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Updated over 8 years ago,
More money in Traditional Real Estate or Wholesaling?
Hey gang,
So this is sort of a tough question, or a loaded question, or whatever we call it, because of all the variables. But here's my present situation and I thought some with experience on both sides could weigh in.
I'm a licensed agent, just signed on with a broker, and also started marketing for the wholesale business about 6 weeks ago (no deals yet, but lots of leads and learned a lot). I'm torn between where I should be putting my time and money, however. Should I be going after traditional real estate deals (since there are lots and lots more of them available, even with a low inventory), or keep pouring everything into my wholesale marketing budget? Or should I continue to do both (the plan right now) on a lower budget?
I'm sure people in both categories will talk about wild success going both routes, but my intuition was to the effect that it's much harder to find a 'deal' than it is to find someone who wants to list their house for top dollar on the MLS (while I certainly do not assume this is easy), but I only have so much time and money, trying to not only create a marketing budget but build systems around both of these businesses. I don't know if it falls into the 'jack of all trades, master of none' category...
And to be fair, I did start marketing only a month ago, so their might be a little 'shiny object' thing going on, but I'm just trying to be a careful and effective short and long term planner. Either way, all roads lead to actually investing in real estate, but I'm trying these avenues to build up some cash, as well as get exposure and networking, etc, etc etc.
Thanks in advance,
Best,
JTM