Is Wholesaling Model "worth it" long-term?

[Morris Lucas]

I was chatting with a fellow BP'er on this subject, and it got me thinking if the Wholesaling and/or flipping strategy really a viable long-term plan if you want to exit the workforce?

when you break it down, say you are able to close 7 or 8 deals in a year..you get a check for say 6k, 4k, 12k, 8k, 5k, 13k and 5k...after you put in all the marketing it took to get those deals, pay taxes, you are probably at about 40-45k maybe or even thousands less.

Not sure about flipping, (never done one), but my guess is you would make out better, assuming you know what your doing and execute them perfectly.

That is a nice amount to bring in from just assigning contracts, but my thought is, the only way to build on it is if you continue to work a job, if not, you just have a stressful self-employment gig and all your profits are going to living expenses.

Our conclusion was that finding and buying(holding) real estate deals with built-in equity for cash flow and tax benefits is the best way to continuously make a great deal of considerable wealth.

Please share your thoughts, especially those that do these strategies full time, I love to hear different viewpoints!