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Updated over 10 years ago on . Most recent reply

User Stats

98
Posts
21
Votes
Stephen Dominick
  • Investor
  • Brodheadsville, Pa
21
Votes |
98
Posts

Wholesailing dropouts

Stephen Dominick
  • Investor
  • Brodheadsville, Pa
Posted

I am just wondering why nearly all the local people in my general area that considered themselves "Wholesaler's"  have not been active for a year or more (and there is a lot).  Not the right models? to much Guru influence? Seems to be a high attrition rate.  Maybe not the right path for a Newbie? Just typing out loud.

Most Popular Reply

User Stats

252
Posts
86
Votes
JPaul Mills
  • Wholesaler
  • Navarre, FL
86
Votes |
252
Posts
JPaul Mills
  • Wholesaler
  • Navarre, FL
Replied

You got this topic right. I am a wholesaler in my local market and I started my learning the trade on July 1 2014. I closed on my first deal August 15 for $5k and then August 19 for $4700. Now not every wholesaler hits the market strong like this and that's why I believe that so many wholesalers, or people trying to become wholesalers, fall off and die to the trade. I'm a believer and I know for a fact the only reason I have been so successful is Gods hand in my business. The reia tha I am apart of here had a Christmas party last Tuesday and I was awarded the rookie of the year because my " at bat" percentage has been crazy good. So to get back on topic. Wholesaling is the easiest way to ge into REI but not the easiest niche to do. Anything can work if you stick to it and don't let mishaps pull you off course cuz there will always be mishaps. By the end of 14 I will have 15 closings done with 5 just this month. I am living proof that this business works but you have to do just that, WORK! 2015 is gonna be a good year for me so I hope it will Ben just as good for you guys too. Merry Christmas.

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