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Updated about 12 years ago on . Most recent reply
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Are You A Real Wholesaler? How Many Have You Done?
Hey everyone - I just wrote a post in the BP Blog about how I believe only 1% of "wholesalers" ever do a single deal. This got me thinking - I wonder if anyone is making money and doing wholesale deals?
If you are an actual wholesaler - how many deals have you done? Let us know by replying in this thread - and let us know any advice you can give from your success. Thanks!
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I have wholesaled many homes here in CA, though, only one in the last 12+ months. Since the market turned tight, and I have built even more funds (mine and private money) than before, I keep everything I can get my hands on and rehab them myself.
When I was wholesaling deals more often, I would make at least $10k per deal and the last year I wholesaled, I made over $90k just from wholesaling alone.
Most "wholesalers" (the 99% you spoke of) don't make money because they dont learn how to properly do it or know what real deals are. There are numerous threads on that topic including what I consider the best wholesale thread on BP which is:
http://www.biggerpockets.com/forums/93/topics/58383-the-truth-about-wholesaling-