How To Wholesale Real Estate With No Money (STEP-BY-STEP)!
In this video, Stan Gendlin goes over STEP-BY-STEP how to wholesale real estate with no money!
Stan covers the IMPORTANCE of each step when it comes to wholesaling houses as a BEGINNER and how you can APPLY them to get started with your real estate investing journey today.
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Here are some of the topics we cover:
Finding a Mentor - Stan emphasizes the importance of seeking guidance from a mentor, whether through realestateskills.com or local REIA groups, to navigate the complexities of real estate wholesaling and avoid common pitfalls.
Understanding Local Laws - Before diving into wholesaling, it's crucial to familiarize yourself with the laws and regulations governing real estate transactions in your area. Building a relationship with an attorney can help you navigate legal complexities.
Researching the Market - Assessing the local market's potential for wholesaling is essential. By analyzing transaction volumes and sales activity, you can identify areas with high investment potential.
Building a Buyer Network - Cultivating relationships with potential buyers is key to wholesaling success. Utilize social media platforms, real estate groups, and networking events to connect with investors interested in purchasing properties.
Securing Properties Under Contract - Stan explains the process of securing properties under contract, emphasizing the importance of understanding contract laws and working with reputable real estate agents.
Marketing to Sell Deals - Leveraging your network of buyers, you can market the contracted properties for sale. Whether through assignment agreements or double closings, Stan provides insights into closing deals smoothly.
Assessing Benefits and Drawbacks - Stan highlights the benefits of wholesaling real estate with no money down, such as minimal financial risk. However, he also acknowledges the need for diligence and networking to succeed in the competitive market.
Timestaps:
00:00 Intro
00:22 Real Estate Wholesaling Overview
06:08 Finding A Good Mentor
06:45 Step #1
07:35 Step #2
08:07 Step #3
09:39 Step #4
11:30 Step #5
12:12 Step #6
12:54 Step #7
13:13 Step #8
13:51 Pros To Wholesaling Real Estate
14:36 Cons Of Wholesaling Real Estate
16:06 Conclusion
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📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.
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