Is wholesaling still a profitable

[Jeffery Bigsby]

After doing tons of research and talking to a bout load of people I would like to enter into wholesaling. I would like to know in anyone's opinion is this still a profitable market?

I'm not trying to be rich from this venture, just flip 1-2 deals a month. Anyone's opinion would be helpful.

Jeff

[Sharad M.]

Jeff,

Honestly, in my market I have noticed that most of the wholesalers are just dishonest people. They just try to sell other wholesaler's property. I have a wholesaler who calls/emails me once a week with a new property, I go online to do some research and I find it either on MLS or another wholesaler's website. I have told this guy to stop bothering me with these 'deals', but he still keeps sending me those.

But there are also some wholesalers, who have genuine deals that I wouldn't have access to if it weren't for them. But these type of wholesalers are rare, at least in my market. A lot of them in my market here get MLS properties under contract and then try to sell them at 20-25% margin and then their ARV and rehab numbers are completely unrealistic.

IMO, the best way to make money is by making your customers' life easier and making them happy. So if I am a landlord, my customers are my tenants and I want to be fair and reasonable to them and make their stay at one of my properties pleasant, so that they end up staying for as long as possible. If I am in the flip market, I want to put the best house at the best price on the market to make my customers (the buyers) happy.

Same way with wholesalers, you have to make life easier for your customers, usually flip investors or landlords. If you are honest, fair and reasonable to your customers, you will always make money.

Good luck!