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Updated over 10 years ago on . Most recent reply

User Stats

6
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2
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Curtis Hunter
  • Riverton, NJ
2
Votes |
6
Posts

Is 20% a good starting point?

Curtis Hunter
  • Riverton, NJ
Posted

A guy that i work with and his wife have been investing for 4 years now. Wholesaling for the 1st 3 years and flipping for the last year. He seems to be doing well for himself so I have been asking him a lot of questions kind of like a mentor. Anyway long story short he has offered to have his wife teach me all about wholesaling and basically become a wholesaler for them on the deals they want to pursue I guess. The deal is I make 20% of the wholesale while they make 80% plus whatever they make on the flip. But I don't have to risk any of my own money I just have to learn and get some experience until I could do it on my own. The thing is he said something about signing like a 2 year contract before going out on my own. Does this sound like a good deal or way to learn the business ways of wholesaling?

Most Popular Reply

User Stats

303
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320
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Tom Yung
  • Investor
  • Winnipeg, Manitoba
320
Votes |
303
Posts
Tom Yung
  • Investor
  • Winnipeg, Manitoba
Replied

IMO, if you can do all this at your spare time. WHY NOT?

if somebody is holding my hands & teach me the tricks to do a good job. I will bend over & learn as much as possible. As fast as possible.

No pain no gain. If this is really what you want to do, Wholesaling & Flipping.

I will be happy if they just offer me gas money provide they are truly showing me the ropes.

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