Real Estate Wholesaling For Beginners: Step By Step 2021
Here's a beginners guide to invest into Real Estate with little to no money, or without a Real Estate License. Follow me on Instagram:TimothyWilliamsJr0
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6 Steps
1. Find a great deal from a motivated seller.
2. Negotiate a great price that makes financial sense to both parties.
3. Sign a "purchase and sale agreement" with the seller.
4. Find a cash buyer(investor/cash buyer)
5. Legally connect the cash buyer to the motivated seller.
6. Collect the difference in price between what the sellers contract is for, and what the cash buyer will pay. Then repeat the process!
The housing market is on fire right now, buying homes is hard because the prices have skyrocketed and there is little to no inventory.
Off Market properties are the key finding good deals(leads) finding a great Real Estate Agent, will help you scale your wholesaling business, as well as help the Real Estate Agent when someone contacts you about selling their home on the MLS.
Marketing techniques: Driving for dollars, direct mail, bandit signs, for sale by owner signs, website/youtube.
Apps to use: Deal Machine, Facebook, Callrail, Bigger Pockets.
Real Estate is one of the best industries to get into, it has produced 90% of it's Millionaires.
Wholesaling allows you to build your education on the real estate market, as well as build relationships to take your business to the next level. It allows you to flip paper instead of flipping properties.
Understanding the ARV(After Repair Value) as well as Assignment of Contract, and Double Close will help you save time and be able to close more deals.
Save your money, and only focus on distressed properties from motivated sellers, get a great home inspector, have your Maximum Allowable Offer and don't go above it.
Thank you guys for the support(:
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