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Updated over 14 years ago on . Most recent reply
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Whats the point of wholesaleing?
I bought some good properties from wholesalers, my question is this why do they sell them why dont they make full profit on them? So it might be that their is to much for them to oversee but you can always hire help? Am I missing something?
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Originally posted by Mark Claire:
Yes, I ALWAYS keep a blank contract on me, but we close with title agents here. Next step when you find a deal is to get it under contract.
Originally posted by Financeexaminer:
Bill, maybe someday but not yet. I have enough of myself spread out right now. I appreciate the invite, though, and the offer of BBQ.
My point is that if people are still buying and selling houses in your town then I guarantee you that wholesaling could be done profitably in your town.
Deals are slim pick'ns in every town . . . until you figure out a system to find them. Deals don't fall into your lap. Being a successful wholesaler in any town requires consistent and persistent effort. Its not easy. Its work, and most people don't apply themselves consistently and persistently enough in the proper ways to find smoking deals on a consistent basis. That's not just a Springfield, Missouri issue, it's an issue with most wholesalers across the nation. It's an issue with wholesalers in my own town.
Every time I talk to one of the old time investors they always complain that they don't find deals anymore like they used to. Its because the game has changed and there are investors, like myself, that aggressively go and find the deals. There is no low lying fruit anymore, but the old timers still expect it to fall in their laps like it did decades ago. The game HAS changed, but for the investor that is willing to aggressively market and go and find deals there are STILL HUNDREDS of opportunities out there.
Even in MY town, and even in YOUR town.