There is nothing wrong with wholesaling.
If you are "only" wholesaling, it is hard to get consistent income without a large marketing budget. Most people go into wholesaling because it does not cost much to do a deal.
It takes a ton of NO's to find wholesaling YES's that want to sell their house for a heavy discount to a "cash buyer" with no proof of funds and no true intention to close on the deal themselves. (That is actually why wholesaling is getting more regulated...but we can save that conversation for a different day.)
I did my first few deals with free advertising. Facebook posts, referrals, craigslist. Then I used some of that money for marketing.
Personally, I only look at wholesaling as ONE of the possible exits.
I might do any of the following:
- Close on it with seller financing.
- Close on it with a hard/firm money loan.
- Close on it sub2
- List the property as an agent
- And if none of those options work, look at wholesaling it.
- Why limit yourself?
Some education, and/or mentorship can give you more ways to monetize each lead.
