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Wholesaling
Fast Start / Fast Cash
Technique to making money in Real Estate
Wholesaling is one technique that
allows you to make money without owning any real estate.
There are certain undeniable facts that exist which make this technique
possible.
There are hundreds of properties in any given county in the country
that are in disrepair and likely in a distressed situation. These are
commonly referred to as ugly houses, fixer-uppers, or "Handyman
Specials." (which many foreclosures are)
There are hundreds of people in any given county who have cash
available and who are looking for ugly houses, fixer-uppers, or
"Handyman Specials" to buy.
- Your mission should your chose to accept it is to become a Real
Estate Investment Scout, (wholesaler) by bringing the investors and
properties together.
- This is perfectly legal. In our economy, manufacturers produce
products to sell to wholesalers, who sale to distributors, who sell
to the consumer.
- We locate (manufacture)
agree to purchase with the right to re-sell, (wholesale)
sell to the investor who fixes up, sells or rents (distributor)
to the homebuyer or tenant. (consumer)
- As Wholesalers we locate and either buy a property to sell to one
of our investors, or sell our right to purchase to one of our
investors, who then completes the purchase.
- Anyone who says this is illegal is closed minded and just refuses
to believe that making money in real estate can be so simple. I've
done it many times!
Flipping is also a term used by some to describe Wholesaling. I refrain
from using this word simply because it is also associated with deals that
some people put together that involves fraud. Deals that involve deceit,
misrepresenting the value of a property to a buyer, seller, or lender. It
takes just as much effort to perform an illegal deal as it does a legal
one. Some people just lack good character and are prone to deceit. Avoid
them!
I recommend wholesaling to beginners and experienced investors alike.
I've been in the business 20 years now and I still wholesale. Because it
is quick, fast, easy money. I can't buy and rehab all the deals I come
across. So I take a piece of the pie and share the rest with someone else.
- Beginners: It is great for beginners because there is no money or
credit required. The sooner a beginner gets to that first pay check
the better. Wholesaling gets them in the business making money,
establishing relationships, and acquiring knowledge with no risk.
- Investors: It is great for investors because when their time and
money is tied up, on deals, they can still make money on deals that
come their way by wholesaling the deal to another investor. Instead of
just passing it by.
Wholesaling is simply the technique of bringing the seller and buyer
together by playing the middleman as a principle in the deal. You are
providing a valuable service by helping a don’t wanter get their
property sold, and helping an investor buy a property that can be fixed
and sold for a profit.
Whether you have no money of you’re own to invest, or maybe just have
all of your money currently tied up. You can still make money in real
estate using this technique.
Like the idea of wholesaling properties? Below is more information I
provide you in my mentoring / coaching program.
- Details on how to locate the investors
- Scripts on what to say once you do locate them
- How and where to locate the properties
- Scripts on what to say to the sellers
- Assignment agreement
- How to get your money before the closing
Plus more / Request a mentoring agreement at reosoldnow@yahoo.com |