Is investing in wholesale properties a good idea?

Question

Accepted Answer

It can be. As a wholesaler, you can help buyers find distressed properties more efficiently and remove some stress from the typical home buying experience. They will pay you a wholesale fee (usually 5% to 10% of the property price) for the convenience. At the same time, you are benefiting sellers who lack your connections to cash buyers. At its best, a wholesale transaction benefits you, the wholesaler, as well as the seller and buyer, hopefully leading to repeat business.