Comments on: Controversial: Do Real Estate “Wholetalers” Offer Any Real Value?

By: Eric in Silicon Valley

Eric in Silicon Valley — Mon, 08 Feb 2010 20:48:48 +0000

One way to answer the question is not to define value from within, but to see see how this activity is valued from without. Whether it is rehabber, or retail buyer, or whoever that is buying, the fact that somebody else is willing to spend the $10k assignment fee not only shows that somebody else places value on the activity, but also shows exactly how much they value that activity. So, we should be asking *buyers* what they perceive to be getting for that $10k, whether it’s a saving in search costs, hassle, time, discount vs. retail, or anything else.

The question may really be a way of suggesting that the wholesaler doesn’t add much to the equation, or, if you acknowledge that the wholesaler brings hard-won experience, contacts, marketing budget, etc into play, that the value of all that is really, from the perspective of the wholesaler, not as valuable as the assignment fee.

I would just remind that there’s a free market, and if somebody else didn’t see that value, they wouldn’t pay.
.-= Eric in Silicon Valley´s last blog ..Twitter Weekly Updates for 2010-02-07 =-.

By: Eric in Silicon Valley

Eric in Silicon Valley — Mon, 08 Feb 2010 20:48:00 +0000

By: Real Estate Investing Links for December 2, 2009

Real Estate Investing Links for December 2, 2009 — Sat, 02 Jan 2010 05:26:07 +0000

[...] “Do Real Estate Wholetalers Offer Any Real Value?” [...]

By: Mike Lautensack

Mike Lautensack — Fri, 04 Dec 2009 01:45:16 +0000

I think they can add valaue but in the real world we see to many people with no training and no real busienss sense taking advantage of people

Well trained and seasoned wholesalers can add real value to thier clients by buying right and passing some of the profit on to the next guy – but experiance that 1 on 10 are gpood the reast are losing thier own money and the money of the people that buy from them
.-= Mike Lautensack´s last blog ..Discover How to Use Post-It Notes to Get Sellers Calling in Droves =-.

By: Mike Lautensack

Mike Lautensack — Fri, 04 Dec 2009 01:45:00 +0000

I think they can add valaue but in the real world we see to many people with no training and no real busienss sense taking advantage of people

By: Stephen Davis

Stephen Davis — Thu, 03 Dec 2009 19:57:03 +0000

I really like Bob’s mentality. Leading a balanced life is most important and flippers really do help other people.
I did it to get started but now I do nothing but buy and hold for cash flow. Flipping was a way to get started.

By: Stephen Davis

Stephen Davis — Thu, 03 Dec 2009 19:57:00 +0000

By: Shauwn

Shauwn — Tue, 01 Dec 2009 22:28:45 +0000

Some of the most genuine and honest real estate information I have read in the past six years as a investor. Thank you for proving that there are good people in this business.
.-= Shauwn´s last blog ..The Real Estate Investor Radio Show – Following the Clues of Success by Looking for Mentors Outside of the Family =-.

By: Shauwn

Shauwn — Tue, 01 Dec 2009 22:28:00 +0000

By: Bill B

Bill B — Fri, 27 Nov 2009 03:53:04 +0000

Hello folks!

I am an Australian who is virtually flipping US properties in OZ. I believe the debate about VALUE has already been answered in every single post, because value is simply our very subjective way of defining meaning to anything in this world. So none of us are wrong or right to be wholesalers or critics of wholesaling.

This may lead to an ethical debate, so lets add a moral barometer Q. to measure what harm we do to ourselves and to others through our actions as wholesalers through the question – ‘what harm do I as a wholesaler do myself and others when I attempt to find the most undervalued property to provide a person with less passion to find undervalued properties, and more priorities set on buying and rehabbing or creating their own profit with their own investing strategy?* I think the answer lies in the following which I believe is a universal truth from the Talmud: *we do not see things as they are…we see things as we are*

Let me explain….Value is simply an emotionally infused meaning we ascribe and project onto anything in life.

My Value as a wholesaler is to be the most cherished and grateful father, husband and member of the world community I can be….this is my passion, wholesaling is my means to obtaining continual profits to fuel my passion of an ideal world for myself and my immediate family and friends.

I believe man’s fundamental motivational drive in life is the meaning he associates to everything in his life…I believe instinctual drives are secondary and subordinate to this profound meaning we all use to craft our lives for the positive or the negative in any endeavor. – read “Man’s search for meaning” for Viktor Frankl’s notion of logotherapy or meaning-therapy

The presupposition behind the question *what value does a wholesaler give?* is that a quick flipper is obliged to find a value that is aligned with the value of the end buyer and seller* and also that there is perhaps no value in providing something that others could potentially do themselves. The question may be positively and consciously well meaning but I disagree that the value that a wholesaler finds in his work has to be similar to or aligned with the very personal and very different value and strategy that an end buyer or motivated seller finds in dealing with us. Having said that, I think it is a good question to ask because we cannot bunch all wholesalers together and there are greedy flippers out there and equally greedy buyers and sellers…but is greed wrong? when there is no such thing as scarcity of money (at least in my world! Is *greed* or *pursuit of abundance* wrong especially when it is fuelled by a positive intention to better oneself and ones family? I think only you can answer this yourself with the meaning you ascribe to the art, science and service of wholesaling

Bill B