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#347 Wholesaling Ethics: Exposing Predatory Real Estate Practices
Manage episode 506451324 series 2857031
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Wholesaling can be a legitimate entry point into real estate investing, but when abused, it damages the entire industry. In this episode, Ron Phillips calls out an egregious example of predatory wholesaling where an elderly seller was exploited for massive profit. Ron shares why deals like this give real estate a bad name, why regulators are cracking down, and how investors can—and must—hold themselves and others accountable.
WHAT YOU’LL LEARN FROM THIS EPISODE
- A real-world example of predatory wholesaling that crossed the line
- How risk-reward ratios expose when a deal is fundamentally unfair
- Why celebrating exploitation online damages the industry’s reputation
- The importance of choosing coaches and mentors who teach integrity
- How bad actors fuel regulation and public distrust of investors
- What it looks like to police ourselves and take the high road in real estate
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