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Updated over 9 years ago on . Most recent reply

Wholesaling, can you actually make money??
Can you actually make money by wholesaling in the real estate market. I'm looking for was to build up cash to ultimately be able to buy hold and flip houses in the Greater Rochester, NY area and wanted to know on average how much can you make per deal and how difficult is wholesaling?
Thanks for your input!!
Most Popular Reply

Wholesaling and real estate investing can be as profitable as you want it to. If you know how to find the deal and know how to sell the deal you can make 5, 10, 20k on a wholesale. But why would you want to wholesale? If you have a deal where a rehabber will make 50k on it and you'll be making 5k, why would you not want to keep that deal and make a bigger spread. Sure, it might involve you doing more research and learning more, but you could easily partner with an experienced rehabber, get 50% of the profit, make 25k on the deal, and get "on the job training."
Work smarter, not harder