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Updated over 4 years ago on . Most recent reply
![Paul Logsdon's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1294099/1621511065-avatar-paullogsdon.jpg?twic=v1/output=image/crop=1000x1000@0x134/cover=128x128&v=2)
Why I have been gone from BP the past 9 months
In January 2020 I got my first property under contract and it closed in march, just days before the entire country shut down dues to COVID-19. I was working full time and became inactive at my sales job because they stopped generating in home sales appointments. I eventually quit in June partly due to frustration but mostly because I just closed on a $35,000 gross profit wholesale deal.
It's safe to say my wholesale business is doing alright, I even managed to pick up a rental property.
I have completed over 10 deals and each one has been unique in itself. To be honest none of them have been like I was taught in wholesaling books or like the videos/podcasts/gurus say.
I think there's an old school group of wholesalers out there who are teaching a bunch of ancient crap to our community.
Through my post I will be documenting my unorthodox "new school" method of wholesaling.
Also I noticed that the BP community has different views on wholesaling and wholesalers across the board so let me say this:
My business is always conducted in a honest and transparent way. I operate under my own set of core values which will never be compromised and as a wholesaler who takes pride in serving homeowners and investors alike I hold myself to the highest degree of ethics and morals.
With that being said I am going to begin documenting every deal I close her on BP. these posts will include how I found the deal, how it was negotiated, how it was analyzed, how it was closed, and any difficulties that I had to navigate or anything new I learned.
Enjoy!
Persistently,
-Paul Logsdon
Most Popular Reply
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@Paul Logsdon
Thanks for this, Paul. It seems that some people have a negative view of wholesaling. (I'm new and have yet to close a deal, but hopefully putting my first one under contract Tuesday).
Congratulations on growing your business.