Wholesaling and the phony ethics police

[Robert Shorey]

Fellow wholesalers pay no attention to Realtors, Brokers, and other investors who pose as the ethics police against wholesalers.

Wholesalers deal in 6%-10% of the market and this leaves plenty of meat on the bone for Realtors. I wholesale as one of my strategies and most of the houses I get under contract are such as that Realtors won't touch them.

Banks and mortgage companies sell ( wholesale) mortgages all the time and the phony ethics police are silently hidden in the tall grass and then crawl out from under their rocks when it comes to wholesaling.

One of the specious arguments that the ethics police assert is that if the wholesaler can't find a cash buyer they can't purchase the house. This is frankly a weak argument because many investors fail to secure funding for their deals which subsequently fall apart. It's a negative aspect of business, not moral turpitude or a ethical issue.

Some Realtors are myopic and ASSUME that everyone selling their home wants to work with a Realtor. This is an erroneous belief of many jealous Realtors.

Wholesalers are transparent with your sellers and let them know that you intend to make a profit and if needed get transactional funding and perform a double closing.

And if you think your seller would fare better with a Realtor then help them find a Realtor.

Remember, most real estate investing, in essence, is wholesaling, in as much as investors are all seeking a discount on the purchase price.

Since wholesalers deal in at most 10% of the market, it's evident that the phony ethics police are motivated by greed and therefore have moral flaws and"ethics "lapse.

They use the ethics argument and castigation as a prop and a pretext to cover for their avarice and greed. In psychology, it's called "Projection.

Don't be fooled by the phony ethics police because they are either ignorant or frauds or both