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Why Real Estate Wholesaling?
Why is real estate wholesaling the vehicle of choice to make quick real estate profits? There are so many reasons to consider “wholesaling” as the absolute best way for a new investor to make a perfect fortune in real estate!
The most compelling reasons are:
1.) Zero risk
2.) The investor does not need money
3.) No rehabs or repairs or contractor nightmares to deal with
4.) No tenants to destroy your property and your sanity
5.) No ownership of any real estate (no taxes, no utility bills, no maintenance bills, etc)
6.) You don’t need good credit
7.) You don’t even need a job
8.) And more…but you get the picture!
I started selling homes in 2001, and to date, have sold over 450 homes within a 20 mile radius of my home. I consider myself a subject matter expert. I absolutely love this business and I can’t see myself wanting to do anything else for a living again!
Here is a quick overview of the wholesale system:
1.) Find a motivated seller who will sell at a big discount
2.) Put his house under an assignable sales contract between the two of you
3.) Find a motivated Investor/buyer who wants to buy the motivated sellers house
4.) Assign your sales contract between you and the original motivated seller to your new motivated investor/buyer for a fee (assignment fee).
5.) Go to the closing and collect your payment (assignment fee)
6.) Repeat often!
That’s it! This super simple, but actual chain of events, can be easily learned by anyone! I could have completed the above deal with no money, no credit, not even a job! The deal is risk-free to speak of! I never owned the house, passing the interest right from the original owner directly to my investor/buyer and all around me!
If the house needs repairs, then guess what, my investor/buyer will do the repairs, NOT ME! If the house is rented out to tenants, that burden is also the owner’s new baggage and not mine!
What I like the most is the fact that I didn’t need my own money to build this deal! Now, you may need a small deposit to hold the house when you write the sales contract with the motivated seller. I always give a $100.00 or less deposit (earnes money deposit) to make the sales contract legal, and that’s it! That’s all the money I need to put this deal together! Many times I put down $1.00 to get the sales contract! Passionate sellers are not looking for large deposits!
These are not conventional deals, where we are the end users of the real estate we put under contract. We don’t go to the bank and try to get a mortgage on these houses. So, we don’t need the traditional 10-20% down deposits that regular buyers have to put down! The person doing that in this example deal is our investor/buyer! Is it starting to make sense?
Look, I’ve done it over 450 times in 7 years! I have an exact science that I follow too! I created a “Flipping/wholesaling machine” that kept pumping out deal after deal for me.
How much do these assignment fees cost? Well, I averaged $7,500.00 per deal! Now let’s put this dollar amount into perspective: 1 deal per month @ $7,500.00 = 12 deals per year = $ 90,000.00 per year 2 deals per month @ 7,500.00 = 24 deals per year = $ 180,000.00 per year 3 deals per month @ 0.00 per year = $270,000.00 per year 4 deals per month @ 7,500.00 = 48 deals per year = $360,000.00 per year.
A professional wholesaler can easily make 50 to 75 a year. A part-time wholesaler can easily do 6 deals a year without a problem (1 deal every 2 months!) for an extra $45,000.00 a year! What does that do for the average American lifestyle every year?!
I don’t know of any other business with Zero RISK involved during the learning curve, with the ability to throw away this kind of income! IMPOSSIBLE!
I graduated high school with a “C” average and never got a college degree. So I’m just your average guy, with average intelligence. If I can do it, I bet you can too! Some days I still can’t believe the level of income in this business! I personally know many other wholesalers in my market that do over $500,000.00 dollars per year wholesaling homes all the time! Most surgeons and the President of the United States make more than that! Unbelievable isn’t it!
Who has to sell houses for a living? Well, ask yourself the following questions and see how fair you are:
* Am I the type of person who likes to carve my own paths in life?
* Am I a leader, and not a follower?
* Am I the type of person who likes a personal challenge?
* Do I always finish whatever I start, or do I stop when I hit the first road block?
* Do you imagine yourself having and doing the best things life has to offer?
* Do you want to retire earlier than your head?
* Do you want more time to enjoy family, friends, and life?
If you answered yes to most of these questions you are a strong candidate for the real estate wholesaling business model! If this is the first time you’ve heard of “wholesaling real estate”, then you owe it to yourself to get more information on how you can start using this investment system to quickly transform your financial situation. forecast!
Selling real estate, wholesaling real estate, wholesaling real estate, say it over and over until it’s burned into your subconscious mind! This is the lowest risk, fastest paying style of real estate investment any new investor could ask for!
Visit: WholesalerSmarts.com to learn more about wholesaling homes.
“Life is Beautiful!”
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