The Drawbacks of Wholesaling

[Steve P.]

The thought of wholesaling is enticing to me as a newbie. This I feel would be my strategy to get started in REI but I haven't closed a deal yet as I am still educating myself on the basics and are somewhat still confused as where exactly I should start my journey. I've gathered many pro's and con's of wholesaling in general but I'd like to hear from experienced whole sellers what the biggest obstacles or drawbacks of wholesaling are for them. What issues do you face in the field? And how have you solved those issues? From what I understand, and correct me if I am wrong, the biggest issues with Wholesaling are the costs of marketing and time is takes to find good deals, seller's getting cold feet once they see you're making a profit and acquiring a list of reliable buyers list. I'd love to get some feedback on this :)