How To Wholesale Real Estate In Nebraska: Step by Step (2025)

Learning how to wholesale real estate in Nebraska is something more investors are getting curious about—and honestly, it makes sense. Nebraska's market is shifting, and if you're paying attention, there are real opportunities opening up.

With wide-open landscapes, steady population growth, and cities like Omaha gaining traction, the real estate scene here is picking up. Inventory is climbing, homes are selling closer to market value, and investors are starting to take notice. Even the Nebraska Realtors Association has pointed out that buyers now have more leverage than they’ve had in years.

And with Omaha on track to top 1 million residents soon, the need for housing is only going to grow. That’s why now is a smart time to get familiar with how to wholesale real estate in Nebraska—especially if you're looking to get in early, before the rest of the crowd catches on.

• What Is Wholesaling Real Estate?
• How To Wholesale Real Estate In Nebraska (9 Steps)
• Is Wholesaling Real Estate Legal In Nebraska?
• How Much Do Real Estate Wholesalers Make In Nebraska?
• Do You Need A License To Wholesale Real Estate In Nebraska?
• Is Wholesaling In Nebraska Easy?
• Final Thoughts On Wholesaling In Nebraska

Ready to Take the Next Step in Real Estate Investing? Join our FREE live webinar and discover the proven strategies to build lasting wealth through real estate.

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*Before we begin our guide on wholesaling real estate in Nebraska, we invite you to view our video on How To Wholesale Real Estate Step by Step (IN 21 DAYS OR LESS)!

Host and CEO of Real Estate Skills, Alex Martinez, provides a comprehensive, step-by-step guide for beginners to start wholesaling real estate!

What Is Wholesaling Real Estate?

Simply put, real estate wholesaling is when you get a contract on a property from a homeowner or seller. Then, you turn around and sell that contract to an investor or cash buyer.

Wholesaling is attractive to a lot of people because, in its truest form, it doesn’t involve making repairs to the house for a flip or sitting on a costly piece of property until you find the right buyer.

This type of real estate transaction offers big rewards on a short-term investment because the purchase and sale of the equitable rights (the contract) usually takes place very quickly, sometimes within the same day.

Wholesalers make money by selling the real estate contract at a higher price than it was purchased. Money is made by either charging the end buyer an assignment fee upfront or by buying the property and then quickly selling it for a profit.

The best wholesale real estate opportunities are found in distressed properties or foreclosures, which are below market value. This is because homeowners are typically motivated to get out from under the property and, in their eagerness to sell, often aren’t looking for a profit.

 Read Also: How to Start Investing in Real Estate with No Money

Why Wholesale Real Estate In Nebraska?

If you’re looking to break into a stable, affordable real estate market, wholesaling real estate in Nebraska could be a smart move.

The average home value sits at $275,410, according to Zillow, which makes the state a great place to find deals that actually pencil out.

On top of that, there are currently 353 properties in foreclosure, 24 bank-owned homes, and 136 properties heading to auction, per RealtyTrac.

That means plenty of motivated sellers—and plenty of chances to structure profitable wholesale transactions.

Since Nebraska isn’t as saturated as some of the bigger states, there’s less competition and more room to build a solid real estate wholesaling business with strong returns.

How To Wholesale Real Estate In Nebraska (9 Steps)

New wholesalers in Nebraska might get a little star-struck when they realize they can stand to earn big bucks on real estate deals with minimal effort. However, as with anything, it takes work. It also takes strategy.

With that in mind, here's our simple step-by-step process for wholesaling real estate in Nebraska:

1. Partner With A Wholesale Mentor
2. Learn Nebraska Real Estate Wholesaling Laws & Contracts
3. Understand The Nebraska Real Estate Market & Lingo
4. Build A Cash Buyers List
5. Find Motivated Sellers & Distressed Properties
6. Put Distressed Properties Under Contract
7. Assign The Contract To Cash Buyer
8. Close Deal And Collect Assignment Fee
9. Double Close Or Wholetail When Necessary

1. Partner With A Wholesale Mentor

You wouldn’t try to become a brain surgeon without training or guidance—so why try to master wholesaling without a mentor? Having someone to guide you through the ins and outs of the real estate world can make all the difference, especially in a competitive market like Nebraska.

A wholesale mentor is someone who’s already done what you’re trying to do. They’ve worked deals, made mistakes, learned the ropes—and they can pass that knowledge on to you. A great mentor will also understand Nebraska’s real estate landscape, helping you connect with buyers, lenders, and even showing you how to spot solid wholesale deals. From structuring contracts to building smart exit strategies, a mentor can give you a huge head start.

Look for experts who have experience as realtors or real estate brokers, but also make sure they understand wholesaling specifically. You can find mentors through social media platforms, real estate groups, or local meetups. Whether you’re in Omaha, Sioux Falls, or just over the border in Kansas, there are plenty of communities where you can connect with experienced professionals who are eager to help.

Read Also: How To Wholesale With A Realtor: The (ULTIMATE) Guide

2. Learn Nebraska Real Estate Wholesaling Laws & Contracts

Wholesaling laws can vary a lot from one state to the next, and Nebraska is no exception. Before jumping into your first deal, it’s important to understand what’s allowed and what isn’t. A good place to start is the Nebraska Real Estate Commission, which outlines the legal dos and don’ts for wholesaling, including how to structure your contracts properly with both sellers and buyers.

If you ignore the rules, you risk more than just losing a deal. You could face steep fines, legal trouble, and a damaged reputation among serious investors in your market.

Here’s what every new wholesaler in Nebraska should know: You’re allowed to market and assign your equitable interest in a contract without a real estate license. What you can’t do is advertise or sell the property itself unless you’re a licensed real estate agent or broker.

Fortunately, most wholesale contracts are pretty straightforward. There are tons of templates out there to help you get started. Still, having a knowledgeable mentor or real estate professional review your early contracts is always a smart move. A little expert guidance can go a long way in keeping you compliant and confident as you get your wholesaling business off the ground.

3. Understand The Nebraska Real Estate Market & Lingo

Every industry has its own unique language, and real estate is no exception. If you’re not yet familiar with terms like MAO, ARV, or MLS, now’s the time to get up to speed. This is where having a mentor—or enrolling in a real estate wholesaling training program—can make all the difference.

A good mentor will help you quickly understand the vocabulary, acronyms, and everyday lingo used in real estate so you can carry yourself like a pro when talking to buyers or sellers.

Just as important as learning the terms is getting familiar with the Nebraska real estate market itself. While your mentor can help guide you, it’s smart to track market trends on your own, too. Joining a local association like the Omaha Area Board of Realtors is a great place to start.

You might also consider the Nebraska Realtors Association, which regularly shares updates on real estate values, inventory trends, and economic outlooks across the state. Staying informed will help you price your wholesale deals more accurately—and give you a competitive edge in the field.

Read Also: Can You Wholesale MLS Properties?

4. Build A Cash Buyers List

Now that you’ve gotten familiar with Nebraska’s real estate market and learned the lingo, it’s time to take the next big step—building your cash buyers list. If you’re working with a mentor, they can help guide you through this process and even introduce you to serious investors. Your goal here is to connect with people who have readily available funds and are ready to act fast when the right deal comes along.

Working with cash buyers gives you a huge advantage because these deals can close quickly, and you won’t have to worry about delays from banks or loan approvals. Fewer moving parts usually means fewer headaches.

You can also check out this quick video below that talks about how to find cash buyers online for free!

There are a lot of ways to start building your buyers list—but the key is knowing who you’re trying to reach. You’re looking for people who want to buy the rights to a property quickly, so they can either flip the deal or move it to an end buyer themselves. Keep that mindset in mind as you start networking.

One smart move is connecting with house flippers, who are always looking for discounted properties they can renovate and resell. You can also meet potential buyers at property auctions, where investors often scoop up foreclosures. Cold calling investors works too—but the more creative and consistent you are, the stronger your list will be.

5. Find Motivated Sellers & Distressed Properties

At this stage, you’re looking for people who are eager—sometimes desperate—to offload a property. These motivated sellers might be behind on taxes, facing foreclosure, or just stuck with a property they don’t want anymore.

Other times, the home might need major repairs the owner can’t afford, or they simply want to walk away from the hassle. In most cases, these sellers are willing to let go of the property fast—even if it means walking away without a profit—just to be done with it.

Dive into real estate wholesaling with confidence. Download our FREE Wholesaling Cold Calling Script!

Read Also: Finding Motivated Seller Leads: Free & Paid Tactics

When it comes to finding sellers and distressed properties, the internet is one of your most powerful tools. You can start by signing up for a foreclosure service that gives you access to local foreclosed properties, often including owner contact info so you can reach out directly.

It’s also a smart move to get MLS access (Multiple Listing Service), which delivers fresh listings every week. Don’t overlook platforms like Zillow or Redfin for spotting potential deals. Even Craigslist can turn up some surprisingly solid off-market properties.

6. Put Distressed Properties Under Contract

At this stage, you’ve done your homework on Nebraska’s real estate laws, picked up the lingo, and built a solid buyers list. You’ve also found a motivated seller who’s ready to work with you, so now it’s time to put the deal in writing and present a purchase offer.

Before locking in the contract, you need to think carefully about price. Your offer has to make sense for the seller, but it also needs to leave room for your cash buyer to profit—and for you to walk away with a solid assignment fee. So, how do you strike that balance? It all comes down to running your numbers right.

Start by calculating the property’s ARV, or “After Repair Value.” That means checking the sold prices of recently rehabbed properties in the area—also known as comps—and adjusting for differences so you have an accurate target value.

With your ARV in hand, plug that number into the MAO formula, which stands for Maximum Allowable Offer. This tells you the most you should offer the seller to leave room for your buyer’s profit and your own assignment fee.

Once you’ve run the numbers and you’re confident in your offer, it’s time to put the property under contract.

Watch this video to learn how to confidently fill out real estate contracts and secure your deal.

Here’s how to figure out your Maximum Allowable Offer (MAO):

Start with the After Repair Value (ARV), then subtract estimated renovation costs, holding expenses, and sales costs. After that, subtract the profit your cash buyer expects to make. If you’re wholesaling the deal, go one step further and subtract your wholesale fee. What you’re left with is your MAO—the highest price you should offer the seller while still keeping the deal profitable for everyone involved.

Once you’ve run the numbers and landed on a smart offer price, plug it into your purchase agreement and submit it to the seller. If you’re new to wholesaling, it’s a great idea to have a mentor or real estate attorney look over your contract the first few times to make sure everything’s buttoned up.

Read Also: Estimating Rehab Costs: (Ultimate) Investor's Guide

7. Assign The Contract To A Cash Buyer

After the purchase contract is signed, your next move is to assign that agreement to one of the investors on your cash buyers list.

This step involves using what’s called an assignment contract, which is a separate agreement that transfers your right to purchase the property to the end buyer.

In short, an assignment contract gives your buyer the legal right to step into your shoes and close on the property. Once the deal is finalized, the seller transfers the title directly to your buyer, not to you. At that point, your job is done, and your buyer can flip the house, rent it out, or sell it to someone else.

8. Close The Deal And Collect Your Assignment Fee

Congratulations, you’ve made it to the final step: closing the deal and getting paid for all your hard work.

This is where your cash buyer funds the transaction, and you officially earn your assignment fee. That fee is typically wired to you by the title company or closing attorney once everything is signed and the deal is finalized. Depending on the terms you negotiated, this could be a few thousand dollars or significantly more. Either way, it's your reward for connecting a motivated seller with a serious buyer and making the deal happen.

Make sure you stay in contact with both the buyer and the seller during this final stage. If any last-minute questions or issues pop up, being responsive and helpful can go a long way toward keeping the closing on track and building your reputation as a professional wholesaler.

9. Double Close Or Wholetail When Necessary

Sometimes, assigning a contract isn’t the best—or even a viable—option. In those cases, having an alternative exit strategy like a double close or wholetail can be a smart move.

With a double closing, you actually buy the property first and then sell it to your end buyer—usually on the same day. It’s two separate transactions, often handled back-to-back. This approach can be especially appealing when there’s a big spread between your purchase price and your resale price. In other words, you buy low and sell high—quickly. That said, you’ll need access to funding for the purchase and be ready to cover closing costs on both deals.

Then there’s wholetailing, which is sort of a hybrid between wholesaling and flipping. In this case, you buy a distressed property, make some light cosmetic improvements—think cleanup, paint, or landscaping—and then list it on the MLS. You’re not doing a full-blown renovation like a flipper would. Just enough to make it more marketable to investors or buyers looking for value.

Once it hits the MLS, the goal is to attract an end buyer who’s willing to pay a solid price. Wholetailing gives you more time than a traditional wholesale assignment and can result in a higher profit since the property is more appealing after your minor upgrades. It's a powerful strategy when used in the right market conditions.

*For in-depth training on real estate investing, Real Estate Skills offers extensive courses to get you ready to make your first investment! Attend our FREE Webinar Training and gain insider knowledge, expert strategies, and essential skills to make the most of every real estate opportunity that comes your way!

Is Wholesaling Real Estate Legal In Nebraska?

Yes. Wholesaling is legal in Nebraska as long as individuals comply with the existing regulations governing the process. Namely, wholesalers must be transparent and disclose that they are merely trying to sell their right to buy the property, not the property itself. Wholesalers are allowed to facilitate the assignment of contracts rather than engaging in conventional property transactions.

In Nebraska, however, there is a new law wholesalers must be aware of: LB892. Enacted in 2022, this legislation specifically addresses wholesaling and stipulates that “publicly marketing for sale an equitable interest in a contract for the purchase of real property between a property owner and a prospective purchaser” requires holding a valid real estate license, according to the Nebraska Real Estate Commission.

By strictly adhering to these laws and strategies, wholesalers operating in Nebraska can conduct their business in a legal and ethical manner. Aspiring wholesalers and real estate investors should prioritize familiarizing themselves with the legal requirements to ensure compliance and make the most of the opportunities that present themselves.

How Much Do Real Estate Wholesalers Make In Nebraska?

Once you get the hang of the process of wholesaling real estate, you’ll begin to see that the possibilities for earning potential are virtually limitless. When you consider that you stand to earn anywhere from $5000 - $10,000 per assignment fee, then you can easily figure out how to earn a desirable income with just a few transactions a month.

In truth, your earnings could potentially skyrocket to an enviable sum. Your income is directly contingent upon how many deals you close. So, let’s say you close on as little as one deal per month for around $10,000 profit - multiply that by 12 months, and you’re pocketing six figures annually! 

Do You Need A License To Wholesale Real Estate In Nebraska?

No. Wholesaling real estate in the state of Nebraska does not require you to have a real estate license as long as you are conducting business within the legal limits of Nebraska state laws.

This means you can sell the equitable rights of a property, but you cannot sell the real estate itself (the actual property) without a license.

Nebraska Real Estate License Requirements

Very often, wholesalers opt to obtain a real estate license to improve their performance, learn more about the industry, have more flexibility with properties, and ultimately earn more money. If you feel like a real estate license would benefit your endeavors, here are the Nebraska state requirements:

• Complete two state-approved training courses (30 hours each).
• Complete a 6-hour Professional Conduct & Ethical Practice course.
• Earn a Certificate of Completion of Education from a state-certified school. This confirms you have completed training as mandated by the Nebraska Real Estate Commission.
• Send in your completed application for your Nebraska real estate license.
• Nebraska requires a fingerprint-based background check for all real estate agents working in the state
• You will also need to submit a written statement if you have any misdemeanors, felonies, convictions or pending criminal charges.
• Lastly, you need to take the Nebraska real estate licensing exam and pass the exam with a grade of 75% or higher.

Read Also: Can A Realtor Wholesale Property?

 Is Wholesaling In Nebraska Easy?

Wholesaling can be extremely satisfying as well as very lucrative. However, it’s not easy. To become a successful real estate wholesaler in Nebraska, you’ve got to put in the time, energy, and research. You’ve also got to build your strategy, be organized, and be diligent.

While earning your stripes in the real estate wholesale game can be challenging, it can be much easier when you partner with a mentor or a coach. The right tutor can make all the difference in your success. Additionally, you can gain a superior advantage over others in the industry when you get comprehensive training.

The Pro Wholesaler VIP Program is designed for the modern entrepreneur to learn the basics and how to help new real estate wholesalers avoid the pitfalls typically found by beginners. It is 100% online and is used for local and virtual real estate wholesaling.

When you take advantage of our all-inclusive program, you are setting yourself up for success. This is because our VIPs have access to step-by-step training and guidance on best practices, and you even get to be a part of a national community with veteran real estate pros who can help you accelerate your wholesaling career.

Final Thoughts On Wholesaling In Nebraska

If you’re interested in entering the real estate industry, wholesaling is one of the best ways to start. Wholesaling real estate in Nebraska poses a shallow learning curve; it can be done remotely from your home office and is the quickest way to make money in real estate.

If you are a go-getter, good with people, enjoy being your own boss, and have the determination to earn money, then wholesaling in Nebraska could be your ideal business. Check out our brand new free training on how we help investors all across the country, wholesale and flip houses from the MLS using only a laptop and a cell phone.

Ready to Take the Next Step in Real Estate Investing? Join our FREE live webinar and discover the proven strategies to build lasting wealth through real estate.

Whether you're just getting started or ready to scale, we'll show you how to take action today. Don't miss this opportunity to learn the insider tips and tools that have helped thousands of investors succeed! Seats are limited—Reserve Your Spot Now!

*Disclosure: Real Estate Skills is not a law firm, and the information contained here does not constitute legal advice. You should consult with an attorney before making any legal conclusions. The information presented here is educational in nature. All investments involve risks, and the past performance of an investment, industry, sector, and/or market does not guarantee future returns or results. Investors are responsible for any investment decision they make. Such decisions should be based on an evaluation of their financial situation, investment objectives, risk tolerance, and liquidity needs.