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Updated over 10 years ago,
Why would an established Wholesaler consider a Co Wholesaling partner?
There is a big buzz lately about the benefits and merits of "Co Wholesaling these days.
Honestly,,,it sounds great and as a practical matter it seems like a great way for a Newbie or novice investor to get started.For that matter ,,Im sure even an experienced investor would love to split a wholesale fee with a wholesaler if they were in agreement and the partner brought in the exact buyer the wholesaler wanted in the first place.
But I have some healthy skepticism about the whole concept
01 Wouldnt you think a killer wholesaler even with only 1 or 2 years in the biz would have a healthy bonafide buyers list already,,those 4 0r 5 people that have already bought from him and tell him "bring me the next deal you get across your desk,,it doesnt even need to be a great deal"
02 We are all busy,,,lets be honest and all the succesful wholesalers I know,,,as nice as they are as people,they really dont have time to mess around and train or hold hands with a well intended "buyer finder" there is still a learning curve
03 From what I see it takes a lot of time and MONEY spent on marketing to shake out a deal from the trees these days.Ive heard stories of some individuals spending 5 to10K on marketing a month. I would think these folks are not jumping for joy wanting to split a wholesale fee 50/50 with a possible co wholesaler just cause they brought him a buyer ,even a qualified buyer thats ready to sign hard on a contract,,,,,am I wrong?
Please gang chime in on this one,,,any help appreciated,,,,
And yes I am interested in becoming a co wholesaler ,finding buyers and getting on an established wholesalers team
Best Regards
Dave Doyle
Los Angeles