I`ve seen very few have any success with this
The ones that I`ve seen make any money $$ haven`t been impressive. Results have been irritated realtor`s and sellers. I`m sure there are a few, but I`ve not seen anyone, ever, turn "wholesaling" into there sole business over the long term and make good $$$ off of this.
Your time and reputation are important things... and if your specializiing in a market you`ll burn bridges that will cost you more $$$ in the long run... if you have any succcess at all...
I think there is more money to be made off teaching others about this topic than there is actually doing it.
To generate $$$ for buy and holds why not:
Pay down mortgage.
Do this by lowering your other expenses to free up funds and by making more $$.
Take on more hours at work?
Take additional courses to allow for higher paying work?
Time..
Then take out heloc.
Investing generally involves having $$ to invest.
QUOTE (wefindituownit @ Apr 23 2010, 05:16 PM) Please explain why? I am new and would like to generate captial to go out do bigger deals. Buy and holds and JV`s