You flip houses right? So you don't use wholesalers? If a wholesaler comes to you with a deal of your liking you turn them down? I don't understand what you are saying? Because most wholesalers will have a list of buyers that they know like particular properties and when they find these properties they will call that buyer/investor who wants it. so, the deal closes because of the buyers list. At least for me that is how it has worked on my first deal. And I just started about 3 months ago. Now, my assignment fee is 5% of the negotiated sell price so I made $2,500 on this deal. So no I would not average 10,000 a deal and I primarily look to distressed property owners and fsbo's. If I was a homeowner who needed to sell right now, I don't have time to let a Realtor hold my home on the market for 3-4 yrs. i would look for other alternatives. And to me that's what wholesalers are. I think people need to stop hating and learn to work together. Period! Some of us are here to help people and not just make a profit! Don't throw all wholesalers into one basket. We do study and we do understand FMV, ARV, LTV etc: Just because someone takes a test does not make them wiser. And you are so wrong about wholesalers being successful. Very wrong! If i could make $10,000 a month from 2-3 deals, I look at that as success!
