Is wholesaling in real estate really shady? #wholesaling #paynelessflipping

Name: Is wholesaling in real estate really shady? #wholesaling #paynelessflipping
Uploaded: 2024-01-21T00:00:10+00:00
Duration: 33 s
Channel: Nathan Payne
Description: In this brief YouTube dialogue, Speaker A raises the common perception that people entering real estate wholesaling can appear shady or dishonest, noting…

21 Jan 2024 · 1 min

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In this brief YouTube dialogue, Speaker A raises the common perception that people entering real estate wholesaling can appear shady or dishonest, noting that this reputation is rarely discussed openly. Speaker B, a house flipper, shares his experience with real estate agents who often refuse to work with wholesalers, creating intimidation for those trying to wholesale. He then proposes a reverse‑wholesaling approach: instead of agents avoiding wholesalers, flippers would solicit multiple wholesalers to present properties at the price the flipper is willing to pay. By matching properties to the flipper’s target price, this method eliminates the stigma and friction, offering a win‑win for both parties.

Chapters

I think a lot of people, when they get into wholesaling, they can be a little shady or maybe dishonest. They kind of feel like that, but no one really talks about it.
Me as a flipper, I call up an agent, the agent asks me, are you a wholesaler? I don't want to talk to wholesalers, right? People get intimidated. That's number one. Me as a flipper, I would love to have 2, 3 guys asking me, what would you pay for their property? And I give them the number. Bringing for someone a property for the number they want, it's beautiful. It's the best thing ever. So by using your method, by reverse wholesaling, having a few people looking for properties is beautiful. It basically solves all the issues.