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Articles For Aspiring Real Estate Investors

What Is Co-Wholesaling & How To Do It?

Co-wholesaling is a relatively new strategy in the real estate industry, yet it has been quietly gaining increased attention.

This strategy may seem like the perfect and ultimate model for hitting your financial goals all while enjoying the investment journey.

You already know that wholesaling is a great way to venture into real estate as an investor without a lot of cash in your hands.

This emerging co-wholesaling strategy provides a way to make this path even easier and more attainable than venturing out and doing it on your own.

Though, just like most other strategies in real estate, there are things you need to know beneath the surface about this attractive business model.

 

What is Co-Wholesaling?

To understand this concept, you need to first understand what wholesaling is.

Real estate wholesalers look for discounted or undervalued properties and flip them for a profit without doing any renovations.

Essentially, wholesalers sell a property in “as-is” condition....

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From Working Uber To Wholesaling Houses! - Pro Wholesaler Student Interview - Joe Lechert

Check out the latest interview with Pro Wholesaler Student, Joe Lechert! 

Joe joined the Pro Wholesaler Program about three weeks ago and has already gotten his first wholesale deals under contract. Joe has 2 wholesale deals he plans on closing in October that will bring in $10,000 each for a total profit of $20,000.

Come learn how Joe went from knowing NOTHING about real estate to wholesaling his first real estate deals!

In this interview we cover:

- How Joe has gone from working Uber, Lyft, and driving for Amazon to Wholesaling Houses.

- How Joe was able to find his first wholesale deals and get them under contract.

- How Joe is getting one wholesale real estate deal under contract for every 6 to 7 offers he sends!

- How Joe was able to find cash buyers for his wholesale real estate deals.

- How Joe is anticipating to make $20,000 total from wholesaling two houses for $10,000 each.

- How Joe was able to go from having ZERO real estate experience and work on...

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What Is An Assignment Of Contract In Real Estate?

contracts wholesaling Sep 12, 2019

An assignment of contract is when one party (the “assignor”) has a contract to which they have certain obligations, and transfers those contractual obligations to another party (known as the “assignee”).

In real estate, assigning contracts is an effective strategy to achieve an extremely high return on investment (ROI) for as little capital and risk as possible.

Click below and jump to your section of choice on the assignment of contract:

1. What Is An Assignment In Real Estate?
2. Is It Legal?
3. Why Use A Real Estate Assignment Contract?
4. What Is An Assignment Fee?
5. Who Buys Real Estate Contracts?
6. How To Assign A Contract?
7. How Do Wholesalers Get Paid?
8. The Real Estate Assignment Clause
9. What Is A Real Estate Assignment Contract?
10. Assignment of Contract Form
11. Assignment of Contract vs. Double Closing
12. Common Misconceptions
13. Final Thoughts

What Is An Assignment In Real Estate?

An assignment of contract in real estate is when...

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What Is Transactional Funding? The Ultimate Guide For Real Estate Investors

Have you ever wanted to get started in Real Estate but felt like you didn’t have the funds to get your foot in the door?

Have you ever wished there was a way to use other people's money to get your first deal?

In this guide, we will go in-depth on what exactly Transactional Funding is, how it works, how to find these lenders, and how you can benefit from it as a real estate investor & wholesaler.

Here's what we'll cover in The Ultimate Guide For Transactional Funding:

1. What Is Transactional Funding In Real Estate?
2. Who Uses Transactional Funding?
3. 5 Benefits of Using Transactional Funding As An Investor
4. How Does Transactional Funding Work For Wholesalers (Step-by-Step)?
5. Transactional Funding & Double Closing Example
6. How Much Does Transactional Funding Cost?
7. How To Find Transactional Funding Lenders?
8. Can I Use Transactional Funding For An Earnest Money Deposit [EMD]?
9. Alternatives For Transactional Funding?

What Is Transactional...

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How Kriss Made $5,000 From Her First Wholesale Real Estate Deal! (Interview)

Kriss (Pro Wholesaler Student) recently flipped her first wholesale real estate deal and made $5,000 while spending $0 on marketing!

See how Kriss got her start Wholesaling Houses!

What we also cover in the interview:

  • How Kriss made $5,000 on her first wholesale deal!
  • How Kriss found the cash buyer for her wholesale deal from facebook
  • How “Wholesaling” is new in her area
  • How Kriss isn’t afraid to take action & loves any competition ("Winner & Finisher" Mindset)
  • How Kriss has been utilizing REIA (Real Estate Investors Association) Meetings
  • The power of consistency & taking action
  • The power of the back up offer...
  • How all real estate agents are not created equal
  • The book recommendation for breaking through any obstacles
  • Her thoughts on the Pro Wholesaler Program!
  • And much more...

Watch the interview right here:

Here's the video transcription on how Kriss made $5k from her first wholesale real estate deal:  

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REIA Meetings - The ULTIMATE Guide For Real Estate Investors Associations

One of the best actions I took when I began my real estate investing endeavors was attend as many REIA Meetings as possible. REIA Meetings will give you the opportunity to learn, grow, network, and build relationships with all types of real estate professionals in your local market!

Most importantly, REIA Meetings can help you take your real estate investing business to the next level.

You'll meet potential business partners, investors, cash buyers, sellers, private lenders, agents, wholesalers, mentors, and all types of real estate industry professionals!

Want more real estate deals whether you wholesale, flip houses, or buy rental properties?

Want to be taken seriously as a real estate investor in your market?

Want to meet potential mentors and partners that can help grow your business?

Want to beat the real estate investing learning curve & give yourself the highest likelihood of success?

Then read through The Ultimate Guide For REIA Meetings,...

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What Is Wholesale Real Estate? (5 Reasons Why You Should Learn How To Do It)

"The real estate industry has helped create more millionaires than any other industry in America."

I'm not sure who said this exactly (do you??), but it tends to ring true!

However, I'm sure we can agree that real estate is one of the few industries which has various avenues to make money and build long-term, generational wealth.

Whether you're getting your license and becoming an agent, holding rental property and building equity, or finding fix and flip properties, there's a way for everyone to make money.

One of my favorite (and not so talked about) avenues to make money in this industry is called "wholesale real estate."

In this article, we get into detail all about wholesale real estate and if you're not wholesaling yet, we'll cover 5 main reasons why you should start today!

 

What Is Wholesale Real Estate?

Wholesale real estate is when you find a great investment opportunity (for example, a house), get the property under contract, and then sell the rights...

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What Is The MLS? All About The Multiple Listing Service | Real Estate Skills

Real estate brokers & agents provide a convenient way of searching, buying, and selling properties. That’s because brokers & real estate agents have unique skill sets and access to industry-specific listing services like the Multiple Listing Service.

 

What Does MLS Mean in Real Estate? 

In real estate, the ‘MLS’ stands for Multiple Listing Service. The MLS is an online software that brokers & agents utilize to establish contractual compensation offers, accumulate, and even disseminate the information required for appraisals. In simpler terms, it is a database of relevant information on homes or properties for sale in a particular region. 

Using this database, real estate agents find the right properties or homes to show prospective buyers with ease. The information contained in this database also plays a very crucial role when it comes to making offers and negotiating real estate deals. 

 

When was the First Multiple Listing...

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Wholesaling Houses Interview: 18 y/o Goes From Making $10/hr to $2,000/hr! - Pro Wholesaler Review

In this interview we go over how Carson has been able to start wholesaling houses as an 18 year old! Carson recently quit his job and has gone from making $10/hr to $2,000/hr thanks to wholesaling houses & real estate!

In this in-depth interview, you’ll learn:

- How Carson made $16,400 in profit from his first 2 wholesale real estate deals
- How Carson found the houses that he wholesaled
- How to find cash buyers now for wholesale real estate deals
- The real estate deal numbers break down for each wholesale
- How being a member in the Pro Wholesaler Program has helped Carson grow his wholesaling business
- What to do (and not to do) when starting out wholesaling houses
- Carson’s #1 tip for anyone starting out as a wholesaling beginner

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Here is the transcription of the wholesaling houses interview in case you enjoy reading:

Alex:                 Hey guys,...

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The Beginner’s Guide to Wholesaling Houses | Real Estate Skills

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...

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