Is It Really That Easy To Become A Wholesale Investor?

[Curt Davis]

I spend a lot of time here on BP and I happen to notice a lot of people who are new to investing who sign up and say things like the following " I am new to investing so I think I am going to just start wholesaling to get started ".

Now tell me this, where do people who dont know too much about this think they are going to just start wholesaling? I mean come on!!! Someone please tell me I am not the only one who is somewhat offended by comments like this. The reality is wholesaling is not something that you can just do if your new. There are so many elements to what we do that a new person would have no clue whats going on.

I would like to hear other thoughts on this subject just to make sure I am not taking crazy pills.

[Ryan Webber]

NC Mark, you just met several "real" wholesalers.

Yes, wholesaling attracts the idiots like flies to a bug zapper, but that's because it does require the least knowledge and the least capital investment to be successful.

To be a successful landlord you will need to know lease laws, tenant rights, and property management inside and out. That's on top of having skills in finding deals, deal analysis, negotiations, contract law, financing options, networking, marketing, and accounting. And on top of normally needing excellent credit and a large amount of capital.

To be a successful rehabber you will need to have a strong grasp on contractor management and/or remodeling in general. That's on top of having skills in finding deals, deal analysis, negotiations, contract law, financing options, networking, marketing, and accounting. And on top of normally needing excellent credit and a large amount of capital.

To be a successful wholesaler you will need to have skills in finding deals, deal analysis, negotiations, contract law, marketing, and accounting, just like landlords and rehabbers, but you will NOT need to know lease laws, tenant rights, or property management like the landlords and you will NOT need to understand contractor management or much about remodeling in general like the rehabbers. And you will NOT need any credit or much capital. That along with doing it all with little or no financial risk or liability.

The thing is that wholesaling IS the easiest aspect to learn in this business, and it is IMO an excellent way to start off in the business. It allows a new investor to get acquainted with and learn the business and build their network with little or no risk. All the while making or at least trying to make money at it.

Do the village idiots flock to wholesaling? Yes, but that's because of what wholesaling honestly offers. A way to learn the ropes and make money in this business with little or no risk and little or no capital investment.

Does successfully wholesaling require hard work, diligence, and commitment? ABSOLUTELY!!!!!!!! Success in ANY business will require these things, and wholesaling is no different.