worth having in life comes easy. You sound pretty determined to get where you want to be and I am excited to see where you are in a couple of years from now. Thanks for your comment Benjamin!

      • benjamin cowles

        Thanks. I got the point of the article and yes, I hope to report back positively down the road rather than falling off into the pile of statistics, if not for another equally rewarding pursuit *fingers X’d*. I’ve much confidence in my future outcome of this endeavor tho.

  22. Jae Jeter

    So i am a newbie so to speak I am in research mode i say so to speak because i worked with an investor who did a lot buy and hold and fix and flip as well as a little indirect wholesaling. @randy I like what you said you spend a lot of money marketing but you wouldn’t have that money if you did not wholesale as i believe the same is true for the Ben. Also he explained that hes been doing this for two years so something worked for him if he never made any money he would have quit a lot sooner. also he stated he was in need of money fast and school wasn’t quick enough. I point out these things because i think the article made wholesaling sound negative. i sure was discouraged after reading it. However i understand why it was written. I think its important to mention a few thing here.

    ! Nothing in real estate is easy not even a traditional agent
    2. if you don’t have money or great credit to invest i think wholesaling is a good place to start ( by money i mean enough to buy a house)
    3. in my experience you have to be good or very knowledgeable about all the things mention in every aspect of rei or even tradition real estate agents.
    4. he felt after two years he had a job but look what it provided freedom and he wasn’t sitting at a cubicle
    5. i think wholesaling is a way to break in to REI
    6 The market one is in needs to be considered im in a sellers market more buyers than inventory
    7. lets be Honest everybody is in real estate for more or at least its potential its a career not a JOB no one wakes up and saids hey I want to be a real estate investor what attracts people is its potential without having formal education or people who just don’t want to work a regular 9-5 ( i am both of these )

    With all that said I need to look into this creative financing thing. and in conclusion i think there’s nothing wrong with wholesaling i think that its a little luck a lot of skill and a continuous learning process along with a lot networking a connections.

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