News Alert: Wholesaling is easy!
Yeah, I said it…
When compared to other strategies, like rehabbing for example, wholesaling wins all day every day.
The average wholesaling profit from investors who are in one of my Mastermind groups is $15-$20k. Per deal! Imagine if you were doing a few of those wholesale each month. Nice money, huh?!
Sure, a rehab profit could be $35-$40 on average per deal… but think of all the work that goes into that strategy:
- buy the property
- finance it—use your own money or borrow money from a private investor, hard money lender, bank loan
- buy materials
- find a good contractor and construction crew
- manage the contractor and crew
- deal with the liability and risk of managing the project
- carrying costs
- sell it—dealing with Realtors and buyers and appraisers and banks
I say, “Heck no!”
In all of that time an effort to rehab a house in 3-4 months to make $40k… you could have been wholesaling deals with a lot less effort and frustration and hassle and made the same amount of money in the same amount of time.
Here’s what I’m saying folks: Get your wholesaling on!
Wholesaling is the easiest way to make money in real estate.
Ignore the naysayers… wholesaling is not a get-rich-quick scheme. It is not illegal. It is not a lame strategy.
It’s amazing, actually.
And legal when you do it the right way. And super profitable.And fast and easy.
You may be thinking, “Hey Joe, what about building long-term wealth? I don’t want to wholesale my whole life.”
Welp… save up some of your wholesaling profits and buy rentals. That’s how you create long-term wealth. So yeah, you can do that from wholesaling.
Wholesaling for the win. 🙂