Do You Help Newbie Investors?

[Tiara Elise Hatley Williams]

Do you hire bird dogs?

As wholesaling and house flipping have become more mainstream, I've noticed that even more people have flooded the industry. After the Max Maxwell & Gary Vee collaboration, all of a sudden, everyone wants to wholesale. Do you think it's the responsibility of experienced investors to help regulate the influx of newbies in the industry?

As things have gotten more serious legally for wholesalers, I honestly feel that it's important for experienced investors to take initiative to not only educate but also provide opportunities for newbie wholesalers.

As wholesaling without a license and other stipulations has become illegal in several cities and states, it's my opinion that bird dogs will be more prominent in the industry instead of wholesaling. If it is now illegal to place properties under contract without a license, many wholesalers will have no choice but to either virtually wholesale or bird dog in their local market (unless they want to take that risk).

Honestly, I don't think it's "bad" that there are new regulations to abide by. I do disagree that investors are not in control of the protocol. Instead, it's government officials and realtors (most whom may not understand the concept of wholesaling or investing).

To wrap this up, I do believe if investors make it their business to hire bird dogs so that they can transform into ethical, successful wholesalers then we'll slow down the wave of legal issues. Even if the legalities spread to more states, I do think we'll have less complaints about wholesalers who carelessly put houses under contract or conduct unethical business.

What do you think? Do you think investors should start a movement or organization to combat or ease what politicians and realtors are doing in the industry? Do you agree that experienced wholesalers and investors should help newbie investors?

Please share your thoughts in the comments!