Articles For Aspiring & Active Real Estate Investors
Like most of the US, the Canadian real estate market has recently appreciated at unprecedented rates. Most real estate gurus have run out of adjectives to describe these defining market metrics, which shattered previous home price records in November.
The Canadian Real Estate Association (CREA) notes that home prices (from the MLS Home Price index MLS-HPI) rose 2.7 percent month-over-month across Canada - this translates to a record increase of 25.3 percent year-over-year. The chart below is an aggregate of benchmark prices for various property types -
The current market was so strong that even before the end of 2021, there were more real estate sales through the Canadian MLS than all the sales transacted in 2020 – another record performance.
The extraordinary nature of the current real estate home price rise has been an ideal backdrop for real estate wholesalers in Canada because wholesaling real estate, as a short-term investment strategy, dovetails with a rising or...
The real estate game was forever and irreversibly changed for the better when the internet became more accessible. The knowledge, tools, and convenience that technology grants us are nearly unbelievable.
Thanks to designers, we have brand new real estate investing apps and software coming out nearly every single month. Each new piece of software is seemingly better and more comprehensive than the last.
The real question now is, which are the best apps for real estate wholesalers in 2022?
Real estate wholesaling is an investment strategy that offers beginners an opportunity to enter the real estate realm with minimal investment capital requirements. The art of wholesaling resembles its sister strategy known as flipping houses. Each investment strategy requires similar due diligence, with wholesaling offering a faster and easier path to closing.
A real estate wholesaler targets properties that are typically priced below market value, usually because highly motivated sellers need to move distressed properties quickly. If done correctly, real estate investors can wholesale real estate without a real estate license, real estate broker, or real estate agent.
Wholesale deals can be done with an owner-occupied or rental property, a multi-family property, or distressed properties, like a foreclosure.
Wholesalers enter a real estate contract with a seller, receiving 'equitable interest' through the Principle of Equitable Conversion. But before closing on the initial purchase...
In wholesale real estate, there's an important topic we need to address. Everyone knows we should all pay taxes on our money earned as real estate wholesalers. But how does your wholesaling business change the method and determining factors for paying income taxes?
Consider these questions related to wholesaling real estate taxes:
To help answer these and other questions, we hope you enjoy this Wholesaling Real Estate Taxes Ultimate Guide.
The world witnessed many challenges in 2020. Igniting fear and uncertainty, COVID-19 affected spending behavior among consumers across the globe. Average annual expenditures saw a 2.7 percent decrease from 2019 as housing expenditures increased by 3.5 percent. While these changes signaled danger to many, others capitalized on challenges.
While stay-at-home orders ruled our lives, every genre of reality television emerged. These shows helped us escape the real world and virtually jump into the real estate business.
Everything from finding dream vacation homes to rehabbing distressed properties, a reality television niche appeared for everyone. While some watched TV screens, others launched successful wholesaling real estate careers.
If you’re passionate about learning how you too can hop on this exciting train of opportunity, stick with us as we discover how to start wholesaling real estate for beginners.
Maybe you’re facing a pivotal point in your professional life where you’re asking, “Is this all there is?”
If you’ve ever considered the possibility of making a career move into wholesale real estate, you’ve undoubtedly wondered about the potential of your wholesale real estate salary.
We’re here to make sure you start wholesaling real estate the right way. This entails having realistic expectations about how much money you can earn on your real estate investment journey.
Whether you’re in New York or New Braunfels, given the state of the world today, there’s never been a better time to consider the possibilities of wholesale real estate.
As beginners in your quest to discover if this is the right fit for you, we’ll help you understand:
Wholesaling is a wise real estate investment strategy that allows you to get your feet wet in the real estate market in South Dakota without significant capital or time invested. But, similar to any new business endeavor, a real estate wholesaler must understand both the benefits and the areas of concern related to wholesaling real estate in South Dakota, which are discussed below.
A real estate wholesaler’s work resembles that of a flipper but reduces some of the more glaring risks associated with rehabbing real property. This is because there is no need for construction, permits, or time for something to go wrong.
A real estate wholesaler enters into a real estate contract – which can be for owner-occupied property, investment property, or rental property – but typically at a price below market value. The attractive price is usually the result of the seller needing to move quickly or another financial challenge that requires raising cash quickly. Therefore, many...
Wholesaling real estate is currently one of the most popular real estate techniques - reaching the upper echelon of profit-generating strategies, along with its sister strategy, the fix and flip.
What Is Real Estate Wholesaling?
Real estate wholesaling is simply a type of real estate investing strategy in which an investor executes a legal contract to purchase an investment property – single-family, rental property, a multi-unit property, or otherwise. But before closing on the first purchase contract, they choose to assign their right to purchase the property to another end buyer.
The difference that exists between the two sale prices is known as the defined gross profit. Wholesale properties are often sold to other potential buyers from a curated cash buyers list.
A fully executed real estate contract awards the purchaser/wholesaler with a bundle of rights to purchase the property through the Principle of Equitable Interest or the Principle of Equitable Conversion. The sale...
In layman’s terms, the assignment fee is the fee paid by the end buyer to the real estate wholesaler. This fee is for the wholesaler’s professional service of finding a property. The wholesaler then transfers completion of the intended purchase to the end buyer as outlined in the contractual obligation.
It doesn’t take much research to notice trends in real estate. According to the Bureau of Labor Statistics (BLS), workers in wholesale sectors will continue to be in demand as these occupations remain critical.
Regardless of where the economy heads, how much more will real estate wholesalers need to be at the top of their game?
To help fortify your foundation, in this article you’ll gain greater awareness of:
Wholesaling real estate as an investment strategy has become one of the preferred real estate investments in today’s real estate market. Its popularity is because real estate investors who choose to wholesale –
Current Real Estate Market Metrics at the National Level
According to the Core Logic HIP index (an indicator designed to demonstrate early home price trends), prices for real estate and homes in the United States have increased 18% between September 2020 & September 2021.
Remarkably, this year-over-year...