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Updated about 10 years ago on . Most recent reply
![Aroldo Villarreal's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/188887/1621431998-avatar-aroldo.jpg?twic=v1/output=image/cover=128x128&v=2)
Is wholesaling sustainable?
I just finished wholesaling my first home without cost whatsoever other than $45. I just called a FSBO sign and the roller coaster of emotions started with excitement, fear, sleepless nights, and huge learning curve. Out of this deal I started building my buyer's list, learned more about rehab costs from contractor's themselves and from referring to @J Scott 's books almost every minute I got for help on rehab costs, learned how to secure a deal and assign a contract. All in all, I made $8,500 off of assigning. Which is awesome
BUT, my question that I can't seem to find an answer to here is, how sustainable is wholesaling as a business? I got into REI a year ago and now own three cash-flowing rental homes. In my research, it seems like there was a huge emergence of wholesalers in the last 5-8 years. On youtube, I can't find any wholesaling videos that are dated pre-2008. Is wholesaling only good after bursting of housing bubbles like in 2007?
The reason I ask is, if I decide to get into this full time, with good marketing, systems, and buyers in place, will a wholesaling business work through good and bad times? Or will all these wholesalers disappear once another bubble starts forming?
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Yes it is sustainable and can be done in any market. Sometimes it is hard to find deals but easy to find buyers. Sometimes it is easy to find deals but hard to find buyers.
It is not always easy but you can build a sustainable business just wholesaling. Keep in mind there is a big difference between doing one deal (congratulations on that) and doing enough deals to build a business that you can live off of.