Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Investor Mindset
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago,

User Stats

1,493
Posts
450
Votes
James H.
  • Investor
  • Fort Worth, TX
450
Votes |
1,493
Posts

Why Wholesale Rather than be a RE Agent?

James H.
  • Investor
  • Fort Worth, TX
Posted

I notice a very large proportion of folks new to RE are (trying to be) wholesalers. I have not wholesaled (sp?) but it sounds like a lot of darn work. Yet, to become an agent, you just need to take a few classes and take a test. After that, the work appears to be easier than wholesale marketing campaigns. Seams the up front investment for RE classes would equal that of a good wholesale marketing strategy.

These are some assumptions I have that are very general. As a wholesaler, you're going to be dealing *mostly* with properties that, for whatever reason, can't get financing. So you will probably be dealing with sub 50K houses in 95% of your dealings. As an agent you are probably going to be dealing *mostly* with 150K+ most of the time. I'm assuming southern regions/midwestern regions.

Based on what I've read and seen, it appears the assignment fee for a 50K house would usually be about the same as an agents fee for a 150K house.

So I'm just curious; why wholesale rather than be an agent? What do you like/dislike about one or the other?

Loading replies...