Wholesaling Real Estate How to Wholesale Real Estate Step by Step





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Published on Jan 8, 2013


Wholesaling Real Estate How to Wholesale Real Estate Step by Step

The Five Simple Steps To Making Money in Real Estate Wholesaling

Guess what? Making money in wholesaling is a simple five-step process. In this post, I outline what you need to do to make your first check, and in my upcoming posts I'll dig into more detail for each step.

Are you ready? Let's go.

Step 1: Find Cash Buyers

Your cash buyers are your customers, so it's important to build up this list. Your cash buyers are your base. They have a lot of money available, in cash - and they're looking for ways to get good returns on their investments. Build up a list of cash buyers and you'll have people to buy your property.

Step 2: Find A Motivated Seller
A motivated seller is someone who owns a property and wants to get rid of it quick. It could be because they've had a death in the family, or a divorce. Maybe they got a job transfer. There are lots of reasons someone might not want a property. Find your motivated seller and move to Step 3.

Step 3: Lock Up Your Contract Below Market Price

My favorite thing about wholesaling (besides the money) is that you don't need cash or credit, you don't have to deal with banks or tenants, and you know what? You don't even take on any risk! But you do need to lock up that property for little or no money. So get over to your motivated seller with a purchase contract, and lock it up below market price.
Step 4: Meet With Your Cash Buyers

Now you want to get on the phone and tell your cash buyers you've got a great property for them - below market price - that they can fix up and sell for a big return on their investment. Remember how these are the people who have lots of cash lying around? Now's when you help them use it to their advantage.

Step 5: The Closing

Even though this is the most important step - you know, the step where you get your check - you don't have to worry about handling a lot of paperwork because the closing company will do it for you. The closing is the end of the sale where everyone goes home with what they wanted.

Pretty simple, isn't it? These 5 easy steps are how you're going to make your first check in wholesaling - and I'll dig deeper into each steps in another post so that you'll know exactly what to do at every point. Bookmark my site and check back for my updates, or better yet - sign up for my newsletter and I'll let you know when my next info-packed post comes out. If you have any questions or comments, I'd love to hear from you and answer your question - so go ahead, send me a message in the space below.

Let's see you make that first check wholesaling real estate.



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