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This is one of the most frequently asked questions ever... "what is real estate wholesale?"
It's simply a real estate investing strategy.
What makes it different from your typical real estate investing is that you do not have to have money for capital or downpayment.
It's a wide open opportunity for you to invest your time and marketing skills in real estate
And make multiple 6-figure income doing it over and over.
The marketing skill is invested in finding deeply discounted properties and assigning the rights to purchase it to others in exchange for assignment fees.
My highest assignment fee is $82,000; it can be much less or much higher.
There are many gurus teaching gimmicky deal finding methods designed for
People who have a hard time investing in proper marketing skills and marketing.
My advice to you is to understand that free money doesn't exist and chasing after such only makes a sucker in the game.
Sure you do not need capital for a down payment and purchase price, you do need to understand that there is always a catch.
If you can't afford to spend $300 - $500 per month on a potential 6-figure business, that should tell you a lot about your fate in the business.
Also before entering a deal, you need to exit.
You need to understand the concept of “exit before you enter”...
What it essentially means is that you should have a goal before knowing if an asking price is a deal or not.
For the most part, the asking price is irrelevant.
You can only use it to gauge the motivation level of your seller.
www.DealEstimator.com is an amazing free tool and calculator that you can use for that.
Below is a question for us to address with this lesson...
“So on Wednesday you could say, I began extensively researching how to get my foot into wholesaling.
It’s been on my mind for a while but never executed on my ideas.
I have a good idea of the wholesaling process after research but of course, I still have many questions and small details within the process.
I’m confused about.
Nonetheless, I took action today and drove in my area and called the numbers on a few bandit signs.
I found an REI and she gave me a lead, saying she didn’t want it.
She says it's available and asking $69,000.
What do I do now?
Any tips would be greatly appreciated, thank you!”
Enjoy the video.
https://myempirepro.com/blog/what-is-real-estate-wholesale
BLOG POST - https://myempirepro.com/blog/
ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO and author of Smart Real Estate Wholesaling. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and a father. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
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