myEmpirePROOne of the most frequently asked questions ever is… “what is real estate wholesale?”
So it’s simply a real estate investing strategy.
What makes it different from your typical real estate investing is that you do not have to have the money for capital or down-payment.
Therefore it’s a wide open opportunity for you to invest your time and marketing skills in real estate
And make multiple 6-figure income in Real Estate Wholesale doing it over and over.
Your new marketing skill is invested in finding deeply discounted properties
…and assigning the rights to purchase it to others in exchange for assignment fees.
My highest assignment fee is $82,000; it can be much less or much higher.
So it just depends on the size of the deal or the size of the equity you are able to rescue.
There are many gurus teaching gimmicky deal finding methods designed for people who have a hard time investing in proper marketing skills and marketing…
What’s a Good Marketing Budget for Real Estate Wholesale?
My advice to you is to understand that free money doesn’t exist and chasing after such only makes you sucker in the game.
Sure you do not need capital for a down payment and purchase price,
But you do need to understand that there is always a catch.
If you can’t afford to spend $300 – $500 per month on a potential 6-figure business, that should tell you a lot about your fate in entrepreneurship.
Also before entering a deal, you need to exit.
You need to understand the concept of “exit before you enter” in Real Estate Wholesale…
What it essentially means is that you should have a goal before knowing if an asking price is a deal or not.
For the most part, the asking price is irrelevant.
You can only use it to gauge the motivation level of your seller.
www.DealEstimator.com is an amazing free tool and calculator that you can use for that.
So what is real estate wholesale? It’s definitely not about calling other wholesalers unless you have a ready, willing and able buyer.
You need to bring a contract with a seller, a buyer or both to the table.
Below is a question for us to address Real Estate Wholesale…
“So on Wednesday you could say, I began extensively researching how to get my foot into wholesaling.
It’s been on my mind for a while but never executed on my ideas.
I have a good idea of the wholesaling process after research but of course, I still have many questions and small details within the process.
I’m confused about.
Nonetheless, I took action today and drove in my area and called the numbers on a few bandit signs.
I found an REI and she gave me a lead, saying she didn’t want it.
She says it’s available and asking $69,000.
What do I do now?
Any tips would be greatly appreciated, thank you!”
Enjoy the video.
