Any Wholesalers closing 2-5 deals a month ?

[Tyron White]

I see a lot of negative comments about wholesaling on here for some reason. So I was just curious is there any wholesalers consistently closing 2-5 deals per month ? If so maybe you can shed some light on your success

[Troy Sheets]

Originally posted by @Tyron White:

I see a lot of negative comments about wholesaling on here for some reason. So I was just curious is there any wholesalers consistently closing 2-5 deals per month ? If so maybe you can shed some light on your success

I can't speak to the deal flow/closings but I can tell you why wholesalers get a bad rep, at least in my opinion. 

It's touted by many as the lowest barrier to entry to get into REI when in reality, to be done well, it's likely one of the highest level skillsets out there. You have to be a master marketer and negotiator, know contracts, as well as your market, extremely well including ARV's, rehab and new construction costs, zoning, rental rates, and any other goings-on that may impact values or rents either negatively or positively. You also need to be a master networker to build your buyers list and know who buys what in what areas as well as know how to work through the incredible amount of issues that come up in a transaction like probate, deed fraud, and liens just to name a few. At least in Philadelphia, you may have to deal with and navigate multiple governmental departments. You need to be able to communicate with people from all walks of life and build rapport with them. You need to act with integrity on both sides of the transaction when most wholesalers are lying to the person that they're "buying" from telling them they will personally buy their home in 30 days with cash when in reality they have every intention of walking away if they can't find a buyer, leaving the seller possibly in a terrible financial position.

In my experience, most of the "wholesalers" I run across send a few postcards, hang some plastic trash on telephone poles that neighbors have to clean up eventually, and offer way too much money on a property then call you up and say they've got a "deal" for you. They are clueless as to the costs to purchase a property, hold it, develop it, and sell or rent it, and don't understand why you won't take their amazing "deal" they landed. This just makes it harder for everyone when sellers have a stack of 100 "we buy houses" postcards on their coffee table from everyone that claims to buy houses in cash in 30 days. 

I know that's not the question you asked directly but if you're unaware of why wholesalers get beat up on BP, there's a few reasons off the top of my head for you.