The Real Estate Skills Blog

It’s possible to make good money in the real estate industry through wholesaling houses. Some real estate gurus teach wholesaling as a way get wealthy without capital. Generally, real estate wholesaling can be a great business. However, it’s not easy and it requires investment of time and effort.

What is Wholesaling Houses?

Wholesaling is selling merchandise or goods to retailers as well as industrial, institutional, commercial and professional business users. It can also involve selling merchandise or goods to other wholesalers and subordinated services. Essentially, wholesaling entails selling goods to buyers that are not standard consumers.

Wholesaling houses happens when one party enters a contract with a person selling a home to market their property to potential buyers then assigns the contract to another entity. The profit made by the wholesaler is the difference between the price contracted with the original seller and the amount the buyer pays. When...

Hey Real Estate Skills Community!  Here's my podcast interview from the Real Estate Time Freedom Show by Investor Fuse.  I share a ton of real estate golden nuggets like how to wholesale & flip houses on the MLS (Multiple Listing Service)!  I also go deep into what makes a Pro Wholesaler versus an Amateur Wholesaler.  Enjoy & come learn the best ways to get started in real estate!

Here's a transcription of the video above:

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Carlos Zamora:              Awesome. Live now with new friend Alex Martinez. Thank you guys for checking out the Real Estate Time Freedom Show today by Investor Fuse, April 18th already. Alex Martinez is joining us. He is the Founder and CEO of www.realestateskills.com, a real estate education company providing coaching tools and resources to start a successful real estate business or career. He got started investing about eight...

In real estate investing & wholesaling, having an up-to-date & legit proof of funds letter is a necessity! If you do not have this, then you are investing like an amateur! Every single wholesale and fix & flip deal I’ve ever completed have all had a Proof of Funds attached along with my offer. Having a Proof of Funds on each & every offer will significantly improve your chances of getting & closing the real estate deal! In this article, we’ll go over what exactly is a proof of funds letter for real estate, why you need it, and how to get it!

What Is A Proof of Funds Letter In Real Estate?

A Proof of Funds Letter (POF) is a letter, bank statement, PDF, screenshot, or other document showing that a person or company has the financial ability to close a real estate transaction. Essentially, it’s your “PROOF” that you can close the real estate deal.

I want you to think of the Proof of Funds like “the Golden Ticket,” because...

What Is Wholesale Real Estate Investing?

Wholesaling is when you find a property, get it under contract with the owner, and then sell the rights of that contract to another investor who wants to renovate the property. With Wholesale Real Estate Investing, the goal is to always create what I call “Win-Win-Win Scenarios." Get ready because we're about to take a deep dive into how wholesaling real estate works!

How To Create Win-Win-Win Scenarios When Wholesaling Real Estate?

You create a win for the seller of the property because you are getting them out of a sticky situation. For example, the seller can be facing foreclosure and need to sell their home quickly to avoid ruining their credit for years. Maybe the property is owned in a trust with 6 different owners, and instead of putting the property on the market and evaluating 20 different offers, they may just want to work with you, with no commissions involved.

You also create a win for the real estate investor...

In this video, a Pro Wholesaler Student came into the office and I taught him about wholesale real estate investing.  In this article, I will recap the 3 TIPS I covered with Mike so that you can learn how to start wholesaling real estate sooner rather than later!

3 Tips On How To Get Started Wholesaling Real Estate

1. Get Access To The MLS

2. Attend Real Estate Investors Association Meetings (REIAs)

3. Only FOCUS on 1-2 Marketing Strategies (NOT 5-10 Strategies)

Tip #1 - Getting Access To The MLS

First off, what we talked about was getting MLS access. What's MLS access? It's the Multiple Listing Service. It's a database of all leads on the market in your area. It’s very important as a real estate investor, and as a wholesaler, to get access to this because, if you get access to this, you have access to all the leads on the market! Now, on the MLS there are houses that are for sale that have been renovated… These aren't really good leads to fix &...

Once your wholesale real estate business starts to bring in more deals, doing all the work alone will be increasingly difficult. Since sealing each wholesale deal entails completing many tasks, you’ll have to wear different hats. However, some tasks can be very challenging while others will be more mundane. Once work starts pilling up after sealing a few deals, you will find it important to build a wholesale real estate. Doing so will relieve you some workload while allowing you time to build and grow the wholesale real estate business.

Wholesale Real Estate Team Analogy: Investing and Football

Look at your wholesale real estate business as a football team. While growing your wholesaling company, you have to bring the best players and coaches into the team.

The first season entails playing all positions in the team including the position of the owner, head coach, and the general manager. This will help you to develop more skills and get you more involved. However, you...

Edgar has already completed his first wholesale real estate deal since joining the Pro Wholesaler Membership!

Here's his review & testimonial of the Pro Wholesaler Program:

Dear future Pro Wholesalers, my name's Edgar Espinosa, I am 21 years old, and I live in Atlanta, Georgia. Before I get started, I want to thank Alex for giving me the opportunity to be in his Pro Wholesaler program. It has honestly changed my life completely. Alex has got me farther than I thought I could get to. I would not be where I am right now, if it wasn't for him. He has pushed me to achieve many of my goals, and as well as keeping my head strong.

At the beginning of the course, Alex's goal was to make sure that we knew where we wanted to be at in the future. Basically, to know our why. He provides us with a lot of tools, with a lot of resources, to help us find our why basically, our goal. Every piece of information that he provides us with, it is well said, very clear, for us to understand, and it...

Real Estate Skills went LIVE recently with Alex Martinez & Stan Gendlin to discuss How To Invest In Real Estate With No Money!  Alex & Stan have bought, wholesaled, and fixed & flipped more than $90M in Real Estate since 2012.

The best real estate investing businesses use “Other People’s Money” & creative financing strategies to grow & scale their businesses which are covered in this discussion. 

In this LIVE discussion, you will learn:

• How to invest in real estate without using your own money and without having any credit (or having bad credit)
• What Hard Money Lenders are and how to find them
• What Private Money Lenders are and how to find them
• What JV Capital Partners & Equity Partners are
• What Seller Financing is
• What a non-recourse loan is and why you want all of your loans to be non-recourse
• How Alex & Stan borrowed capital for their first fix & flip deals so that they could do deals without using...

Come see Stan Gendlin & Alex Martinez discuss Wholesaling vs. Flipping Houses!  Alex & Stan will go over the Pros & Cons of Wholesaling vs. Fixing & Flipping Houses so you can roll into 2019 with a head start!

Also discussed in this video:

• The Current State of the 2019 Real Estate Market
• Pros & Cons of Wholesaling Houses
• Pros & Cons of Fixing & Flipping Houses
• How Stan was able to go from making a minimum wage to now having a home overlooking Central Park in New York
• The most common obstacles for beginner Real Estate Investors & how to overcome those obstacles
• How to get the most out of any REIA (Real Estate Investing Association) Meeting
• How to find Cash Buyers in your area

In case you like to read, here's a transcription of the video:

Alex: Three, two, one. We should be live now. What's up, guys? It's Alex Martinez with Real Estate Skills and today I got Stan Gendlin. I'm over here in San Diego. Stan's over there on the East...

Abel Thomsen is a Real Estate Professional, Investor & Wholesaler who joined the Pro Wholesaler Membership & Program. 

Abel Thomsen goes into his thoughts & review of the Pro Wholesaler Program & covers:

• What he thinks about the Pro Wholesaler Community
• How the Pro Wholesaler Program System has taught him to be on the “Offense” in real estate investing & wholesaling rather than the “Defense”
• How the Pro Wholesaler Membership & Community has changed his outlook on wholesale real estate investing
• What the Pro Wholesaler System & Membership offers for anyone who joins
• What resonated with him the most from the most from the Pro Wholesaler Program

Here is what Abel Thomsen has to say:

My name is Abel Thompson and being part of the Pro Wholesaler Membership & Community really has changed my life in many more ways than one. This is the first system that I've learned and been a part of that's...