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Updated over 10 years ago on . Most recent reply
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Is 20% a good starting point?
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
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.