Wholesaling huge deals- ideally commercial

[Tommy R]

The whole reason I'm looking to get into wholesaling is to apply the same/similiar skillset on a much larger level- ie skyscrapers... Or maybe groups of them.

I want your guy's feedback on how high you can take wholesaling. Yes I know that naturally it may be a little more complicated the higher you move up- I'll deal with that

I know there's other occupations similiar high paying sales occupations too like land-brokering, but it seems like you could just as easily wholesale a skyscraper (if you catch the deal at the right time, the seller likes you, and you can find a buyer/have one lined up)

[Todd Bayer]

Tommy,

I can appreciate your enthusiasm, but in large commercial deals such as a casino, there are MANY more facets to the deal than with a residential deal. I am not trying to discourage you, simply trying to show the harsh realities. There will be attorneys involved for sure, you MUST have one -- there is no exception to this. You can very easily put yourself on the line for $1B and if you don't come up with it, there is a team of lawyers working for the seller that will get everything they can from you. In addition to that, the number of buyers who can easily spend $1B are harder to come by than a residential buyer who can afford to invest $1M. Also, when it comes to things like casinos, it's more than just the real estate and land you're selling, there's another category called 'fixtures' you should look into and also all the other shops and restaurants that may be leasing space inside the casino. There's possibly a hotel involved which may be another entity. This is just the surface. To move a property of that size in a month is beyond optimistic. You'd be lucky if you closed a deal that size in 6 months. The buyer would want to look at every possible detail of the deal which includes documentation for every square foot of the land/structure. This paperwork alone could take quite a bit of time to go through. The reward could be tremendous but in my opinion, it would require more than just sales skills/rapport with the seller. These are the types of deals Donald Trump structures. He can move them because of his vast influence and network. He has a reputation to go with it. That is something that doesn't happen overnight, it takes a great deal of time and experience to get to the level he is. But, on the bright side -- it's definitely not impossible and I hope one day to be reading about Tommy R in Forbes, The Wall Street Journal, Time, etc... Good luck!