One 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.
Are you STRUGGLING in launching or... GROWING your Real Estate Investing & Wholesaling business?- FREE BOOK ($97 Value)Are you having a difficult time generating motivated sellers, qualified buyers and closing your 1st or NEXT deal? Is your dream to build an empire to sustainable heights heading down the drains? Smart Real Estate Wholesaling PLUS BONUS BOOK "Real Estate Money Secrets" ...and he is giving away a limited amount of both books for free ($97 Value) for a limited time. Would you like the secrets of learning, earning and building your lifestyle, business and real estate empire simultaneously with leveraged and minimal effort? This book is your gateway to 10X and may be even 100X your business and income using the art and science of attraction. Smart Real Estate Wholesaling also serves as a manual for all types of businesses, aspiring and experienced entrepreneurs. In addition to the download of these 2 books, I will also give you exclusive access to a free bonus an optional million dollar opportunity to be coached and mentored by OLA personally. Simply tell us your email address below and the book access will be instantly sent to you. You will have options for Paperback sent to you as well as Kindle or PDF downloads.
Padilla 5.0 out of 5 stars ⭐⭐⭐⭐⭐ Awesome book!!
Cliff R. 4.0 out of 5 stars ⭐⭐⭐⭐ Full of actionable, useful information for sure.
The author does an excellent job of cutting through much of the real estate wholesaling BS that is prevalent in the market. That is to say while most gurus are teaching what they DO NOT DO, Ola outlines steps of creating value at the center of your marketing. His down to earth delivery just makes sense. He speaks of leveraging technology, the importance of multiple income streams, and an overview of the real estate wholesaling business in the new age of business marketing. For example, he mentions that many people don't even like their family members stopping by unannounced, so how can you expect them to be ultra receptive to a stranger popping up looking to capitalize on a misfortune. Of course that's not how the "Door Knocking" conversation would be framed, but that's exactly what it is. All in all I enjoyed the read and if you plan on making action your focus, you will too.
Brian Ellwood 5.0 out of 5 stars ⭐⭐⭐⭐⭐ Solid Advice From Someone Who's Been There
Ola is a legit real estate investor and marketer. He's a real student of wholesaling and marketing - his approach to marketing for wholesale deals - ADD VALUE - is recession proof and feels right. Don't pass up this book!
Melton Thomas 5.0 out of 5 stars ⭐⭐⭐⭐⭐ A true mindset shift!
As a virtual real estate wholesaler and investor, it makes sense to me to optimize my approach and use technology to drive. This book gave me a clear, concise framework that I could leverage and implement!
stacy 5.0 out of 5 stars ⭐⭐⭐⭐⭐ Amazing
This book is amazing and very beneficial. The author is very knowledgeable on the concepts at hand. Definitely a great book to read.
Is real estate wholesaling worth it?
Real estate wholesaling is worth it and all the effort if you understand that it’s about your marketing skills.
If you fall short on that, it can be frustrating and like 98% of the people who try, you will quit.
How do I start wholesale real estate?
Subscribe to services that offer list of potential distressed home owners such as preforeclosures, vacant properties, out-of-state owners etc, download the list of properties and contact the owners offering to purchase their properties.
A good service is www.EmpireBIGData.com
How much do real estate wholesalers make a year?
It depends but particularly on how much of marketing and how skillful the wholesaler is as a marketer in a digital age.
A skillful wholesaler should be making no less than double 6 figures income once up and running with momentum.
Keep in mind; it is entrepreneurship. There is probably not going to be any paycheck next Friday as of yet.
Can you wholesale as a realtor?
Yes you can wholesale as a realtor as long as there is full disclosure between all parties involved.
The only requirement in most states is to always disclose that you are a licensed agent when involved in a real estate transaction as a party with equitable interest.