7 Steps of Wholesaling Real Estate Step-By-Step 📍

7 Steps of Wholesaling Real Estate Step-By-Step 📍

wholesaling real estate
In this lesson, we will go through wholesaling real estate step by step in a way that you can actually use as a checklist for your business. As a refresher, wholesaling is the art and science of... Finding deeply discount properties, Locking it in a purchase contract andAssigning the equitable rights secured by the contract an able and willing buyer in exchange for an assignment fee. In essence you get paid handsomely for finding the deals; the highest I got from one single deal to date is $82,000. So here are the 7 steps to achieving this over and over again. (1) Get List of Distressed Owners Why would someone want to sell you a whole house at a deep discount? Let me give you just 5 reasons: Need repairs…
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4 Basic Parts of a Real Estate Wholesaling Contract📍

4 Basic Parts of a Real Estate Wholesaling Contract📍

wholesaling real estate
Signing the contract is probably the #1 of wholesaling real estate basics; why do you think many rookies confuse a contract with a deal? I get it… It’s the first step towards closing a deal. Isn’t that what everyone wants? So I want to share with you the 4 basic elements that make a contract binding. But please keep in mind that your contract is in reality only as binding as the motivation level of the seller of the property, BOOK: Smart Real Estate WholesalingFREE PDF | PAPER | KINDLE | FREE AUDIO-BOOK Anyone can pull out of your contract. And because you are wholesaling real estate as a game of volume, it just won't be worth your time trying to sue for breach of contract. (1) Offer This is…
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These 4 Things Are Important When Wholesaling Properties Involving Real Estate Agents📍

These 4 Things Are Important When Wholesaling Properties Involving Real Estate Agents📍

wholesaling real estate
Real estate agents can be great resources for you when wholesaling properties but not without these 3 best practices. Ultimately, how you show up to an engagement with an agent can present you as a nuisance or a client. Those are the 2 languages That Real Estate Agents Understand. Wholesaling properties is of course primarily about off market deals; no one should be targeting a house on the MLS with the marketing resources. There are some strategies that can target MLS but those are the exceptions. Wholesaling properties is legal but an out of the box investing strategy; not a job… you are an investor. So essentially, you are not really in competition with an agent but you can easily look like a competition or worse; a scam artist. It…
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4 Variables of the After Repair Value & Wholesaling Real Estate for Dummies📍

4 Variables of the After Repair Value & Wholesaling Real Estate for Dummies📍

wholesaling real estate
The question below has inspired another wholesaling real estate for dummies lesson but it’s okay; I am here for it. As I said in my previous lesson, there is very little room for speculations in wholesaling real estate So our frame of reference is very important And it has to be calibrated to get you ready for the massive success that wholesaling real estate "done-right" creates. Therefore there are 4 variables that you must keep in your back pocket in order not to sound stupid to the people that can help you. Variables simply mean when any of these 4 things change, it can potentially change the fate of a potential deal. Wholesale Real Estate Facebook Ads Tips (1) Subject Property This is the main property in question and of…
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7 “DON’TS” & Wholesaling Real Estate for Dummies 📍

7 “DON’TS” & Wholesaling Real Estate for Dummies 📍

wholesaling real estate
We are helping lots of advanced wholesalers but this lesson is designed particularly to be a wholesaling real estate for dummies version. So if you’ve closed at least ONE deal, it’s probably not for you; here are your 7 “DON’T DOS. (1) Don’t Confuse a Contract with a Deal While it is worth celebrating it when you do lock a property under contract, it can be very misleading to your own mindset to think of it as a deal. So you have: Data, then Owner, then Negotiation, then Contract, then A willing and able buyer, then A deal can be closed hopefully. (2) Don’t Give Yourself an Ultimatum Testimonials and success stories are lovely, motivational and inspirational. But the downside is when you get attached to how much another person…
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12 MORE Tips to Wholesaling Houses for Beginners 📍

12 MORE Tips to Wholesaling Houses for Beginners 📍

wholesaling real estate
Wholesaling houses for beginners is even simpler than the overly advanced stuff if you follow a few simple steps. And stop complicating it beyond solving problems for distresses owners. I gave 4 tips for beginners in this post But I want to add 12 more tips as inspired by the questions below by a beginner; I thought, As a Wholesaling Beginner, you’d find value in it. Don’t overthink sales contracts; any contract will work as long as the seller is motivated.Don’t go to the courthouse wasting time to pull data in the name of quality and “free”; ...you get paid for flipping time into money faster than a day job can.40th Law of Power - Despise the free lunch; YouTube University is good for fanboys. Professionals pay to be trained.Don’t…
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The History of Virtual Wholesaling Real Estate📍

The History of Virtual Wholesaling Real Estate📍

wholesaling real estate
During the 2020 pandemic, one of the most popular trending questions became “what is virtual wholesaling real estate?” [sc name="govirtual"] What Is Virtual Wholesaling Real Estate? Virtual wholesaling real estate is the art and science of wholesaling real estate for big profits... Without physically meeting the owner and/or seeing the property. So this question is a little late but no worries, You can still learn it, use it... And hopefully learn how to go ahead of the curve in business as you build your career in wholesaling real estate. Virtual wholesaling is not a brand new solution that came with the pandemic. It is a solution to the increasing obsession of humans with faster, easier, and simpler need to do more ... with less resources. Therefore every business owner should…
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4 Beginners Tips to Wholesaling Houses for Profits📍

4 Beginners Tips to Wholesaling Houses for Profits📍

wholesaling real estate
Wholesaling houses for beginners can be life changing but it can also kill a belief system. So I want to share 4 tips to help you increase your chances of becoming a success story like I did. TIP #1 - Turn your Excuses to your Why The best skill you can apply to your journey is to turn all your excuses to the motivation you need to win. All excuses are legitimate and real problems that you can use to improve your problem solving skills. You will need the skill in wholesaling houses. TIP #2 - The Goal in Wholesaling Houses as a Beginner is NOT to Quit, It's to Replace the Income First I understand the promises of becoming a millionaire but the worst place you can find your…
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2 Types of Seller Motivation to WHOLESALING More Homes 📍

2 Types of Seller Motivation to WHOLESALING More Homes 📍

wholesaling real estate
The condition of a property is generally a secondary factor when wholesaling homes. That is always true because real estate is all about ...location, location… LOCATION! If it’s a vacant lot, a condo, a house, a mansion or whatever it may be, The location and everything within a 1 mile radius is the determinant factor in the value. We call it comparable or comps for short. Traditionally, the seminar gurus suggest bothering realtors and real estate agents for comps but you get some comps here for free. It's the ultimate tool in real estate for pulling and analyzing data called Propstream. Every seller is more motivated by one of these 2 things than the other. Time orMoney Sometimes, it can be blurry. In that case, you will have to help…
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