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Updated over 5 years ago on . Most recent reply

User Stats

184
Posts
33
Votes
Todd Douglas
  • Realtor
  • Detroit, MI
33
Votes |
184
Posts

Feeling Stuck, need advice!

Todd Douglas
  • Realtor
  • Detroit, MI
Posted

So, I am a licensed real estate agent in the state of Michigan, but I've been wholesaling for quite some time now. Aside from a couple rentals, making deals is my only income. Wholesaling, in my opinion is dying. Its becoming saturated, not only that, but saturated with those who dont know or care to know about the business. Just chasing a dollar. They make their money by gouging buyers with super ridiculous fees on one deal instead of considering longevity. Anyway, I have a substantial amount of buyers and sellers to fulfill supply and demand. However, I am having a tough time keeping momentum in the aspect of deals. Any advice? I know one is to get an effective assistant so I can be more than one places at once adding value and creating/maintaining more solid relationships. 

Most Popular Reply

User Stats

432
Posts
147
Votes
Saravanan Saravanan
  • Lender
  • Troy, MI
147
Votes |
432
Posts
Saravanan Saravanan
  • Lender
  • Troy, MI
Replied

@Todd Douglas

Try to consider expanding as a realtor for buying and seller agents.  Maybe there would be a real estate office where you can fill in the office and take incoming leads.

See if you can work with another investor who needs help for renovation as a project manager.

Mingle into a few meet up groups in real estate so that we can get some more ideas to expand the real estate operations.

If appropriate; take up a full-time job and get into real estate part-time; until you have a stable income source through real estate, as a business. 

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