myEmpirePROIn this post, I’m excited to share a list of top-tier wholesale real estate books that will be your guiding light as you navigate the world of wholesale real estate.
But First, What is Wholesale Real Estate?
Let’s break it down in a way that even your grandma would understand.
You know how you might buy a bunch of something at a discount, like a huge bag of your favorite chips from a warehouse store?
Then, you sell those individual bags to your friends at a slightly higher price, but still lower than what they’d pay at the convenience store?
Well, my friend, that’s kinda like what wholesale real estate is all about, but with houses instead of chips.
Wholesale real estate is a clever strategy where folks like you and me act as the middle person (not a licensed real estate agent) between a motivated seller (someone who really needs to sell their property fast) and an investor who’s looking for great real estate deals but usually not having the luxury of time.
Your job as a real estate wholesaler is to find those properties that the seller is eager to let go of and lock them in at a price that’s lower than what you know an investor would pay with a real estate purchase contract.
Now, here’s the magic: Instead of keeping these properties for yourself (like you would with a bag of chips), you pass on the deal to the investor–the end buyer.
Think of yourself as the real estate matchmaker – you find the perfect property for real estate investment, connect the seller and the investor with assignment contracts or a double closing, and pocket a nice little fee for making the connection.
The highest I’ve made from these types of deals is $82,000 Net Profit from One Single Deal.
But wait, there’s more: Wholesale real estate isn’t just about connecting buyers and sellers. It’s also about understanding the market, knowing how to find those motivated sellers, and negotiating like a pro to get the best deal possible. It’s like a mix of detective work, people skills, and real estate expertise all rolled into one exciting venture.
So, whether you’re looking to dip your toes into the world of real estate or you’re already a savvy investor, wholesale real estate is an awesome strategy that can help you make some serious moolah.
Plus, it’s a win-win situation for everyone involved – the seller gets their property sold quickly, the investor gets a great deal, and you, the clever middle-person, get a nice slice of the pie.
Ready to learn more?
Check out the awesome wholesale real estate books I’ve recommended next to dive deeper into the world of wholesale real estate.
Whether you’re just dipping your toes as a beginner or ready to dive deep, these reads will equip you with the knowledge and skills needed to conquer the wholesale real estate game. And guess what? Stick around till the end, because I’ve got a special surprise waiting for you!
Wholesale Real Estate Book #1: “The Book on Investing in Real Estate with No (and Low) Money Down” by Brandon Turner
Let’s kick things off with a must-read from none other than Brandon Turner. While not solely focused on wholesale real estate, this book is packed with insights into creative financing techniques that I’ve found to be incredibly valuable in my own wholesale deals.
What Do We Mean By Creative Financing?
Let’s demystify the world of creative financing in real estate – it’s like the secret sauce that adds a whole lot of flavor to your investment game.
Okay, so you’ve got your eye on a property that you’re dying to scoop up. But here’s the kicker: traditional financing options might not be your jam right now. Maybe the bank’s giving you the cold shoulder, or you simply want to shake things up a bit. That’s where creative financing swoops in like a superhero!
Creative financing is all about thinking outside the box when it comes to paying for real estate. Instead of relying solely on a standard mortgage from a bank, you get to unleash your inner genius and come up with innovative ways to make that deal happen. It’s like giving your investment journey a splash of color and a dash of excitement.
Here are a few creative financing tricks up your sleeve:
1. Seller Financing: Imagine this – the seller becomes your personal bank. They help finance your purchase by letting you pay them directly over time instead of dealing with a traditional lender. It’s like a more personalized payment plan for your dream property. As you can probably imagine, there is no need to qualify with the typical credit score requirements.
2. Lease-Options: This one’s like renting with a twist. You lease the property with the option to buy it later at a pre-agreed price. It’s like test-driving a car for much longer than a few days or months before deciding if you want to take it home permanently.
3. Subject-to Deals: In these deals, you take over the seller’s existing mortgage payments while keeping the property title in their name. It’s like inheriting a mortgage – the seller’s happy, you’re happy, and it’s a win-win.
4. Private Money Lenders: Forget the bank – you can partner up with private individuals who are willing to lend you money for your real estate adventures. It’s like having a financial buddy on your side.
5. Creative Lease Agreements: Get artsy with lease agreements that allow you to sublease the property or use it for specific purposes. It’s like a real estate puzzle that you piece together to fit your needs.
Remember, creative financing isn’t about breaking rules; it’s about bending them in ways that make sense for all parties involved. It’s your chance to use your imagination and come up with win-win solutions that traditional financing might not provide.
It’s about TERMS.
Wholesale Real Estate Book #2: “Wholesaling Real Estate: A Beginner’s Guide” by Brent Driscoll
Now, let’s talk about a book that holds a special place in this algorithms. If you’re like me and taking your first steps into the world of wholesaling, Brent Driscoll’s guide is an absolute gem.
It covers all the basics of the wholesale real estate strategy and offers practical tips that even a beginner can put into action.
Wholesale Real Estate Book #3: “Flip Your Future: How to Quit Your Job, Live Your Dreams, And Make Six Figures Your First Year Flipping Real Estate” by Ryan Pineda
Ryan Pineda’s book is a game-changer that has shown the ropes not just in flipping but also in wholesaling.
This read is a powerhouse of knowledge, offering guidance on how to kick-start and succeed in the wholesale real estate business while aiming for those six-figure dreams.
Wholesale Real Estate Book #4: “The Wholesale Truth: Real Estate Investing in the Modern World” by Vena Jones-Cox, Brent Driscoll
Vena Jones-Cox’s book is like a treasure trove for wholesale real estate enthusiasts like us.
From uncovering the best deals to mastering negotiations and sealing the deal, this comprehensive guide has been a go-to resource for many in becoming a pro in the wholesale real estate game.
Wholesale Real Estate Book #5: “If You Can’t Wholesale After This: I’ve Got Nothing For You” by Todd M. Fleming
Let’s not forget about Todd M. Fleming’s masterpiece.
This book cuts through the fluff and gets straight to the point, breaking down the wholesale real estate process with practical advice that even a beginner could put into action.
It’s like having a seasoned mentor by your side. This book has been in our radar for a while now.
And now, let’s talk about something near and dear to us here – the books we authored; of course bias but we believe these are the are the 2 best wholesale real estate books.:
The Best Wholesale Real Estate Book #1: “Smart Real Estate Wholesaling: The 3 Pillars of a Real Estate Wholesaling Empire in the Modern Age”
Yes, that’s right – I authored this game-changing read. Inside, I spill all the secrets I’ve learned along my real estate wholesaling journey.
From the latest marketing strategies to setting up the three crucial pillars of success, this book is my ultimate guide for thriving in today’s competitive real estate landscape.
Wholesale Real Estate Book #2: “Real Estate Money Secrets: Insider secrets to real estate investing and building a real estate empire from scratch like a PRO.”
And here’s another one penned by yours truly. In this book, I share insights that I’ve gained over more than a decade practicing in and studying the real estate investing industry.
From unlocking short-term strategies for immediate cash flow to building long-term wealth and protecting your investments, this book bridges the gap between real estate and real estate investing, just like I’ve experienced in my own journey.
Now, for the exciting part – as a big thank you to you, I’m offering both of my authored books for FREE in downloadable PDF format.
Yes, you read that right! Look around this post for the link or banner to download “Smart Real Estate Wholesaling” and “Real Estate Money Secrets” for FREE
So, my fellow real estate enthusiasts, you’re equipped with the ultimate reading list for conquering wholesale real estate.
From foundational guides to insider tips, these books are your compass for navigating the wholesale real estate landscape. Happy reading and happy investing!
Frequently Asked Questions
Top real estate wholesalers can make substantial profits, with earnings ranging from thousands to six figures per deal.
Wholesaling real estate requires effort and learning, but it offers a straightforward entry into the industry.
Beginners can start wholesaling houses by finding motivated sellers, locking in favorable deals, and connecting them with investors.
Wholesaling real estate can be challenging due to competition and negotiation skills needed, but dedication and knowledge can lead to success. The hack is consistency.