New to the game

[Rob Rawls]

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.

[Simon Campbell]

Much will depend on the individual deals that you can find. As the market shifts, some properties or some market areas are being sold at much less a discount than in years past.

If I were a developer and was working with a wholesaler that found deals at 10-15% below market value (as an estimate), I would be happy regardless of the extra that goes to the wholesaler. In your case, you may find a property that is 20% below market or one that is only 12% below market, your buyer gets a deal but your commission will vary immensely.