is typical per deal. At one deal per month your annual income would be $60,000 but I've made that much in one deal.
You don’t have control over whether the deals go through.
The truth is that sometimes deals don’t go through, and it might not even have anything to do with you. For example, sometimes buyers simply back out. (Yes, they can legally do this.) This can be even more stressful than the irregular income, especially for investors new to wholesaling. According to The Real Estate Wholesaling Bible by Than Merrill, new wholesalers have about a 50% chance of deals successfully going through. This stat might seem off-putting. However, when you know there’s a possibility of failure, you can have a backup plan in place, which can help lessen both the risk and the stress. if the numbers work, that's half the battle. Remember the formula, 70% of the ARV minus repairs and wholesale fee. Hey, it rhymes.
It’s not easy pulling everything together.
There are many steps in the wholesaling process, and it’s not always easy to pull things together. Sometimes you just can’t find the right deal. You need to be able to get the property for lower than it’s worth, or else you’re not going to make any money, and these properties aren’t always out there. As we’ve already discussed, you also need to have the right buyer. Even if you’ve got a great list of potential buyers, it’s possible that you don’t have anyone who wants the particular property you’ve found.
You’re subject to market volatility.
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