Realistic wholesale Goals

[Shannon Guertzgen]

Hi All,

So...I am new to all of this. I accidentally stumbled on real estate wholesaling while searching indeed for a job last week. It peaked my interest.

I have my first property under contract.

Can someone tell me (if you feel comfortable) how many deals I can realistically expect to do or what kind of monthly income you are making doing whole sale?

I am trying to feed my motivation and do some realistic goal setting. Thank you. 

[Brian Pulaski]

@Shannon Guertzgen take what was posted as the absolute 100% exception to the rule. 90% of wholesalers may do one or two deals total and have no real "income". Honestly I am probably on close to 10 wholesaler lists, and I have seen maybe 10-12 deals in the past 6 months, with most coming from one company. Those deals are also still being advertised 4-5 months later... The other wholesalers I have yet to receive any deals.

It sounds glamorous on paper, and then posts about 14 people wanting to sell you houses, and $500k deals in 3 weeks all sound awesome. However 99.99% of people will not get these kind of deals.

Realistically, how much do you know about real estate? Can you determine rehab costs, ARVs, are you a good salesperson? There is a lot to it.