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Updated almost 4 years ago on . Most recent reply

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14
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Adrian Coleman
  • Rental Property Investor
  • Happy Valley, OR
7
Votes |
14
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Attempting the unheard of... "Ethical wholesaling"

Adrian Coleman
  • Rental Property Investor
  • Happy Valley, OR
Posted

I've been educating myself in real estate as a whole since mid 2020 listening to the podcast (from episode 1) and reading books such as "investing in real estate with no and low money down."

As I gained the knowledge I started to formulate my plan of action, my plan of attack so to speak.... That's when it hit me.....

Why not gain the knowledge of a smart wholesaler.

Yah I know what some of you are probably thinking as I've heard what the vast majority think about wholesaling but done ethically I think it would not only help generate leads but also connections as well.

So my questions to you are, Do you think wholesaling can be done %100 Ethically?

Ie: not putting a property under contract without a buyer in mind.

My thinking was that I can start by finding housing for buyers and not buyers for houses... Seems easier and takes away a lot of the guess work.

Do you think wholesaling is a good place to start? After all my end goal is to buy and hold and or house hacking.

I figured wholesale could help with generating capital in the meantime.

What are your thoughts?

Most Popular Reply

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10,252
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16,112
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,112
Votes |
10,252
Posts
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

Treat your sellers like you'd want yourself or a family member to be treated.  Provide solutions and help them first, then yourself, then your buyer.

I wholesaled and wholetailed a few places that didn't work for me beginning about ten years in.  It is in my opinion the most comprehensive strategy out there. It requires the most knowledge of any strategy I've done. 

When in doubt, do right by the seller and be honest with them always. Ethical wholesaling.

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