Jay Conner and his guest Brett Snodgrass go deep-dive into the difference between Wholesaling vs. Wholetaling.
Watch this short video now to learn more.
Brett Snodgrass is CEO of Simple Wholesaling and has been a full-time real estate investor for 10+ years. He specializes in wholesaling, wholetailing, creative financing, and scaling a business from a one-man-band to an amazing full team running 100s of deals per year.
Brett’s amazing team buys and sells 300+ properties per year and builds passive streams of income by creating 50+ creative financing deals per year. In a five-year timespan, Brett has gone from a one-person team to a full-time staff of 10+ team members and has tripled his deal flow.
For more valuable information click on this link and watch the complete episode: https://youtu.be/nGLOKBWxC18 – “Finding Purpose And Success with Brett Snodgrass & Jay Conner”
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Jay Conner:
You knew wholesaling and whole tailing. What’s the difference between wholesaling and whole tailing?
Brett Snodgrass:
Wholesaling is basically you meet with sellers, you get the properties under contract, and then typically you’re going to sell that contract or sign that contract to an investor for a fee. So some you possibly, you will not buy the property. You don’t have to close on the property. It’s really just finding deals and then selling that contract to an investor that’s wholesaling. Whole taling is where you do buy the property. You do close on the property, and then you do a little bit to the property. Maybe you clean out the property. Maybe you do some things to look at, not to make the property look a little bit better but you don’t do a full rehab, right? You’re not tearing out drywall, putting in kitchen cabinets, putting on new roofs. You’re not doing the full rehab, you’re just doing a little bit to the property and then selling that to an investor. So instead of signing a contract, you do close it, do a little bit to it and then sell to investor on the back end.
Jay Conner:
So whole tailing is it’s flipping but you’re not doing a major rehab.
Brett Snodgrass:
Yeah, basically. I use that word lightly because honestly, when we hold tail, it’s basically we close on the property and then we clean it out. You know a lot of these properties are filled with junk or trash or personal belongings. So it looks terrible. If someone were to walk into it, they’re like, “Wow, this looks really bad because there’s so much junk in it.” So we’ll send a crew in waters, clean it out and then sell it. That deal. We call whole tailing.
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