Wholesaling Realty - or is it Reality

[Don Konipol]

After 15 years of enjoying and learning, and teaching on BP, something has occurred to me. Most people new to real estate are influenced by YouTube videos, guru seminars, podcasts, workshops, or real estate how to books. And those interested in buy and hold, fix and flip, cash flow investing, STR, etc all have some serious misconceptions about the time, effort, capital, expenses and ROI associated with it. But, those interested in wholesaling go way beyond this. A great majority of these wannabes are almost delusional when it come to their chances of successfully wholesaling properties. I don't know if this is because the gurus who sell wholesaling mentorship's have nothing ‘solid" to sell (there is no "investing", it's a job), if it's because that most wannabe "wholesalers" possess no capital, or because they have no experience.
It’s sad because millions of people have a desire to “better themselves”,  have worthy goals of financial independence, freedom to spend more time with family, and provide better for their children.  Their motivations are honorable, but their lack of understanding of business, free enterprise, and finance leads to horrendous decision making.  It’s a shame that the anti capitalists got hold of control of our education system, and as a result we are producing people with an inability to identify a viable business program from a non viable one.