Real estate investor Nathan Payne warns wholesalers against two mistakes: trusting sellers to vacate on time, since they often don't, and using short balloon loans of six months to a year when market conditions can shift fast.
Number 1, don't trust people that say they're going to move out of the house. It does not happen. I've done this many times on wholesale deals, and half the time, I'd say 90% of the time, they do not get out when they need to. Okay, do not trust people. Number 2, do not do a balloon period that's 6 months, a year. It's, it's not a good idea because the market can shift
Why Traditional Wholesaling Keeps Failing You (Use This Pre-Flip Method Instead)
