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Updated about 12 years ago on . Most recent reply

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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
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Are You A Real Wholesaler? How Many Have You Done?

Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
Posted

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!

  • Brandon Turner
  • Podcast Guest on Show #92
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    Will Barnard
    • Developer
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    Will Barnard
    • Developer
    • Santa Clarita, CA
    ModeratorReplied

    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-

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