Wholesaling Real Estate

Yes. You can make money and create a lucrative income with wholesaling real state as long as you understand it’s about marketing and filling a leads pipe line either as an acquisition or my favorite, disposition specialist.

The first step in wholesaling real estate is to make sure you are well educated in marketing especially in aa digital era.

You have to learn how to get and capture attention of your target market where it is most resourceful and effective.

You don’t need a license to close your first wholesaling real estate deal.

However, some states may require that you are licensed when closing beyond one deal within a year.

Wholesaling real estate is never illegal just like it is never illegal to wholesale any other products.

However, some states may require that you are licensed when engaged in more that one deal within a year; it’s regulation.

Wholesaling real estate is never dead but some marketing strategies are natural becoming more and more ineffective due to the massive shift in media and marketing.

How do you succeed in wholesaling?

The #1 secret of success in wholesaling real estate is consistency. The 2nd secret is to continue to master the art and science of marketing. The 3rd secret is to setup as a people’s business.

Personally, the highest I’ve made on a single deal is $82,000.

I have also made as low as $1,000.

There are numerous success stories of people that have made upwards of $200,000 from one deal.

A good target is to close 2 deals per month averaging $10,000 to $15,000 based on personal experience.

A good student of marketing makes a great wholesaling real estate entrepreneur.

Wholesaling real estate is the art and science of finding deeply discounted properties using mass media marketing, locking them under purchase contract and assigning the equitable rights of the contract to an able and willing end buyer for a fee.

Wholesaling real estate is only worth it if you build a marketing machine with consistent lead generation into the pipeline. Closing one deal every other quarter perpetually is not worth it.

You do not need an LLC to close your first deal. However, it is highly advisable to setup any business as a business entity at some point.

Yes; you have to pay taxes on your net income on wholesaling real estate business just like other businesses.

Just keep in mind that your net income is not necessarily capital gains as there are time and skill investment involved unlike just investing capital.

Wholesaling real estate world under only one condition; you have to work.

It’s mainly driven by your marketing skills and some time investment.

It’s a simple business.

However it’s get harder the further away from remain a marketing student you are.

It also gets easier with time and consistency as you will naturally gain more intelligence.

Collect data of potentially distressed and struggling home owners, setup marketing offering to purchase their home as is, negotiate, lock the properties in at a deep discount and assign the equitable rights in the contract to a willing and able buyer in exchange for a wholesale fee.

It’s legal because it solves the problem of getting stuck with an unwanted property for the owner.

There are numerous reasons why a property can become a liability for its owner such as preforeclosure, delinquency, too much repairs needed and etc.

You can start the wholesaling real estate business for as low as a $300 per month budget and that includes funds to market.

Start your wholesaling real estate business by educated first.

There are many available courses out there but the best is our 11 days challenge.

Join your local real estate investors association on meetup, learn how to build a buyer’s list with digital marketing with list monetization.

The best way to generate leads for wholesaling real estate now is digital marketing.

More prospects hang out online today than they do at their mailbox.

Wholesaling real estate isn’t a problem solving business for distressed home owners as well as for real investors who do not have the time to learn how to market.

Therefore it is double ethical.

The only contract you need for wholesaling real estate is a simple real estate sales contract but it must be assignable by adding the “and/or assigns” clause.

Either way, you can always assign a contract as long as all parties of interest are aware as well as no restrictions from lien holders.

Reverse wholesaling is the act for going after deals to fit already predetermine criteria of investors you have already interviewed.

Virtual wholesaling is the act of facilitating full wholesale real estate deal without the need to physically be present to inspect the property and/or to close the deal.

Wholesaling real estate is the art and science of finding motivated sellers looking to sell at a deep discount by marketing offers, locking the properties under contract and assigning the equitable rights of the contract to a willing and able buyer in exchange for a wholesale fee.

Look for motivated sellers and/or build an ever growing list of potential buyers and investors.

Don’t forget to monetize the list as you build it.

For less than $1,000, you can start the wholesaling real estate business for as low as a $300 per month budget and that includes funds to market.

Simply verify the ownership of the property of interest and ask if they are open to an offer on the property.

Once they show an interest, ask how soon and why they need to sell; find out the motivation.