Wholesaling is only passive if you scale it! Unlike any other business the material value of your company is going to be based off of your deal flow. I see wholesalers all the time that look at it with rose colored glasses. The problem is you’re not building UBer, you’re not creating the next Facebook, or even building a product. This means that unfortunately, you and I can’t sell our wholesaling businesses for billions of dollars. I think the goal for most of us was/is to just be able to quit our day job and go Full-time. If that your only goal… Wholesaling can get you there. For me… I want multiple streams of income. I want my business to still function even if I’m not directly involved for a day, a month, or even a year. So how can we do that? You scale it. You hire acquisitions managers, you increase your marketing budget, you do more deals, and you build consistency. I’m not completely passive on my local market. But… I did get 4 homes under contract while at the beach. I can tell you, that didn’t suck. My goal over the next 12 months is to build up this market and a few others where I simply manage the acquisitions managers. I can do that from anywhere in the world. What I’ve done over the last 6 months was turn wholesaling from a job into a business model. I know look at my entire business less on a deal to deal basis and more on a profit/loss basis. My goal is to turn it into more of a “function equation”. If I put $10,000 in can I get $15,000 out? How about $20,000?  Now, I’m still looking to hold rentals, I’m still involved in flips, and I have a few other things in the works. But, I’m well on my way!

The model I reference above has been extremely popular with some business owners I know looking to diversify.