Wholesale or real game

[Mo Sylla]

Honestly,i am sick and tired of wholesaling. I don't think it is a creative strategy at all. So called investors go sell their souls hard-to the hard money lender-who slaps them with usurious type rate and ridiculous "points." So those investors are already neck deep in debt by the time they walk out of the infernal office. How do they emerge from this abyss?? By turning their guise on a bunch of unlucky people who are stranded in a thousand and one problems. Given that those unfortunate cannot "fight back" due to their circumstances,they have to accept the investor's demands of cutting their own throats to bleed profits. The Great Investor,after acquiring the property below market price,fixes it up,turns around and sells it at market price. 

Is this really a sustainable strategy?? Isn't there a better and smarter way to do real estate??

I want a dispassionate debate about this.