ADVICE NEEDED! All-in Wholesale vs. Job + PT Wholesale

[Cedric Stout]

Hi guys,

I'd love to get your input and "advice." I'll try to make this as concise as possible.

I'm currently a new wholesaler in Northern/Central Jersey. I just started and i'm diving in full force. I also work a full-time commission based job in Financial Services which allows me to set my schedule. My goal is to ultimately go FT in REI.

In your opinion, should I:

• A) Focus fully on Wholesaling now (30-40+hours) and work my commission job a little less (making enough to pay bills). 

OR

• B) Continue to work 40-60 hours on my commission job and wholesale when I have time. 

My end goal either way is to make a sizable income/profit to eventually buy/hold multi-family. 

What would you do and why? Thanks!

[Eric H.]

@Cedric Stout I have to say stick with the job and wholesale part time. Believe it or not, wholesale deals are hard to come by, especially for individuals just starting out. Marketing for wholesale deals takes $$$$$$ and your job can fund that. Additionally, you look better to banks with your W-2 income when it comes time to fund those buy/hold deals.