I made $25k on my wholesale deal today, what's your BEST DEAL?

[Meghan McCallum]

Hi guys, I'm not a wholesaler...or am I? Let's look at what a wholesaler is:

Whole-sa-ler: (n.) Person or firm that buys large quantity of goods from various producers or vendors, warehouses them, and resells to retailers.

So, I negotiated a SFH portfolio of 10 houses. Found a buyer. Wrote the contract. And I am making a $25,250 assignment fee.

This is not how most wholesalers work. Most find a property, get it under contract, then find a buyer. This is why it can be argued that I am not a wholesaler. I, am a mentor.

I am a connector. I find people with needs then I solve their problem. THIS is why I will look at any deal, I will work with every person I meet, because I will connect them to the deal/person/property that will ultimate benefit everyone. In my case, handsomely.

The Deal: 10 SFH, all tenanted, gross rent $11,000+/m, tenants pay all utilities

Looking to close July 14th also I have negotiated ownership of a percentage of the deal on top of it. So, am I more a mentor, a partner, or a wholesaler? I'd like some opinions.

Labels belong on soup cans anyway, right?

[Jeff W.]

Hi Megan! That sounds like an awesome opportunity for your buyer. Just finished listening to your podcast. First post on here and wanted to say hello! Hopefully will find some phenomenal opportunities such as the one you just presented!