Articles For Aspiring & Active Real Estate Investors
Real estate wholesaling is an investment technique in which a real estate investor enters into a legally enforceable contract to buy a home but then sells their right to purchase the property, in accordance with the terms denoted within the contract and the legal concept known as the Doctrine of Equitable Conversion, which is defined as:
Source: Law Shelf
The law determines that the ‘equitable title’ has changed owners when the contract has been signed, with the legal title remaining until the deed is transferred. This is because the time that exists between two critical events:
It is a time when the property’s ownership has hit a bit of a gray-legal area, during which the property exists in a state of limbo between– the seller and the buyer. This is because – during this specific time, the seller has possession (and use) of the...
Wholesaling real estate is a smart way to get your feet wet in the world of Kansas real estate investing. However, like any new business venture, an entrepreneur or investor must be aware of the investment technique’s benefits, as well as those issues to avoid!
The real estate wholesaling business is simply a technique in which – the real estate wholesaler executes a contract of sale with a seller but then seeks to assign the rights and obligations delineated within this real estate contract to another buyer – an end or cash buyer by executing an assignment of contract. Wholesalers typically find prudent wholesale properties from motivated sellers – those with a strong personal/financial need to sell the property pronto below market value!
The art of real estate wholesaling is often characterized as the actions of a middleman, but one of the best ways for individuals to break into real estate investing in Kansas because it does not require...
Real estate wholesalers employ an investment strategy in which they enter a purchase contract as a buyer but then seek to find another buyer – an end buyer to which they can then assign their rights (known as equitable interest) provided under the original contract with the use of an assignment of contract. Because successful real estate investors who use this strategy may have several properties working simultaneously, they are referred to as 'wholesalers.'
Real estate wholesaling differs from the more well-known real estate investment strategy of house-flipping. The difference lies in the fact that many real estate wholesalers can turn a profit without ever taking title to the property, which effectively reduces potential risks (and significant liabilities) created by the tasks required to fix up a property – even if the renovations are somewhat insignificant.
Often real estate wholesaling professionals will enter a contract that is assignable (as defined by the...
Wholesaling is simply a real estate investing technique that allows an investor to turn a profit by entering into a 'contract of sale' to buy real estate. This process requires an earnest money down-payment held in escrow. Once in contract, the buyer can then sell their right to purchase (known as equitable conversion) to an end buyer for a profit.
Often, the primary objective of a wholesaler is to enter in a purchase contract for real property, with a purchase price that is below market value – which may include a home in foreclosure or disarray.
When wholesaling real estate, the asset being sold is the buyer's contractual rights rather than the property itself.
While real estate as a wholesaling business is legal and offers a smart real estate investing technique to earn significant profits, the wholesale deal must be executed carefully with due diligence that weighs legalities appropriately and the anticipated outcomes.
Being a successful wholesaler in the real estate market requires the perfect mix of patience and aggression.
In the age of the internet, you’d think the only way to expand your network is through e-mail marketing, podcasts, social media advertisements, Youtube videos, and phone calls.
Although those are all good networking tactics, I’m here to tell you about the unspoken method that can bring your wholesaling real estate business or side hustle to the next level.
Real estate postcards. Yes, it’s plain and simple.
By planting the seeds of success in the form of weekly or even daily postcards, your patience will pay off in the form of seller leads, contacts, investment opportunities, and off-market deals. And, when those opportunities present themselves, the successful investor will flip the script on a dime and aggressively attack.
This simple - yet lucrative - tactic of patience mixed with aggression can make you tons of money.
Enjoy Real Estate Wholesaling...
The real estate investing business attracts entrepreneurs far and wide because of its proven paths to generate wealth. Wholesaling real estate is an appealing strategy that many decide to take on because of its speed and simplicity in earning quick profits.
As a real estate wholesaler, the primary money-making tools in your business will be wholesale real estate contracts.
These contracts, as well as wholesaling in general, may seem intimidating at first but don’t you worry! We will give you all the insight you need to be successful in this business.
Whether you're a real estate investor buying deals from a wholesaler or a wholesaler selling contracts, it'll be beneficial to get familiar with what these wholesale real estate contracts are and what they do.
We hope you enjoy Wholesale Real Estate Contract: The Ultimate Guide! Use this menu to jump to the section of your choice:
Ever since the pandemic broke out and full-time life behind the Zoom screen became a reality, investors - professional and amateur alike - have been seeking out ways to make a little extra cash with their spare time.
Perhaps you are looking to ditch the 9-5 mentality we’ve grown up to believe in. Perhaps you are looking to scrape out a couple of extra bucks to make ends meet and help weather the Covid storm. Or, maybe you are just looking to tap into a new industry and make a nice return while contemplating your next professional move.
Regardless of your intentions, one of the ultimate side hustles out there you need to consider is within the real estate market.
Interested in learning more about real estate side hustles? Here's what you'll learn:
Georgia is considered one of the primary economic hubs of the southern United States.
Centrally located between Florida, the Carolinas, and the Atlantic Ocean, the state is home to Atlanta, a modern, dynamic metro area that is Georgia’s capital and home to six million people.
According to World Population Review, the state also has the distinction of being the largest east of the Mississippi River and boasts a healthy homeownership rate of 63.3%
This means the housing market in Georgia remains strong, with lots of transactional opportunities for people considering a real estate career.
Many opt for a traditional career path, but others are also intrigued by the possibility of wholesaling real estate in Georgia as a viable alternative.
Real estate investing is an exciting financial strategy for so many because it is a timeless and proven way to generate wealth in any economy. A 2021 PWC real estate study highlighted this confidence in the market, citing that almost 35% of current investors feel confident making long-term and strategic real estate decisions even in this uncertain environment.
So it is no surprise that many seek opportunities to dive into the world of real estate investing and learn as quickly as they can. Real estate investments can be incredibly exciting and overwhelming at the same time, particularly for new investors trying to break into the industry.
Becoming a real estate bird dog is one strategy used by novice investors to learn their local markets while making money relatively quickly and easily compared to other investing strategies.
Many real estate wholesalers start out as bird dogs and progress into owning their own profitable wholesaling investing businesses as they gain skills,...
According to the U.S. Census, nearly 31 million people moved in 2019. While not all are homeowners, at least one-third of those individuals were buying and selling their homes.
Additionally, the National Association of Realtors states that the main motivation for the people who sold their homes was due to proximity to friends and family (16%), small spacing (13%), and job relocation (11%).
With the number of people constantly moving around, finding a property for sale is the easy part. Identifying properties with motivated sellers is where you want to focus your efforts as a real estate investor in order to find incredible deals.
You're in luck because we are here to help you find truly life-changing real estate opportunities with this guide, Motivated Sellers: How To Find and Negotiate With Them. (Use this menu to jump to your section of choice:)