Wholesaling nets about $20,000 in 1-2 weeks; flipping yields roughly $50,000 but takes three months. Choose based on whether you need quick cash to keep your business running or can wait for bigger profits.
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I run the numbers and I say, hey, my potential for making money on this is like $20,000 if I wholesale it, but if I flip it, I'll make $50,000. Now I can make $20,000 in about a week or, you know, 2 weeks if I wholesale it, but if I flip it, it'll take me 3 months and I'll make $50,000. Then you analyze, hey, is it worth getting an extra $30,000 for that time that I'm using to flip the house, or should I just take the quick cash? That's how wholesaling works and flipping works. You just got to figure out which one you want, and if you need that cash flow to keep your business going, Wholesale, and if you got time to wait, flip it. So follow me for more tips and tricks so you can learn more about how to get started in real estate investing, whether you want to fix and flip or wholesale or a whole tail or whatever. I got your back.