Why Today’s Market is Just as Good for Wholesalers as 5 Years Ago

by Nasar Elarabi

I often hear people say that they should have started years ago because today is just too competitive. They give up very easily, they are intimidated by all the “I buy houses” signs, and they think everyone in their local real estate club is taking action, leaving no room for them. I am writing this to inform you that you are limiting yourself, and today is a better time than ever to jump into real estate. There are more buyers who are willing to pay more to get a deal. The MLS has dried up in most cities, so your service as a wholesaler is needed more than ever. We don’t know how long the economy will be this good. So, why not take advantage of it while we have it?

Allow me to give you an example. I am doing a lot of direct mail marketing these days. When I used to come across deals during the recession, I would be happy to make $3-7k, and I would have to split that with my partner. Fast forward to today, if I can get deals with the same numbers, I am making $15-20k per wholesale on those deals. As you can see, I can make more money than ever before in this market. Don’t be a negative Nancy and focus on the negative things. If you were to focus on the positive things, you’d reap a more positive outcome. So let’s say you spend $4k in direct mail, but you get one deal and make $11k. You just profited $7k off that mailing campaign. That is a lot better than a job.

real-estate-market

A Few Benefits of Wholesaling in Today’s Market

I know some of you are saying, “But in some pockets, it’s just too difficult to find a deal.” Remember, we are wholesaling — and believe it or not, rehabbers have it harder than us in these hot pockets. I am working on a deal that I been talking to the seller about since 2014. I offered $27k, they agreed to it, I sent the contract over, and the seller decided to change his mind and keep it. My potential wholesale profit was $5k. I offered them $60k in 2015, the seller was much happier, then still decided not to sell, and I lost about $8k in potential profit. This year, I offered $77k and can potentially make $20k off wholesaling this thing. Again, in this market, you can make just as much as rehabbers are making with less risk, no contractors involved, and no payments on the house while you are praying the contractors hurry up and complete the job.

Another benefit of the hot market is the ease of finding buyers. You can literally make a post on BP looking for buyers in your area, and you will have a few people step up the plate. Five years ago, I had to work hard to find a buyer. With the conditions today, I have not used Craigslist or any third party site to sell a property since 2013. I have been finding my buyers off market, and it’s not difficult to do. I love working with agents who have a network of cash buyers. I have no problem paying their 3% (some of them require more, which is fine because they have buyers for all kinds of properties that some more traditional investors won’t touch).

market-index

Attitude is Everything

In conclusion, I wrote this article to get you guys to look at the upside of being in this market. Get started today and stop putting limits on yourself. The owner from Under Amour sportswear was just broke in the late ’90s. Now he is a direct competitor of Nike and arguably has two of the best, most popular athletes signed to his brand (Cam Newton and Stephen Curry). What if he would have said, “You know I can’t compete in this space because no way can I ever be as big as Nike, Reebok and Adidas.”

I’ve said it many of times before, but it’s good to get into self development to create a can-do attitude. Attitude is everything in life, and adapting a positive outlook is extremely important in being successful. If you ever think about quitting, just think that if Joshua Dorkin would have quit when things got tough, you would never get to read this valuable content. BiggerPockets has existed over 10 years and wasn’t just built last year. Just let that marinate.

Wholesalers: What are you seeing in today’s market?

Interested in Finding out More? Reach out below

Shawn Ireland

Phone: 913-225-6231

Email: Ireland_Investments@yahoo.com

Address: 1415 Main St. #823, Grandview, MO 64030


Website: www.irelandinvestmentsllc.com/

Facebook: @IrelandInvestmentsLLC/

Instagram: @irelandinvestmentsllc

Twitter: @IrelandLlc


Ireland Investments llc

This information is intended only for the use of the intended recipient(s) and it may be privileged and confidential. Please note that any views or opinions presented in this post are solely those of the author and do not necessarily represent those of the company. This is reposted information and is not original thought of Ireland Investments or anyone associated with the business.

Popular areas we service;


Kansas city Missouri, overland park Kansas, Kansas city Kansas, Olathe Kansas, Independence Missouri, Shawnee Kansas, Blue Springs Missouri, Lenexa Kansas, Leavenworth, Kansas, Leawood Kansas, Liberty Missouri, Raytown Missouri, Gladstone Missouri, Grandview Missouri, Belton Missouri, Prairie Village Kansas, Gardner Kansas, Raymore Missouri, Grain Valley Missouri, Ottawa, Kansas, Lansing Kansas, Excelsior Springs Missouri, Merriam Kansas, Harrisonville Missouri, Cameron Missouri, Mission Kansas, Kearney Missouri, Smithville Missouri, Pleasant Hill Missouri, Oak Grove Missouri, Bonner Springs Kansas, Roeland Park Kansas, Parkville Missouri, De Soto Kansas, Richmond Missouri, Greenwood Missouri, Paola Kansas, Basehor Kansas, Tonganoxie Kansas, Odessa Missouri, Peculiar Missouri, Platte City, Missouri, Higginsville Missouri, Lexington Missouri, Edwardsville Kansas, North Kansas City Missouri, Osawatomie Kansas, Louisburg Kansas, Fairway Kansas, Mission Hills Kansas, Sugar Creek Missouri, Riverside Missouri, Buckner Missouri, Pleasant Valley Missouri, Lawson Missouri, Plattsburg Missouri, Lake Lotawana Missouri, Weatherby Lake Missouri, Wellsville Kansas, Edgerton Kansas, Westwood Kansas, Garden City Missouri, Gower Missouri, Claycomo Missouri, Lone Jack Missouri, Drexel Missouri, Lake Tapawingo Missouri, Glenaire Missouri, Dearborn Missouri, Avondale Missouri, Osborn Missouri, Sibley Missouri, Oaks Missouri, Unity Village Missouri, Levasy Missouri, Randolf Missouri, River Bend Missouri, Jackson County Missouri, Johnson County Kansas, Clay County Missouri, Wyandotte County Kansas, Cass County Missouri, Platte County Missouri, Leavenworth County Kansas, Miami county Kansas, Lafayette County Missouri, Ray County Missouri, Clinton County Missouri, Bates County Missouri, Linn County Kansas, Caldwell County Missouri, Crossroads Real estate, 18th and vine Real estate, Hospital Hill real estate, library district real estate, longfellow real estate, dutch hill real estate, quality hill real estate, river market real estate union hill real estate, Greater downtown KCMO real estate, East Side KCMO real estate, Midtown KCMO real estate, Westport Real estate, Hyde Park real estate, Northeast KCMO real estate, Northland real estate, Plaza Real estate, South Kansas City Real estate, Fairway Kansas real estate, Kansas city Kansas real estate, lake quivira Kansas real estate, Lenexa Kansas real estate, Mission hills Kansas real estate, overland park Kansas real estate, prairie village Kansas real estate, Shawnee Kansas real estate, weatherby lake Missouri real estate, westwood Kansas real estate

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

WordPress.com.

Up ↑

%d bloggers like this: