Wholesale Real Estate -- New Investors Should Be Wholesaling Real Estate

http://www.REIClub.com -- Wholesaling Real Estate Is One Of The Safer Ways To Start Investing In Real Estate. Here's Why Beginner Investors Should Wholesale Real Estate...

To Learn More On Wholesaling Real Estate:
http://www.WholesaleInterviews.com/

Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got quick video on why Wholesaling / Flipping Real Estate is good for beginner investors

Qualifications: Wholesaling Property "Ease of Entry"
Not a lot of...
- Time
- Experience
- Money or credit
- Resources
- Looking to make Quick Cash with low risk

Investment: Typical Wholesaling Properties Work Day
- Time -- Typically 1-3 Hours a day
- Looking through ads/posting ads
- Calling realtors
- Drive-through neighborhoods
- Attending REIA meetings/networking
- Building a Buyers list
- Market Analysis - pulling comps
- Creating a Plan -
- Money - Earnest money -- as little as $1 - $1000 -- get it back rather quickly

Financial/Experience Gain from wholesaling houses:

- Typically $1,000 - $10,000 / transaction (5-10 total hours of work per transaction)
- Build relations -- realtors, investors, title companies,
- Learn the market
- Assessing profit margins based on Repair costs
- Familiarize yourself with purchase and sales agreements
- Start building financial strength
- Move on to other areas of real estate -- rehabs, short sales, reo's

Wholesaling Property Risks:
- Money in Deal - If using private mortgage lender, none of your own money is in the wholesale real estate deal
- End buyer backs out
- Buyers list setup
- pre-sell properties - no holding time when you flip properties
- replace buyers

If you always wondered how or what niche of real estate investing was a good place to start, wholesaling properties is it. It's low risk, doesn't require credit, very little capital is needed, and the time investment is very manageable especially if you have a full-time job. Flipping real estate allows you to learn the business safely, and helps you to start build financial strength so you are able to pursue bigger and better investments.

Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing.
http://www.youtube.com/watch?v=PNH41DdsyVg

Category:

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[lynnebrndtt]

Hi Frank

Do you have a video showing step by step process on real estte wholesaling investing?

[reiclub]

@lynnebrndtt - We do have a How-To video on wholesaling which can be found in our "Playlists". If you don't find everything you need there. I encourage you to check out our homepage. We have TONS of articles that cover wholesaling.

[rthavlick]

This was a good video which gives a good overview of wholesaling. However I would like to see you expand on this. I would like to see a video on how to build a buyers list. How to obtain a cash buyers list from the MLS as well as other methods. Next would be a video on how to find sellers and what to look for in a seller. This video painted the big picture, now please cover each part of a wholesaling.

[reiclub]

@rthavlick - Thanks for your suggestions! We actually have some videos that cover these topics. If you look at our playlists within our channel you might find what you are looking for...

If not, let me know so I can make a video for it.

[eclipsdrs]

This video changed my life. GET A MENTOR AND TAKE ACTION.

[CohortGR05]

hello



[wwpsolutions]

@SpencerRoxx No. Contact your local attorney.

[SpencerRoxx]

Isn't wholesaling (selling/tranferring an exucuted sales contract) illegal in many states?

[escanali]

Hi there Frank, I've been trying to get into R.E. Investing , but, I have no money and bad credit. I need to, I have to, and I must do something very soon on this topic. You mention wholesaling, but do banks allow you to raise the price on any property without even doing any repairs, work, or upgrades before selling it to the end buyer? Please let me know more on this, I already receive your email updates on REIClub.com Thanks.

[TimCordovaInc]

GOOD JOB BRO... I HOPE ALL YOUR VIDEOS ARE INFORMATIVE..I'LL SUBSCRIBE.. MAYBE YOU CAN MAKE A VIDEO THAT YOU ACTUALLY DID A DEAL ON.. OR MAKE A VIDEO THAT EXPLAINS THE CONTRACT ... WHEN, WHO AND HOW TO DO THE CONTRACT... THE ASSIGNMENT ETC.

[okclee]

Do title companies frown or discourage this type of contract assignment?

Do you have an example of an assignment contract that I could see?

As always great video content. Thanks.

[DancingSpiderman]

Excellent info. Hubba-Hubba, Frank.