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Updated almost 8 years ago on . Most recent reply
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Negative Connotation for Flipper/wholesalers and RE Agents?
Hey everyone. I noticed there seemed to be a negative connotation for Flipper/wholesalers and RE agents in the field of finance specifically. I'm currently a freshman at Uni, and a lot of professionals I've spoken to have said that people who have a degree should strive to be in the RE finance field of real estate (PE, REDEV, Investments, etc.) They seem to underlook wholesalers/flippers and agents. I think this is because of several reasons. The first reason is how in RE finance, there is a larger barrier of entry. a couple of months ago (18 y.o), I got my Notary and RE license quite easily so the barrier of entry is extremely minimal. I also think that because the barrier of entry is so minimal, there is a disparity of competence between these fields.
Another reason would be because of the hierarchy. It seems as if agents and flippers are at the bottom of the totem pole with developers, large institutions, and commercial/investment companies at the top. Generally for an agent and wholesaler, the profit potential is ,on average, less. Of course you have the outliers too, but there are only a handful.
I was wondering specifically if anyone feels that there is a negative connotation in this field and their thoughts on this topic as well.
Thank you.
Most Popular Reply
It seems as though you're implying that people with jobs with a lower barrier of entry are "lesser than" people with jobs requiring the generally useless and overpriced piece of paper you call a degree.
Everyone has their place and purpose in the real estate industry. I wouldn't personally choose to be an agent, and for the most part i'm not a fan of wholesalers, but i would never look down upon someone for their choice of careers so long as they're productive members of society. "People who have a degree" should strive to do whatever makes them happy.
Maybe consider seeking career advice from "professionals" who aren't pretentious a$$holes.