wholesale real estate marketing|how does wholesale real estate work

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Jeff Watson is a licensed attorney in the state of Ohio and has been a real estate investor since 1994. He considers himself a part-time real estate investor, and a full-time attorney. He invests in both residential and commercial properties and legally represents other investors when it comes to residential and commercial matters. He has also ……
Why Join? Related: How to Start Investing in Real Estate in Your 20s © 2016 Wholesale Deal Matcher All right reserved. Hattie Dizmond on January 26, 2016 1:57 pm
Tips and tricks of the trade 4.0 out of 5 stars 86 Hello, August 11, 2015 at 3:31 am Good luck.
Great question, Will! How to Wholesale Real Estate Good. March 10, 2016 at 5:38 am 4.0 out of 5 stars 72 Awesome, thanks for leaving a comment Takeshia! I’m glad to hear this was helpful for you! 🙂
No previous real estate experience is required. In fact, the most successful people have no prior real estate experience…. Keaton,
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Absolutely. It doesn’t matter if they still owe money on the house as long as what you are offering will cover what they owe (as it must be paid off at closing).
Action will provide you with the motivation to keep trying different approaches, but NEVER NEVER NEVER blatantly lie to a seller ! Not only will that ruin your reputation, but it will ruin every other wholesalers reputation in the process.
Kalen Bruce on April 10, 2018 at 7:02 am Full Name* VIEW PROFILE arrow_forward Section 1031 of the IRS code allows real estate investors to sell investment properties in exchange for a “like-kind” property of equal or greater value. For example, you could sell your two family rental and co-invest in say, a shopping center or office building. Sure, this doesn’t sound that exciting until you learn that under a 1031 exchange, you won’t pay a dime in capital gains tax.
One of the biggest struggles that many new investors have is in coming up with the money to purchase their first real estate properties. Well, BiggerPockets can help with that too. The Book on Investing in Real Estate with No (and Low) Money Down can give you the tools you need to get started in real estate, even if you don’t have tons of cash lying around.
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Another best way to make money is through fixing and flipping houses. The title explains it all; you buy a house under market value, renovate it, and resell it for a profit. This option is a great real estate investment strategy to help you reap off the benefits in a short duration of time. But, be very careful to buy the property at the right price to avoid breaking even or worse, ending up with a loss. One last tip, location is key. Don’t forget to consider a strategic location when buying your investment property/ies to get higher returns. One of the best ways to make money in real estate is choosing a prime location for your investment. 

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In short, wholesaling is a great strategy to add to your tool kit.  In fact, if you’re just starting out it is one of the best ways to get your feet wet with buying and selling properties.  Focus some serious energy on becoming a pro at marketing to sellers, evaluating properties and negotiating win-win deals, and you will find yourself running an amazing business with great potential!
Thanks Again One of the biggest struggles that many new investors have is in coming up with the money to purchase their first real estate properties. Well, BiggerPockets can help with that too. The Book on Investing in Real Estate with No (and Low) Money Down can give you the tools you need to get started in real estate, even if you don’t have tons of cash lying around.
Hey Brian, Forgot Password? The seller was a little sketched out and had backed out twice already (and then came back and wanted to proceed), and I was just kind of done. Principle
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Sale! However, for those willing to put in the work, great things can happen. The story above with Jim and Tom is fairly simple, but a $5,000 wholesale fee is completely normal for good wholesalers.
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Once the homeowner has agreed to meet with you, you’ll want to discuss the benefits of selling the home to you. Most wholesalers focus on how selling to them will alleviate whatever pain points are motivating the seller in the first place. An example might be helping someone avoid defaulting on a mortgage they can no longer afford.
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You can learn more and grab your copies right here: LDP Why is Wholesaling Not Working for Me? What am I Doing Wrong? – Part 1
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Amen, Robert! Add to Outlook Disclaimers Would you like to learn more about Wholesaling? Visit my Webinars page and select: Andy Munoz on March 14, 2015 3:44 pm Your name here
What is everyone’s input on this topic? Phil, your honesty knows no bound. I respect you for that. Find a real estate investor whom you’ll “assign” the contract to Brittany on February 17, 2017 12:39 am
Hotel Van Hai Nguyen says: Blank Notebooks Keep up the great work! Whether wholesaling or engaging in any other kind of business, you need systems, processes, and good communication. You’re blaming the other investor for being irresponsible. Was he? Maybe. But he wasn’t the only one. If you had managed the process and the communication, you and the seller would have had advance notice that things were not coming together. You can reduce the chance of the buyer backing out by collecting a non-refundable deposit.
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One Reply to “wholesale real estate marketing|how does wholesale real estate work”

  1. How do you broach the subject of the fact that you are going to be making money on the transaction with the seller?
    The key to any real estate investment is spreading your available capital into several projects to maximize your earning potential while minimizing your investment risk.
    September 2016 (4)

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