All Forum Posts by: Christopher Burns

I buy quite a few properties each year from wholesalers, and I have wholesaled in the past.. IT IS A LOT OF WORK, AND YOU NEED TO KNOW HOW TO EVALUATE PROPERTIES! 

For every 1 good wholesaler I get, I get 5-10 bad ones... Buy me a beer, and I can tell you some stories! haha

I have a friend who wholesales, she made 26k in October. ONE MONTH = 26k from wholesaling.. This is in Indiana too, where our average SFH sells for 107k in bread and butter neighborhoods. That's not to say she doesn't have months where she makes 3-5k a month, but she had a stellar October.

To wholesale successfully you have to work your butt off.. Just like pretty much any other thing that makes money.

GREAT POST!!!!

Honestly, it's the number 1 reason I decided to pursue Wholesaling. It "seemed" like a simple way to get involved in "Real Estate Investing" without $$$$$.

After hours and hours of educating myself on the what a TRUE wholesaler (THANK YOU BP!) is it is not as easy as I was hoping or expecting.

What motivates me now...is that there really seems to be a calling for true wholesalers that can be a legit honest profession out of wholesaling and finding the best deals to pass on.

There is a market but even here (at BP) there doesn't seem to be many that have had success in it. Even on threads like this... very few if any people get on and say "I've been successful in Wholesaling". Or much positive feedback about wholesaling.

Another thing that motivates me about choosing wholesaling as a career to break into RE is that though many, many people are looking at wholesaling to start their RE career's very few actually stick to it. There is a LOT of work involved to successful wholesaling. There is a demand and that demand is for reputable wholesalers. That seems to be a dime a dozen.

I'm still learning but so far this is my feeling after weeks of studying.

Manny Rodriguez

 I personally don't think the Gurus pushing wholesaling is not the issue. The issue itself are those that spend the money on the training and don't do anything with it. I am honestly thankful that I stumbled across a wholesaling webinar on facebook otherwise I probably would have never known that you could get into investing without any money. For me wholesaling got me in the door and it was the best thing I could have done in my current situation which was flat broke and credit shot. I do agree that it is not as easy as they make it seem though. Still happy to be doing it

In the marketplace (you have to be a paying member) there are people who will do just this though. I think even with sweat equity you will need some skin in the game, but look around BP and search some people they are here. 

Finding a good deal and doing a JV on it is a good idea. You seem to have construction experience so find a deal to rehab and jv with someone on it, ie you dont get your fee, bring your experience to GC and sweat equity a project and split the profits. Oh wait I just had a discussion about doing a deal like this about an hour ago, with another BP member. Network with other's on BP.