If I was the wholesaler that would be my argument.

As a broker in a wholesale market, I "buy" a loan from a lender at a discount and mark it up for my profit.

We have a single-family property that will not be far from the casino that we are looking to wholesale if you might be interested in that.

I've closed and dispoed 4 wholesale deals, flipped 7 lots of land, own 30 rentals and have closed around 25 deals as a lender.

However, if you're a W2 high income earner or business owner, I can't imagine it makes any sense to flip houses, mail mass post cards, wholesale, or build lead gen websites with the value of your time being better spent other places (such as learning about real estate and increasing your income through proven means), such as at your 9-5pm or growing your business, and your real estate is a long term process and you don't need "home run" deals to qualify or make it work.

Also, wholesale deals off of the MLS are typically a waste of time for all parties. 

It may be beneficial to link up with an established wholesaler and pay them to mentor you or work for them and learn.

Wholesale, foreclosure, and seller financing can work too, but I’ve noticed that careful analysis and having reliable local contacts often deliver the best results over time.So as you two gear up for your first flip, how are you balancing the potential risk with your long-term goal of buying rentals?

Purchase price: $650,000 Cash invested: $138,000 My business partner and I picked up this 25 lot mobile home park in Owensboro through a wholesaler.

Some wholesale companies require licenses even when states don't.