Articles For Aspiring & Active Real Estate Investors
For most people, the word ‘entrepreneur’ conjures up visions of wealthy, innovative business people like Bill Gates or Mark Cuban. However, business acumen and insight are innate and intuitive skills and are not always a product of experience or age.
The real estate business has long been appealing to entrepreneurs because its investment strategies pair well with a creative, adept investor – someone who can think outside the box but within a defined legal framework.
With fantastic profit potential, it is not uncommon for teenagers to take simple curiosity and develop it into a lifelong passion and a potentially profitable career. To work with confidence and the required legal authority, you need to know how old you must be to start wholesaling real estate. This is discussed below.
Real estate wholesaling might be one of the most lucrative, and also easiest real estate investing strategies, but that doesn’t mean everything is handed to wholesalers on a silver platter.
The strategy comes with a slew of responsibilities which include scouting around for profitable properties, converting owners into motivated sellers, and finding buyers, all before the closing date. In between the mentioned processes comes the mundane tasks such as creating contracts.
That is why every wholesaler looking to scale their business needs quality real estate wholesaling software. Here’s a comprehensive guide covering what a wholesale real estate CRM is, the best in the market, and tips on how to determine the best fit for your practice.
Over the past decade, the United States has seen unprecedented buyer demand, price appreciation, and capital influx from all types of investors in the real estate market- from hedge funds to mom-and-pop house flippers.
Real estate wholesalers, though still an emerging crowd, have long been able to carve out a niche within this vast industry. Value-add investors, including fix and flippers, rental property owners, and real estate developers, are continuously seeking out new real estate properties to acquire in order to stay in business.
This creates massive opportunities to capitalize as a real estate wholesaler when the right strategies are followed to create significant value for investors - investors who pay wholesale assignment fees to the tune of $10,000, $20,000, and even over six figures!
On the residential side, there are approximately 142,153,010 housing units across the country with about 64.4% being owner-occupied. That means over 51,000,000...
Are you looking to start wholesaling real estate?
In the video below, I am going to show you the reasons why most real estate wholesalers suffer & quit so that you can avoid these pitfalls and build a hyper-profitable real estate wholesaling business!
Video Time Stamps:
0:00 - The Top 5 Reasons Why Most Wholesalers Suffer & Quit!
0:26 - Reason 1
2:10 - Reason 2
4:46 - Reason 3
7:19 - Reason 4
9:38 - Reason 5
Note: we've transcribed the video above into this written blog post for those who enjoy reading over watching video!
Want to build a hyper-profitable wholesaling & flipping business making $10k-$100k a month in your market? Click the image below to schedule a Strategy Session & see if you're the right fit for the Pro Wholesaler VIP Program!
After training thousands of real estate wholesalers and flippers to be successful at real estate, it's apparent that...
Real estate wholesaling is a short-term investment strategy. The wholesale investor buys properties at a discount, intending to assign or sell the property to another real estate investor or buyer for a profit.
Real estate wholesaling offers a quick entrance into the real estate market as a means to generate an income without jumping into investments that require more capital or risk. Real estate wholesaling is a clever way to learn the real estate business, but note that it is not without a learning curve.
Fortunately, real estate wholesale companies offer new and experienced investors essential support and guidance through each stage of the wholesale transaction.
Working with a wholesale real estate company can be a temporary decision – to learn the business from experts who offer protection, support, and guidance until your confidence is strong enough to go at it alone. Although, some wholesalers may find that sharing the profit with the company is a worthy partnership due...
Want to start wholesaling real estate?
In the video below, I'm going to show you the Step-by-Step Process on how to wholesale real estate in 21 days or less without having to spend $1 in marketing and without having tons of experience!
Video Time Stamps:
0:00 - Intro
0:36 - What Is Wholesaling Real Estate?
1:15 - 2 Ways To Close Wholesale Real Estate Deals
2:39 - The Wholesaling Process At A High Level
4:29 - Step 1: Pick Your Market
6:18 - Step 2: Find 3-5 Cash Buyers
7:24 - Step 3: Finding & Filtering For Wholesale Deals
13:27 - Step 4: Make Discovery Calls Daily To Real Estate Agents
18:14 - Step 5: Further Analyze The Property
29:00 - Step 6: Call Back The Agent (Close Call)
36:52 - Step 7: Send The Offer Terms Via Email
39:46 - Step 8: Get The Contract, Check It, Sign It, &...
By its very nature, wholesaling real estate puts your assets and resources on the line as a means to generate income and a potential capital gain.
In the field of real estate wholesaling, veteran wholesalers generally agree a professional mentor is a profoundly practical choice and maybe as (or even more) effective than a four-year college degree. Even in the modern 21st-century economy, learning alongside a mentor remains one of the most effective and efficient ways to gain the necessary insight and skills to start earning a living as a wholesaler.
A real estate wholesale mentor offers professional guidance, so, with an expert by your side, you have a better chance of avoiding the missteps often encountered by newbie real estate wholesalers.
Mentorship is a type of formalized guidance and directional influence. Before organized education became readily available, mentorship (or its sister concept – apprenticeship) was the primary way to learn most trades. The reality is...
HUD homes are a mostly untapped market for wholesale investors. Few investors look to HUD homes to find deals because of the complexity of the contracts and the government's interference with these properties.
Still, if you have the patience to overcome these obstacles, you could find yourself with a healthy profit when wholesaling HUD Homes.
Real estate wholesaling is a short-term business strategy that has become quite popular as the underlying strategic goals mesh exceptionally well with the current appreciating real estate market that developed during the pandemic.
Wholesaling is a great tool that can be used for commercial real estate but is mainly employed by wholesalers in the residential real estate market. These potential wholesale deals may include owner-occupied units, investment properties, or rental properties.
Real estate wholesalers act like any other middleman in an economy. However, instead of selling large quantities of goods at reduced prices (like a traditional middleman-wholesaler would), the deal is considered wholesale because the real estate wholesaler is not the end-buyer or final consumer.
The objective of real estate wholesaling is to –
Real estate wholesaling is a short-term investment strategy. Procedurally, wholesaling in Washington DC involves a few but necessary steps –