Wholesaler trying to make a decision that is out of his League

[Ty Ottaberry]

Unintelligent wholesaler trying to make a decision that is out of his League. I have a strategy that my lender and I have worked out where I find a rental property priced around 50k-55k I then get a loan for the property for 75k made out to the owner of the property. Once the check clears the owner takes his desired profit and cuts me a check for the difference  and that's what I used to do repairs on the property. 

wholesaler says he feels uncomfortable  working with me because he's never heard of that strategy. This guy has been wholesaling for under a year.  For one it's not his job to make decisions for the owner  and feel uncomfortable. If the owner doesn't feel comfortable with the transaction then so be it. A wholesaler jobs is to reassign that contract to a buyer and take his skimpy profit. Wholesaling is nothing more than a creative idea, at the end of the day there's nothing professional about it.  He said his buddy makes 7 figures a year wholesaling and he's never heard of the strategy either. In my eyes making 7 figures a year wholesaling is a very unintelligent strategy. Why in the world would you continue flip a contracts only to earn a couple thousand (which by the way gets taxed). The big picture sits right in front of you and it's tax free if you do a 1031 exchange and purchase more cash flowing rental property. If you're going to go hardcore wholesaling just get your damn broker's license for god sakes so you can stop acting like one lol. At least then you can call it professional. These guys go around acting like "investors" and "home buyers" and then make their self look bad when they actually come acrossed a intelligent investor and home buyer. 

If these guys would stop studying the YouTube wholesaling channels  and actually study the investing channels  they would make a damn good wholesaler with the knowledge of an investor .

I understand there's a lot of good wholesaler out there set provide a good solution if you're one then good for you. If you're not go back to the drawing board and forget how to wholesale and learn how to invest because I promise it will make your wholesaling business go a lot smoother and you look back and think holy crap ,I can't believe I traded that property off for a couple thousand dollars I could have made a hundred thousand if I would have had the right knowledge 🤷‍♂️. Mistake noted ,lesson learned ,onto the fast track you go.