Real Estate Blog

Real estate wholesaling has recently experienced overwhelming increases in popularity as an investing technique, which resembles the method for flipping houses, but without the money typically required to complete the wholesale deal. With its rise in recognition, critics have begun to voice their objections – asserting that a real estate wholesaler is somehow circumventing license law and acting like a real estate salesperson or broker but doing so as an unlicensed professional.

The reality is basic wholesaling principles are evident in every market sector - in supermarkets, banking, and the neighborhood kid’s lemonade stand – as it is simply the principle of investing for value with the intent to sell for a profit. These decriers fail to recognize the fact that a wholesaler of a real estate investment property is not selling real estate but their beneficial interest as a legitimate purchaser of real property detailed in a contract of a real estate transaction.

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The real estate wholesaling business simply refers to an investment technique.  A real estate wholesaler or investor enters into a purchase agreement (or contract of sale) that establishes for the buyer/wholesaler certain rights/obligations under the Doctrine of Equitable Interest or Equitable Conversion, but then chooses to sell these established rights to someone else, an end buyer, before the sale closes.

The difference between the original sale price for the investment property and the higher price paid by another buyer, often a cash buyer, is the earned assignment fee.

In other words, the buyer takes ‘equitable title’ or becomes the ‘equitable owner’ when the contract is fully executed. The time referenced in this regard is defined as the time between these two homebuying events -

1. The execution of a contract of sale for real property, when earnest money is given pending a closing.
2. The delivery of the deed and marketable title to the buyer upon...

Meet Joseph Reyes - He's a Pro Wholesaler & Real Estate Investor located in Orlando, Florida!

Joseph enrolled in the Pro Wholesaler VIP Program to get the exact blueprint for how to wholesale on-market houses. He got that exactly and has successfully implemented our MLS Offer System into his existing wholesaling business.

Come hear how Joseph wholesaled his first on-market house from the MLS for $3,500 and how he's now ramping up his business through hiring Acquisition Associates!

Hope you enjoy Joseph's review of the Pro Wholesaler VIP Program!

Want to learn more about the Pro Wholesaler VIP Program? For more info, schedule a free Strategy Session Call with my team & I to see if it's the right fit for you.

--- Video Transcription of Joseph's Pro Wholesaler VIP Program Review ---

Joseph (00:10):

Hey, how's it going? Joseph here wholesaling in the Orlando, Florida market. I just want to give my feedback on this program overall. It's not going to be the most...

Located in the heart of the Pacific Northwest, Idaho is a state full of natural beauty. Wildlife, abundant lakes and streams, sweeping mountain landscapes, and vast areas of protected wilderness and recreation areas make the Gem State a desirable place to live and raise a family. 

Although only about 1.8 million people make their homes in Idaho, there are still plenty of opportunities to wholesale real estate.  Flipping houses is legal in Idaho as long as a wholesaler complies with Idaho real estate laws. 

That's why, if you're considering flipping properties in Idaho, you must understand state real estate laws as well as having a good understanding of resources and an overview of the real estate market.

• What Do You Need To Know About Wholesaling Houses In Idaho?
• Is Wholesaling Real Estate Legal In Idaho?
• What Are The Wholesaling Laws In Idaho?
• Do You Need A License To Wholesale Real Estate In Idaho?
• Final Thoughts

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Meet Randall - He's a Swimming World Champ, Former World Record Holder, and a member of our Pro Wholesaler VIP Program from Northern California!

Before enrolling in our program, Randall was initially overloaded with listening to podcasts and videos. Randall thought he had to do everything. Wasting time, money, and energy going through bandit signs, lead gen services, and other traditional marketing strategies trying to pin down real estate contracts.

Hear from World Champ, Randall Bal, on how the Pro Wholesaler VIP Program lives up to his standards, why he enrolled in the program, and how happy he is to move forward with the right training & coaching!

--- Pro Wholesaler VIP Program Reviews Transcription ---

Randall (00:02):

My name is Randall. I'm out of Northern California, and I wanted to create this short video to provide a brief testimonial to Alex, Ryan, and the Real Estate Skills Team to just highlight my experience with the Pro Wholesaler VIP 3.0 Program.

I guess just to...

Meet Morgan - He's a member of our Pro Wholesaler VIP Program and wholesaled his first house for $26k in the Kansas City area!

Morgan didn't know much about real estate investing before getting started with us.  He just followed our program to the tee and got results!

Hear what Morgan has to say on becoming a Pro Wholesaler & how he made his first wholesale deal happen in this review!

--- Pro Wholesaler VIP Program Reviews Transcription ---

Morgan (00:01):

Hey, Pro Wholesalers. Hope you're doing great. My name is Morgan Greer & I'm wholesaling real estate in Kansas. And just a few weeks back, I was able to close my first wholesale deal and it was a pretty big one!

It went for a $26,000 wholesale fee, which I was just shocked and floored by and really encouraged by. And one of the things I really appreciate about the Pro Wholesaler VIP Program is their encouragement to build relationships with your cash buyers.

This deal actually came from the end buyer...

Real Estate Wholesalers are investors who employ a technique in which they sign a purchase agreement (with the inclusion of an earnest money deposit) as the buyer. But then the wholesaler finds another party (often referred to as the end buyer) to purchase the real property (rental property, or otherwise) for a higher price – to wit, the profit earned as a middleman. 

Wholesale houses purchased by real estate wholesalers tend to be below market value and offered by motivated sellers and those facing financial distress and uncertainty, like with the circumstances created by a pending foreclosure.

When investing in wholesale properties, the contract’s buyer receives this transferable right by way of the contract through the Principle of Equitable Conversion or Equitable Interest.

Source

Because real estate investors may work several of these real estate transactions at once, they are referred to as 'wholesalers.'

Real estate wholesaling is similar to the fix and flip...

Here’s a clip from a recent Q&A Coaching Call for our Pro Wholesaler VIP Program where one of our students, Stevie, turned one potential wholesale deal into 200 by asking a simple question!

Come learn how one question, when asked the right way, can turn one deal into 200 when it comes to wholesaling houses from the MLS!

At Real Estate Skills, we help real estate investors to build hyper-profitable wholesaling & flipping businesses across the United States.

Every member in our program gets Lifetime Access to coaching every single week where we cover different topics & conduct: Deal Reviews, Comparable Property Reviews, Help our Students Find Cash Buyers & Build Key Relationships, Negotiation tactics, and even how to train & hire Acquisition Associates in order to scale & grow your wholesaling business!

Want to learn more about the Pro Wholesaler VIP Program? For more info, schedule a free Strategy Session Call with my team & I to see if it's the...

Stevie's an awesome member of our Pro Wholesaler VIP Program and she has been consistently wholesaling houses from utilizing our MLS Offer System.

Stevie came into the program as a licensed realtor who wanted to be able to make more money while doing less work. This led Stevie to enroll in our program and become a Pro Wholesaler so that she could make her dreams & goals happen rapidly.

Now Stevie doesn't have to wait 6 months for a realtor commission check, she doesn't have to drive buyer's around, or represent seller's in order to get paid.

From enrolling in the Pro Wholesaler VIP Program, Stevie now knows how to wholesale houses each & every month from the MLS which beats the amount of money she was making as a realtor!

Hear how Stevie has been wholesaling multiple houses from the MLS and her review of the Pro Wholesaler VIP Program by RealEstateSkills.com!

--- Pro Wholesaler VIP Program Reviews Transcription ---

Stevie Bell (00:02):

Hi everyone. I'm Stevie...

Real estate wholesaling is an investment technique in which the investor enters into a purchase contract to buy real property (which could be residential or commercial) that is typically priced below market value, typically due to the motivations of property owners, like an impending foreclosure, etc.

A wholesaler, effectively acting as a middleman, finds another buyer (usually from a curated or established potential buyers list). The final buyer is usually referred to as the end buyer who is legally assigned the right to purchase the property in question at a typically higher price than the original purchase price. The difference in sale prices is the wholesaler’s gross profit. 

The legal concept that permits a real estate wholesale deal to move forward within legal boundaries is better known in legal circles as the Doctrine of Equitable Conversion, which delineates the difference between legal & equitable owners -

Source – RealEstateDefinition.com

The...