Articles For Aspiring Real Estate Investors
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:
Watch the interview right here:
Here's the video transcription on how Kriss made $5k from her first wholesale real estate deal:
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,...
"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!
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...
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.
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.
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
Here is the transcription of the wholesaling houses interview in case you enjoy reading:
Alex: Hey guys,...
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.
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:
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!
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...
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!
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!
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)
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 &...