How to Wholesale Real Estate
November 26, 2009 by admin
Filed under Real Estate
Eddie Case asked:
You’re all excited and fired up about getting started in real estate investing! You have chosen to specialize in real estate wholesaling, CONGRATULATIONS! You have chosen the absolute BEST real estate investing vehicle available to new investors!
Why is it the best? Its best for a lot of reasons but the 3 best reasons to wholesale real estate are:
1.) There is Zero Risk involved with this type of investing. 2.) You need none of your own money to get started as a wholesaler 3.) Your credit rating is NOT a factor, it NEVER even comes into play!
And if that’s not enough to get you totally excited about real estate wholesaling then the potential of earning a realistic high 6 and 7 figure income should push you right over top!
Now for some sobering news. Although real estate wholesaling can make you fabulously wealthy as an investor, it’s “no free lunch”. What I mean is, there is a good deal to learn about real estate wholesaling first. You must first do your homework and prepare yourself for the wholesaling road ahead.
You must first familiarize yourself with the “business model” of wholesaling real estate. There are a few key areas that surrounds a typical real estate wholesale deal that you MUST understand thoroughly and then implement successfully to make this wholesaling machine work properly and profitably.
At the very least you should understand the following wholesale deal related procedures:
- Learning your market – Finding Investors so you can wholesale your properties – How to “talk to your investors” intelligently – How to find Great deals on wholesale priced property – How to make purchase offers on property – How to structure the wholesale deal between the buyers and the sellers – How to write a wholesale deal sales contract – How to use private money and Hard money to your advantage – How to calculate Repair cost to distressed property – How to use assignment contracts – How to build a “killer” investor buyers list – How and where to market your wholesaling business for the world to see!
These are just a few of the many different facets that make up a completed real estate wholesale deal! There really are few things that you must thoroughly understand and then be implementing to make this business work right fro m the gate.
I get really upset, no that’s not strong enough, I get fuming pissed-off when I see all of the pretend experts and fake gurus out there pumping false information to unassuming victims who buy-in to these crooks lies!
I remember when I first got into the wholesale business, I spent a lot of money chasing a few of these individuals to the ends of the earth only to find out that I had been scammed! Only to wake up one day and realize that my money had been stolen from me, and that I was right back where I had originally started. With no real direction on which way to go as a real estate investor want-to-be, and not knowing who to trust to get me where I wanted to go.
It wasn’t until I met the one person who was true a practicing real estate wholesaler that the “light-bulb” finally came on for me. It took me finding an “honest to god” real wholesaler to show me the ropes to make real sense of this business we call wholesaling. And then within a very short time I was wholesaling my **** off banking BIG money, and having the time of my life in the process! All it took was some Real direction from someone who was an expert and from someone who truly cared about my success as much as I did!
Real estate wholesaling is no different than any other business that you get into. You must understand how it really works first! Or, its never going to make you any money. I have started and operated 13 different companies over the last 25 years and I am speaking from pure experience when I’m telling you this! I learned the hard way, but you do not have too!
You can learn a lot from avoiding the same mistakes that other before you have made. You can save so much time and money learning from other peoples mistakes. By listening to what other successful investors have to tell you about their learning experiences, you can avoid 90% or more of the typical mistakes that most “Newbies will make. And you will make mistakes!
Wholesaling real estate is an awesome vehicle to FAST CASH! A successful wholesaler can make $ 250,000.00 to $ 1,000,000.00 %2B per year! A “Luke warm” wholesaler can easily make $ 75,000.00 to $ 100,000.00 a year. The money is there if you know how to wholesale correctly. But its a business, not a hobby. And to do it right you need to know how to setup the business correctly, and then run the business correctly, or it ain’t going to work, meaning, you ain’t going to make much money! Sorry, but that’s a fact jack!
I specialize in helping new and some seasoned investors break into the real estate wholesaling business “hardcore and full time”, and do it the right way the first time.
Visit: www.FAQMentor.com for 20 FREE Real estate wholesaling FAQ’S!
You’re all excited and fired up about getting started in real estate investing! You have chosen to specialize in real estate wholesaling, CONGRATULATIONS! You have chosen the absolute BEST real estate investing vehicle available to new investors!
Why is it the best? Its best for a lot of reasons but the 3 best reasons to wholesale real estate are:
1.) There is Zero Risk involved with this type of investing. 2.) You need none of your own money to get started as a wholesaler 3.) Your credit rating is NOT a factor, it NEVER even comes into play!
And if that’s not enough to get you totally excited about real estate wholesaling then the potential of earning a realistic high 6 and 7 figure income should push you right over top!
Now for some sobering news. Although real estate wholesaling can make you fabulously wealthy as an investor, it’s “no free lunch”. What I mean is, there is a good deal to learn about real estate wholesaling first. You must first do your homework and prepare yourself for the wholesaling road ahead.
You must first familiarize yourself with the “business model” of wholesaling real estate. There are a few key areas that surrounds a typical real estate wholesale deal that you MUST understand thoroughly and then implement successfully to make this wholesaling machine work properly and profitably.
At the very least you should understand the following wholesale deal related procedures:
- Learning your market – Finding Investors so you can wholesale your properties – How to “talk to your investors” intelligently – How to find Great deals on wholesale priced property – How to make purchase offers on property – How to structure the wholesale deal between the buyers and the sellers – How to write a wholesale deal sales contract – How to use private money and Hard money to your advantage – How to calculate Repair cost to distressed property – How to use assignment contracts – How to build a “killer” investor buyers list – How and where to market your wholesaling business for the world to see!
These are just a few of the many different facets that make up a completed real estate wholesale deal! There really are few things that you must thoroughly understand and then be implementing to make this business work right fro m the gate.
I get really upset, no that’s not strong enough, I get fuming pissed-off when I see all of the pretend experts and fake gurus out there pumping false information to unassuming victims who buy-in to these crooks lies!
I remember when I first got into the wholesale business, I spent a lot of money chasing a few of these individuals to the ends of the earth only to find out that I had been scammed! Only to wake up one day and realize that my money had been stolen from me, and that I was right back where I had originally started. With no real direction on which way to go as a real estate investor want-to-be, and not knowing who to trust to get me where I wanted to go.
It wasn’t until I met the one person who was true a practicing real estate wholesaler that the “light-bulb” finally came on for me. It took me finding an “honest to god” real wholesaler to show me the ropes to make real sense of this business we call wholesaling. And then within a very short time I was wholesaling my **** off banking BIG money, and having the time of my life in the process! All it took was some Real direction from someone who was an expert and from someone who truly cared about my success as much as I did!
Real estate wholesaling is no different than any other business that you get into. You must understand how it really works first! Or, its never going to make you any money. I have started and operated 13 different companies over the last 25 years and I am speaking from pure experience when I’m telling you this! I learned the hard way, but you do not have too!
You can learn a lot from avoiding the same mistakes that other before you have made. You can save so much time and money learning from other peoples mistakes. By listening to what other successful investors have to tell you about their learning experiences, you can avoid 90% or more of the typical mistakes that most “Newbies will make. And you will make mistakes!
Wholesaling real estate is an awesome vehicle to FAST CASH! A successful wholesaler can make $ 250,000.00 to $ 1,000,000.00 %2B per year! A “Luke warm” wholesaler can easily make $ 75,000.00 to $ 100,000.00 a year. The money is there if you know how to wholesale correctly. But its a business, not a hobby. And to do it right you need to know how to setup the business correctly, and then run the business correctly, or it ain’t going to work, meaning, you ain’t going to make much money! Sorry, but that’s a fact jack!
I specialize in helping new and some seasoned investors break into the real estate wholesaling business “hardcore and full time”, and do it the right way the first time.
Visit: www.FAQMentor.com for 20 FREE Real estate wholesaling FAQ’S!
Do I Need Good Credit To Wholesale Houses?
November 5, 2009 by admin
Filed under Real Estate
Eddie Case asked:
You need not worry about your credit rating when wholesaling because it NEVER enters into the picture for this type of real estate deal! As a wholesaler you are never going to need to qualify for a mortgage.
Wholesalers either \”double close\” on their wholesale deals or they \”assign\” their contracts to their investor/buyers eliminating the need to ever fill out a credit application!
Since the majority of wholesale deals are funded with Private Money and not conventional funding, traditional credit based borrowing goes right out the window!
When \”Double closing a Wholesale deal only one loan package is used to close both sides of the deal. Your Buying from a motivated seller and then your selling back to your Investor/Buyer with the same money, (using it twice!). So the ONLY person who needs to give credit info is your Investor/Buyer, because he is ultimately one the one who is on the \”hook\” for the financing with the private lender, NOT YOU!
SO YOU DON\”T HAVE TO GET YOUR CREDIT PULLED! YOUR CREDIT DOES NOT MATTER ONE BIT because your not the one repaying the loan!
What other style of real estate investing allows you to control hundreds of thousands of dollars of real estate deals even if you have \”Bad Credit\”?! NONE that I know of!
Also, because most wholesale deals revolve around Private Funding, there is NO CREDIT AGENCY REPORTING! This is because the \”Private Lenders do not report to the agencies. So your buyers credit rating NEVER shows any new loans on their credit report!
This helps your Investor Buyers credit rating because their debt to income ratio never changes even though they may have placed several hundred thousand dollars worth of mortgages with the Private Lenders.
This means your investor buyer never looks like his credit limit is over extended! Your buyer can still borrow more money from other hard money lenders anytime he wants, in turn, he can still buy more deals from you!
But, if YOU have blemished credit, YOU can still invest heavily in real estate as a real estate wholesaler. You can start TODAY!
More free FAQ videos here:FAQMentor.com
You need not worry about your credit rating when wholesaling because it NEVER enters into the picture for this type of real estate deal! As a wholesaler you are never going to need to qualify for a mortgage.
Wholesalers either \”double close\” on their wholesale deals or they \”assign\” their contracts to their investor/buyers eliminating the need to ever fill out a credit application!
Since the majority of wholesale deals are funded with Private Money and not conventional funding, traditional credit based borrowing goes right out the window!
When \”Double closing a Wholesale deal only one loan package is used to close both sides of the deal. Your Buying from a motivated seller and then your selling back to your Investor/Buyer with the same money, (using it twice!). So the ONLY person who needs to give credit info is your Investor/Buyer, because he is ultimately one the one who is on the \”hook\” for the financing with the private lender, NOT YOU!
SO YOU DON\”T HAVE TO GET YOUR CREDIT PULLED! YOUR CREDIT DOES NOT MATTER ONE BIT because your not the one repaying the loan!
What other style of real estate investing allows you to control hundreds of thousands of dollars of real estate deals even if you have \”Bad Credit\”?! NONE that I know of!
Also, because most wholesale deals revolve around Private Funding, there is NO CREDIT AGENCY REPORTING! This is because the \”Private Lenders do not report to the agencies. So your buyers credit rating NEVER shows any new loans on their credit report!
This helps your Investor Buyers credit rating because their debt to income ratio never changes even though they may have placed several hundred thousand dollars worth of mortgages with the Private Lenders.
This means your investor buyer never looks like his credit limit is over extended! Your buyer can still borrow more money from other hard money lenders anytime he wants, in turn, he can still buy more deals from you!
But, if YOU have blemished credit, YOU can still invest heavily in real estate as a real estate wholesaler. You can start TODAY!
More free FAQ videos here:FAQMentor.com
