Intrigued by Wholesaling, but it may not be my best strategy

[Pedro Garcia]

Hello All,

I am intrigued by the "art" of wholesaling and I am drawn to it, by reading, listening to all the strategies that I hear. It seems like a lot of work, but it is rewarded by a great level of satisfaction when it comes through. I understand it takes a lot of work which equals time. I have solid W2 income and no debt. Additionally I have saved capital to pay a down payment or two, or three depending on the amount and rehab, or leverage into a loan. The issue is that my W2 takes time, in a career that I like, but I would like to dive further into REI. I question if I am better of attempting Wholesaling , or if it just makes better dollar sense to find a good deal as a buyer and Rehab and Flip, or BRRR. Any opinions are appreciated.

[Michael Dumler]

@Pedro Garcia, I would not consider wholesaling an art haha. If anything real estate sales is far more science-based, tracking lead and lag measures, analyzing deals, estimating rehab expense, underwriting offers, etc. I suppose the art aspect is negotiating with the homeowner and discovering their pain points. I agree with the other comments above, wholesaling is a full-time business, not a side hustle by any means. Stick with your current w2 and save for your first investment purchase. You're already in a great starting position with solid income and no debt, lenders love to see this.