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Wholesaling Real Estate - 15 Benefits

wholesaling Dec 05, 2017

Getting started in real estate investing by wholesaling is generally easier than starting with other investing strategies.

I was fortunate enough to get into real estate investing at the ripe age of 20 years old. Within 45 days, I completed my first wholesale, which profited $22,000. The best part was that it only took 8 hours of work. So, at age 20, I learned how to make $2,750 per hour!  You may be wondering, “What exactly is Wholesaling?”

Wholesaling real estate is the practice of acquiring properties at discounted prices and reselling them for profit. A real estate wholesaler enters a contract with a property seller, markets it to potential buyers, and assigns the contract to the most appropriate buyer. The profit that the wholesaler makes is the difference between the price that is paid by the buyer and the contracted price. Nevertheless, the wholesaler must sell the property before their contract with the original property seller closes. Essentially, real...

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