Wholesaling in Real Estate Investing, a wholesaler contracts a home with a seller, then finds an interested party to buy it. #PeterVekselman #PartnerDriven #Motivation #RealEstateInvestingCoach
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So what exactly is wholesaling in real estate? Wholesaling is actually one of the most popular techniques that we as investors utilize. The concept is very simple. It is actually putting the property under contract with a seller at a specific price, usually at least 20 to 25% below what it’s worth. And then before you actually have to close on that property, having another investor step in and do the closing. And when you’re selling it to that investor, you’re basically marking that property up. So if you have it under contract for let’s say $50,000, you then sell that contract. The rights to buy that property for 55,000 at closing, the seller gets their 50. You get your five in the buyer, then you invest you’re. The new owner has that property for $55,000. And that’s the leaves them enough equity to do something with wholesaling is a terrific technique and strategies, especially for the beginners.
It’s one of the easiest and least complex to understand it’s one, if you understand how to structure the right way does not require you putting money into deals or very little money into deals. It’s one of the least risky because what happens when you put the property under contract with your seller, you have due diligence time inspection time, and that’s the time you use to find the backend buyer. If you can’t find it during that time, you simply back away from the contract, no harm, no foul. Wholesaling’s also terrific is a works all over the United States. And wholesaling’s a great strategy because there’s always, always distressed sellers in every marketplace. And there’s always back in investors looking to find good deals. Wholesaling is a terrific, terrific strategy.
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