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Updated over 7 years ago,
Wholesalers who say they're doing a "service" or "favor"
When you have a seller with a dilapidated house that is worth 80k as is, and you're offering them 40k, are you really doing them a favor? I understand the idea of unloading their burden.. but realistically they are being lowballed and stripped of their equity, while perhaps being somewhat unknowing to the true value of their property. It seems to me a lot of wholesalers are in somewhat of denial.
Personally, I have nothing against wholesaling and I would likely do an assignment of contract myself if the circumstance calls for it. But I feel it should be okay for wholesalers to admit to themselves and others that this is a business and doing others a service is second to their bottom line..
This post is of course, a generalization!
Am I alone on this sentiment?