Is wholesaling as easy as they say?

[Chuk Obiazi]

Hey guys, I have been attempting to get my hands on some real estate since march. I have networked with many people, cold called for a company, learned how to run ARV, how to calculate repairs, all that jazz. I say that to say I am in a negative whole in terms of ROI, Ive spent so much time and money on wholesaling, things like a guru course, buying lists, dialers, and even some Facebook ads. I haven't made a dime but I also do not want to be the guy who just quits. I think the reason for my failures so far is lack of direction and leadership in the field. I do not mind pivoting if it means I will win. I am willing to do anything as far as working calendars for your airbnb operation, being your boots on ground for your out of state properties (I live in College Station Texas), anything that I can do to be of value, in return for some guidance to success in the real estate world.

[David Ramirez]

Quote from @Nathan Gesner:

Quote from @Chuk Obiazi:

Wholesaling is pitched as a way to make easy money. I first learned about it in 1996 from a guy who was super smart with a ton of hustle, but he never made a dime. Everything he did would be his foot in the door, but nothing ever panned out.

Wholesaling rarely pays off, and it is even more rare to make a living at it. You can make far more with a W-2 job and have less stress and time invested.

It rarely pays off because people rarely understand what wholesaling truly is and set unrealistic expectations. I didn't start my real estate journey in wholesaling; I actually began by flipping properties, then transitioned my operations to wholesaling. It’s the best choice I’ve made so far in my real estate journey because of the solid foundation you gain through off-market acquisitions, as well as the deep understanding of marketing and sales that allows me to offer better services. Now, I have more tools in my toolbelt, I can monetize every lead that comes my way, whether through wholesaling, flipping, rentals, novation, or referrals to retail agents.

I agree with you, stress and time investment are the norm, especially when starting out. But any business will bring stress, and you’ll have to put in the time to get the results you're after. If you treat it like a hustle, you’ll get hustle results.