All Forum Posts by: Michael Yates

 I actually really like this answer. Problem solver over wholesaler or any other terminology that could put me into a box. How can I solve their problem or point them in the direction of someone who can.

After reading this thread and others I feel like there are some people who just dislike wholesalers because of how shady many of them are. And it seems some people are also blinded by the supposed purity of being an agent. That’s just the feeling I get though, could be wrong. I don’t think the act of wholesaling in and of itself is shady as long as there is full disclosure. But I think I’ll do better having wholesaling be a tool in the toolbox rather than the one and only tool I have. 

I think I’ll greatly benefit from partnering up with more experienced people who are competent in more than just wholesaling so that I can have a list of ways that I can solve a homeowner’s issue rather than being limited to only being capable of doing a wholesale.

Many great points made here and I appreciate all of your perspectives.

I feel that transparency and pure intentions really go a long way no matter which business you’re in. To say that wholesaling in its entirety is unethical seems a bit off to me though. Just because there aren’t laws saying that a wholesaler has to look out for a homeowner’s best interest doesn’t mean that the wholesaler won’t do just that. If we’re being completely honest, most of them probably don’t. But that doesn’t mean all of them don’t. 

Ensuring that the homeowner gets exactly what works best for them, from my perspective, should be the foundation of how to run the business. Not trying to convince them in any way but rather a legitimate curiosity to find out what it is that would best help the homeowner out and an understanding that most homeowner’s best option is NOT a wholesaler.

But I’m open to hearing more from those who insist wholesaling is unethical in its entirety and even suggestions of what would be a better route to start in real estate in your eyes. Thanks a ton!

Hello, i am new to real estate looking to get into wholesaling. My biggest hangup with this model is that it seems almost all the “gurus” teach to lie to homeowners and say that I am going to buy the property which is simply not true and I wouldn’t tell them something which is not truthful.

However, I know there are plenty of amazing wholesalers who do things with integrity and transparency, so I’m here to get some advice from you awesome wholesalers!

How do you position yourself to property owners so that you can get a deal done? I’d appreciate advice from the perspective of not actually having any capital to close the deal myself. How do I turn “Hey, I don’t have any money to buy your property but I have connections with people who do. I’d like one of those people to buy your property while I get a cut of the profits for having found the property” into something that actually sounds good and closes deals?