The Downside of Wholesaling: Why it May Not Be the Best Business Model

A lot of people see wholesalers making easy money and think it's the perfect job for them, but let me tell you, it's a full-time job and requires a lot of hard work.

If you already have a good W-2 job and make good money, my advice to you is to keep that job and use it to your advantage. Use your income to get approved for loans and invest in assets like multifamily properties, self-storage properties, and single-family houses.

You can also leverage other wholesalers and their marketing efforts to get deals sent to you and just buy their deals. Keep the job that provides a good income for you and use it to build your passive income from buying and holding these assets long-term.

I've even had people come up to me who have sold their businesses for millions of dollars and want to get into wholesaling. It doesn't make sense to me. So, my advice to you is to think twice before quitting your job to become a wholesaler.

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Timecodes
0:00 Video Overview
1:01 Wholesaling or a W2?
2:05 Escaping the Rat Race
3:55 Where Your Focus Should Be
5:28 Only Time You Should Consider Wholesaling
6:52 How to Scale Out of Wholesaling

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