Correcting the Top 10 Mistaken Beliefs About Wholesaling

[Don Konipol]

1. It’s WHOLESALING, not WHOLE SELLING

2. It’s a job/business, not investing 

3. You CAN’T be successful doing it without capital

4. “Driving for dollars” is not a viable strategy; the people successful at wholesaling spend $10,000 + monthly on marketing 

5.  You need to know real estate principles, real estate law, and real estate finance.  None of these subjects are taught by wholesaling gurus 

6. You can’t be successful part time; it requires a full commitment.

7. In most common methods of wholesaling you are NOT a principal, you are an intermediary.

8. The law is not on the side of the wholesaler; states are attempting various ways of limiting wholesalers profitability.

9. Only a small minority of people getting involved in wholesaling are in any way competent 

10. Wholesaling does NOT lead to investing, studying real estate finance, principles and law and working for an investment real estate company leads to successful real estate investment.