What to Consider Before Going to Work For An Experienced Wholesaler?
I can go to work for local, experienced wholesaler who does a high volume of deals and wonder what I should consider upfront. Deals would be split for a year, and there is a modest fee to start. Like others have written, I'm not as good on the buyers list and contacts side of this, but realize that sharing half of the deals for a year isn't a small amount either. Essentially, all this is already in place, but I would have to develop my own buyers list to go out on my own eventually.
Although marketing approaches evolve, I know the most common ones used are yellow letters and bandit signs. There will be direct communication on an ongoing basis and I submit lead sheets and we would work on the ones that could provide a profitable deal for buyers. I realize I can't be a "lone-wolf" at this and that a coach/mentor is very useful.
Of course I want to know if a person with reasonable motivation can make a living at this, but I"m sure there are some things that I should consider, but don't have the benefit of experience in this. What might I be overlooking - before making a years written agreement?
Most Popular Reply
You mentioned that there is "a modest fee to start"...
Anyone who requires you to pay them to work for them is likely more a crook than a wholesaler...