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Updated almost 11 years ago,
New to the game
Hey everyone, just figured I'd post here to kind of introduce myself. I posted in the new member intro forum but since I'm going to be focusing on wholesaling I figured that I would post here. Just learning right now and getting my ducks in a row before I start marketing and getting some deals set up. I live in Jacksonville, FL and want to start networking and learning as much as I can from y'all.
The question I would like to pose to everyone here: why is it that most wholesalers try to make enormous profit just for marketing/negotiating/closing a sale. From what I've read, there are a lot of wholesalers that have a bad name in the investment community due to trying to overreach their profits, taking the spread away from the investor.
I guess that way would work for some, my plan is to take enough to make it worth my time... 2-3k depending on how long it took to market/how much i spent on marketing sounds great to me... I just dont understand taking 5-10k or more and never getting the same investor twice because its not as lucrative for them. If there is one thing that i have learned just by reading here its that wholesaling is about relationships and rapport with investors/buyers.