Does wholesaling really work?

[Britney Miller]

So I'm very new to wholesaling. I literally just found out about it a week and a half ago.

But I'm starting to get discouraged by alot of the negative nancys that don't have anything good to say about it like this one.

I was watching a video on YouTube about wholesaling when somebody replied to me about a question I had.

+Britney Miller

"Oh, and don't quit your job. The faster you get investment money; the faster you'll have your money working for you. A job is the best way to get guaranteed money asap.

The people who do nothing but real estate worked for the first 10 years or so while getting in to it. No doubt. In order to make as much as $35k a year with wholesaling houses you'd have to w-sale a TON of houses annually.

We're talking 12 plus. It takes 2-7months average to whole sale one, and you aren't going to have enough capital when you first start out to be able to wait to close on your deals.

Diversify your real estate as you would any other investment. Rentals, flips, wholesales, and rent to owns. We don't tell the market what we need it to do; the market tells us."

Is there any truth to what this person is saying? Personally from what I've seen most deals close in about 7 days. I'm not sure where he gets 2 to 7 months from. And alot of wholesalers that I've been following are making much much more than $35,000 a year.

Thanks

Britney

[Carey Edmund]

@Britney Miller the answer to your question is very simple. Who do you believe in more? Do you believe in some random guy more than you believe in yourself? If so, you have already lost and I recommend you stay very far away from REI. What if it does take 12 deals to make $35k? Does that $35k impact you enough for you to be willing to work hard enough to find 12 deals? I would suggest you take some time and ask yourself how hard are you willing to work because I guarantee you will have to work very hard to get $35k regardless if its 3 deals or 12. Take the time to ask yourself if this the right choice for you. I wish you all the luck in the world and encourage you to own whatever decision you make.