How Much Money Do You Need To Wholesale Real Estate?

From Data to Deals, Wholesale Real Estate

This is kind of similar to saying, “How much money do you need to flip houses” Well, you need a job. You need to keep your job if you're trying to wholesale real estate... at least until your income is absolutely replaced. The mistake that I see a lot of people make is, they quit their job thinking that they're gonna get rich tomorrow. It is very highly likely you will never get rich. I'm just being honest with you. You know why? Because it depends on you. I don't know where you're coming from, I don't know your work ethics and I don't know what you bring to the table. Now, with that being said, when you have a coach it’s a little bit easier as you can imagine…

Should I Wholesale Real Estate?

From Data to Deals, Wholesale Real Estate

This is a frequently asked question and the answer is yes; here is why you too should learn how to wholesale real estate. If you're asking this question, you've encountered the idea or… The business model of wholesale real estate, which is basically… Finding deeply discounted properties,Locking the properties up under contract, and thenSelling the equitable rights in the contract …in exchange for a lucrative wholesale real estate fees; Why do you get paid? Because you help people who are too busy investing and fixing up properties find deals. You get paid very handsomely for simply setting up systems to finding such deals for real estate investors. The highest I've gotten paid for doing exactly what I just told you without involving my personal finances or credit is $82,000 from…

At What AGE Can You Wholesale Real Estate?

From Data to Deals, Wholesale Real Estate

So there's are lots of new kids on the block... entrepreneurship that is. My children are actually some of them. Even my sons are getting into that stage where they are just a lot smarter than I was when I was their age. And that's just where we are as a generation. So we have a lot of new teenage entrepreneurs. Back in the days, they sold lemonade in front of the house, ...but these days these kids are learning a lot more. They want to know at 14 and 15, "can I start wholesaling real estate?" The answer is "yes" but there's some restrictions I should point out. PREVIOUS POST: How Wholesaling Real Estate Works? There are some things, not restrictions per se, to be aware of. When it's…

How To Wholesale Real Estate ONLINE?

From Data to Deals, Wholesale Real Estate

Question: “How to wholesale real estate online?” In my opinion, "online" is the only way to do it. As a matter of fact, there's no such thing that's offline anymore. Everyone is on the Internet. Let's assume that you know how to do this the old school way. You know how to find real estate deals, you know how to locked deals up under contract, and flip the contract, …when it gets to the time that you have to liaise with the title companies to structure the deal and get it closed, All of these people are gonna be communicating with you for the most part by email. So there's no such thing as "offline". This is just a mindset shift that most people need to really speed up, get…

The Definitive Guide to Running Comps in Real Estate📍

Wholesale Real Estate

What Does Comps Mean in Real Estate? Comps is simply short for “comparable”. In real estate, especially real estate investing, you make money when you buy and not when you sell. So in order to make profit while investing in real estate, you need to be able to sell at a reasonable price with respect to the market at large. Real estate comps will allow you to determine what a piece of property is worth. Without available comps, a piece of property is essentially worthless ....and I will explain that in detail in a few seconds. When a piece of property doesn't have comps, that's the equivalent of no buyers and no sellers in that marketplace, area or neighborhood. So if you ever encounter this situation as an investor, you…

3 Stages to Conquer Before Wholesale Real Estate Deals📍

Wholesale Real Estate

Way too many people are chasing after wholesale real estate deals without a proper understanding of what leads to one. I get it… After all, you are "one deal away" right? Nah…. At least, you need to know about these 3 stages that you must pass through in order to get to closing wholesale real estate deals at scale. Of course , you can get lucky without these stages but luck and hope can only happen so many times. STAGE 1 - Data Collecting and analyzing data is a very important part of any business in the digital era. It allows you to add predictability to your business especially when you collect the data in bulk. Property addresses and owners are all data on a public record that you have…

3 Benefits of InBound Marketing in Attracting Wholesale Houses for Sale 📍

Wholesale Real Estate

Maintaining and growing a healthy size wholesale houses sale inventory is key to consistently closing deals. In order to do that, you have to constantly be engaged in prospecting and marketing for the next one. But initiating prospecting and marketing can happen in one of 2 different ways. InboundOutbound They both work but the latter requires more sales skills because you are essentially requiring people for unsolicited conversations. But again, nothing too strange about that, you just have to be good at selling them as soon as the conversation starts. I personally prefer and recommend inbound marketing because of this 4 benefits. (1) Attraction Marketing You are essentially planting value seeds everywhere that you already know will attract your ideal prospect to initiate the conversation. For example, you put a…

3 Tips to Smooth Sales Closing of a Wholesale Property 📍

Wholesale Real Estate

The last step in profiting from flipping a wholesale property is closing the title. In that process, the title of the property is transferred successfully to a new owner. But it is not as simple as I made that sound. However, there are a few 3 tips I want to share with you as inspired by the question below to make it as smooth as possible. Wholesale Property Profits Tip #1 - Legalities The title and/or closing agent or attorney is paid to worry about that part of the transaction. So do the best you can to not involve yourself in that headache. Once the contracts are executed, your job with legal issues are basically done. FREE Audio book - Smart Real Estate Wholesaling... Tip #2 - Funding Even though…

4 Traits of a Fast Growing Wholesale Homes Sale Inventory📍

Wholesale Real Estate

If you want to build an actual business, one thing you should be obsessed with is growing a wholesale homes sale inventory. So in any given month, you should have at least 10-20 homes in it that your buyers’ list can check out from time to time. Therefore in order to do that, you must master these 4 traits that the successful ones have. (1) Never personally drive for dollars The keyword there is “personally”. Sure you can have others whose time is not necessarily as valuable doing that but if you can get a regular job for $10 per hour, Driving for dollars, as primarily a data collection method, is probably not worth your time. (2) Bulk Data Collection & Analysis → Fast & Profitable Wholesale Homes Sale Inventory…

5 Essential Tips to a Massive Wholesale Properties Sale Inventory📍

Wholesale Real Estate

Most people get stuck with the 65%, 70%, and 75% rule when it comes to wholesale properties sale. So do yourself a favor, free yourself with these 5 tips for longevity and profitability. (1) Multiple Streams of Income Beyond Wholesale Properties Sale The idea of wholesale real estate is to find deep discounts but if it was easy, everyone would be doing it. People who survive the business long term have made it a point to have multiple streams of income. So the deep discount will come if you get busy with all types of deals; even retail sales. And you can even sell products that are not real properties as long as a potential buyer can find value in it. So the tip is to not get stuck on…