What industry did you come from Full time Wholesalers?

[John Ma]

I think it'll be fun to hear where everyone came from prior to active REI.

I've had a heavy hands-on automotive experience. I have an engineering background in motorsports, however worked in nuclear right out of school, and then switched to navy weapons.  Its more systems engineering and proj management than technical engineering.

A lot of that can translate into what I want to do for REI in terms of building the lifecycle of automated systems.

What sparked this thought was a comment someone suggested to me. Basically he was inferring that wholesaling is grunt work that wasn't worth my time and I should be buying wholesale deals to rehab to retail flip and grow from there.

Although rehab flips and buy/hold rehabs is what I ultimately want, I simply just don't have the capital like many.   Cheap houses in my area are in the 400-500k range with at least 100k as a 20% stake when using OPM for a rehab proj.

So here comes wholesaling. My thought process is reguardless of how many struggling-to-support-a-family wholesalers there are, its a good foundation for any type of REI. Finding the discounted deal is the backbone of it all and compliments.

Feel free to share your stories and such