Successful wholesalers usually move up the food chain and become investors but I wonder if some prefer wholesaling forever. Less risk, less stress, maybe not very skilled at refurbing, etc.
Hi,
I guess it depends on your understanding of wholesalers success? And how you quantitate that to the comparison as to what is an investor?
GR
You can stay a wholesale for life but move up the ladder. Don’t have to be a flipper but you can start keeping homes to keep in your portfolio to bring you cash flow. The natural progressive of a real estate investor.
Just to repeat what has been said you can wholesale and invest for a lifetime. But if your just going to wholesale period be sure to get a nice disability policy because if you get seriously hurt or ill your out of work which also brings up the retirement plan, have one? Pick up the cherries as you get a chance and start some passive income.
Thanks guys. So it seems like it is only natural to move up. Good point from above about disability, passive rental income would be nice in that situation.
Hi,
I know wholesalers who are now wholesaling between 500 and 1000 properties a year, most of these wholesalers own the property there selling as they are not assignments or A-B-C transactions.
I suspect these various groups are buying rental properties for their own portfolios, in fact it would not surprise me if some of these guys are buying (All Cash) 25 to 50 properties a year considering I believe there making 10 to 15% on the properties they are selling!
I would bet these groups can wholesale right up to retirement and end up owning 500 to 750 properties or more outright by that time with no mortgage as there buying these for cash!
Wholesaling is a business just like real estate investing and since a wholesaler must buy what he sells he also very much qualifies as an investor!
GR