Undoubtedly, choosing to join the often-profitable real estate investing world by learning to wholesale is a great entry investment strategy for new or even seasoned investors. For those who would like to enter the market well-prepared, there are many in-person and online courses from which to choose.
So, how can you determine which of the various best wholesale real estate course options is the right fit for you? The answer to this insightful question follows in the narrative below.
Real estate wholesaling is simply an investment or business strategy that has caught the attention of investors lately for several reasons.
As a wholesaler, your objective is to find distressed properties (for example, a foreclosure) that are priced below market value. Your investment strategy will help you determine the price you wish to pay. If the seller agrees, you are given a set amount of time to meet the terms of the contract.
As a middleman or an intermediary, a real estate wholesaler contracts with one of many motivated sellers. The reduced home price may be because the homeowner is in financial trouble or just wants out for other personal reasons. The wholesaler (who is now a legally contracted buyer) is awarded, and this is important – Equitable Interest in the subject property.
Equitable interest is the only asset that can be sold by a wholesaler. This is because it is the only asset that can be sold without a real estate license.
A wholesaler’s objective is to locate another end buyer (usually a cash buyer) and legally transfer the “equitable interest or right to buy the property” at a specified price to another end buyer – for a negotiated assignment fee.
The legal instrument that can be used in this instance is an Assignment of Contract.
Alternatively, a wholesaler can close a wholesale deal using the Double Close method. This involves two closings (usually back-to-back) and additional fees in terms of dual closings costs.
But, the Double Close offers additional protection as, when selling, the wholesaler is truly the owner and needs no license.
In this closing strategy, the wholesaler’s gross profit would be the price differential between the first wholesale contract and the second purchase contract.
Related: Download FREE Wholesale Real Estate Contracts (PDF)
With more than a few options from which to choose, it is important to understand the question, "What makes a wholesale course better than its competitors?"
In other words, how do you determine which of the available options is most suitable for your objectives and learning style?
A quality wholesale real estate course will have, at the very minimum -
Wholesaling real estate, from a purely theoretical perspective, is a matter of several key steps. At its most basic level, wholesaling requires you to learn the right way to –
While the above description seems a bit simplistic, the right real estate course must be able to break down the intricacies (between those defined steps noted above) that you must master to complete a wholesale real estate deal.
The preferred real estate course will offer step-by-step guidance in these areas -
Upon completing a quality wholesaling course, a student will have the knowledge to know where and how to start the wholesale business and how, over time, these skills can be used to build a viable profit-generating business.
If the wholesale real estate course is offered systematically, with clear learning objectives and objectively measured outcomes, it is likely to meet your needs as a student of real estate wholesaling. The good news is that once you have mastered the wholesaling basics, this strategy can be used (or partially modified) across property and investment types.
Additionally, the best wholesale real estate course options are delivered in more than one format (digital or in-person) by highly qualified instructors with real-world experience. Online classes offer great convenience, while in-person classes are a good choice for certain types of learners.
While quality learning is and should be the objective of any real estate wholesaling course, it is important to determine if the wholesale course or program you are interested in meets the basic tenets of content quality –
If the course doesn’t mention some of the wholesale real estate industry's current trends, you might want to look elsewhere.
For example, a red-hot debate in real estate is primarily focused on wholesalers. Certain jurisdictions have begun to pass laws regarding real estate wholesaling -
Illinois, Philadelphia, Pennsylvania, and the latest – Oklahoma, which became effective November 1, 2021.
Although not prohibited, Michigan’s Occupational Code 339.22319 limits wholesalers –
In addition to academic features and content quality, the best wholesale real estate course will provide continued support and industry guidance, as follows-
Networking is an essential business component and usually an essential part of a wholesale real estate course – whether it is delivered online or in person. Wholesaling programs provide a genuine opportunity to meet like-minded wholesalers and investors – who have varying levels of experience and investment objectives.
Establishing working and professional relationships with other wholesalers, agents, and other real estate professional players - creates a future of trusted business associates and colleagues.
History has taught that the art of mentoring is often transformative for those participating. A mentor and mentee relationship is a working alliance with a trusted professional that offers both career guidance, role modeling, sponsorship as well as psychosocial support functions. Mentors offer valuable insight through a collaborative learning approach.
Mentorships with other established real estate professionals often lead to lifelong relationships that have a tendency to change and grow over time but are often a great solution for an experienced wholesaler, one with many questions, as they begin to establish their career as a professional real estate wholesaler.
Read Also: Wholesale Real Estate Mentor: (ULTIMATE) Guide
Another great feature that is offered by only a few of the best wholesale real estate courses is the access and help of experienced investors – those with a trained eye for detail. These professionals can help review your wholesale property in real-time to determine its viability and help you build confidence in your own abilities.
Access to authentic stories of other students who are now successfully wholesaling properties is quite helpful for those just starting out.
Case studies offer those interested, an opportunity to learn how a winning deal should be and should not be executed. Success stories show the transformation that is possible by applying the learned skills.
With so many learning styles and varying professional objectives, it is important for students of wholesaling (from beginner to advanced) to select a wholesale real estate course that is designed to meet their learning needs.
The best wholesale real estate course of 2022 for entrepreneurs and those with varying levels of experience is The Pro Wholesaler VIP Program by Real Estate Skills.
The Pro Wholesaler Program is world-class and is not only an immersive-driven teaching platform, but it is also designed to offer a fast-paced, engaging, supported, and convenient way to learn how to start turning a profit as a real estate wholesaler.
For a real estate wholesale program to work efficiently and effectively - like Real Estate Skills’ Pro Wholesaler VIP Program, the curriculum must include these proven techniques and effective tools -battle-tested over time –
The Real Estate Skills Pro Wholesaler VIP Program has been designed specifically to optimize the advantages and benefits now available for the modern real estate investor or entrepreneur. In other words, this incredibly popular course is available on the company’s hi-tech, online learning platform – accessible from anywhere with the internet.
This real estate wholesaler program from Real Estate Skills offers the training to help you hit the ground running in the market of your choice – be it a city, a suburban location, or a variety of locations.
The creators of the Pro Wholesaler Program have virtually wholesaled properties across more than a dozen states and have incorporated those fundamentals into their extensive training.
While it would appear that a Real Estate Wholesaling Program would seem to describe the same thing as a Real Estate Wholesaling Course, there are several rather important differences between the two. Most other online real estate courses only provide members with written content or visual media, however, there’s hardly any connection to the real life industry.
The Real Estate Wholesaling Program, like the Pro Wholesaler VIP Program, offers entrepreneurs and investors a quality curriculum, expert mentorship, community, and ongoing support during and after you complete the program -
Yes, a beginner can learn to wholesale real estate. Every multi-millionaire investor starts their journey as a complete beginner.
Speed is a basic principle of the real estate wholesale trade. The time it takes to learn can be equally fast. If there are variances in how long it takes to complete your first wholesale deal, it is more likely due to the student’s learning style, their ability to traverse the learning curve, or the time they have available to commit to the learning process.
The following is a partial offering of the learning outcomes the Pro Wholesaler VIP Program provides -
One of the more valuable derivatives of the internet’s invention was that it provided the technology that allows easier access to education options – and pretty much everything else.
There are now online educational offerings – including wholesale real estate courses that are offered at no charge. Well, except if you discount the value of your time, especially if the time and effort are unsuccessful.
These no-cost programs can be solid options if you already have some investment, real estate, and legal experience. They may work if you have the confidence (and nerve) to find the information and understand what constitutes a misstep that may have a legal consequence.
A free program in wholesaling is a great idea for those who want to try their hand at wholesaling and see if the subject matter is a good fit. To boot, they are risk-free, without an upfront cost to try the program.
Choosing to become an investor by learning to wholesale real estate is a great entry strategy. It is a smart investment technique for those who, at present, cannot devote a full-time effort due to other obligations.
The Real Estate Skills Pro Wholesaler Program is world-class and designed for the modern investor with fast-paced, engaging content – all supported by a community of experts and genuine investment professionals, not your typical “wholesaling gurus”.
Check it out for yourself with our free online training to see why thousands of new and experienced real estate entrepreneurs are learning to wholesale and flip houses successfully with Real Estate Skills!
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