Texas Wholesalers, Any Success Making Decent Money?

[Randy Miller]

Just wondering if anyone has had any real success working with wholesalers, particularly in Central Texas? After analyzing several properties they've sent me, it seems like they suck out all the profit and then leave you with nothing but risk and very little profit. No wonder wholesalers are popping up like weeds everywhere, a lot of money in that game with no risk and very little capital investment. They're preying on the aggressive "newbie investors" who don't know what a good deal is if it kicked them in the a$$. I've heard they take a minimum of 20% out of every deal they pass along which is insane. I'm starting to believe that you really need to beat them at their own game in order to have any kind of success as an investor. Anyone with a different experience or opinion? Thanks!