Wholesaling Vs. Fix & Flip

[Kevin Powell]

I'm a wholesaler (for now) and loving everything I'm learning, all the ups and downs, just falling in love with the process. There's lots of money to be made, relationships to be built, and lessons to be learned in all areas of real estate. However I would love to hear everyones opinion or views on wholesale investing vs. buy and flip and private money lending to fund projects. Please, any insight is appreciated.

[Pratik P.]

@Kevin Perk I've been thinking about this a lot recently. I mainly wholesale but have recently done a few flips with the deals I found. I decided that this year, I'm going to only wholesale and wholetail...no more flips. I found that when I flip a property, it takes up a lot of time and energy away from my wholesaling business. A flip can take around 3 months whereas if I had just wholesaled it, I would have made a nice profit (not as much) in a very short period of time and then moved on to the next deal. 

That being said, I'd suggest you do 1 or 2 flips at some point as it helped me immensely to understand what flippers (my customers) have to deal with. 

A lot of people think that you "graduate" from wholesaling into flipping and then to something else. I just see it as, make the most amount of money you can in the most efficient manner. If the deal makes more sense as a wholesale, do it. If it's better to do some basic repairs and put it on the market (wholetail), do that.