If you’ve been looking for a way to get started in real estate investing, wholesale real estate might be your answer.
Becoming a real estate wholesaler doesn’t require a lot of money. But, it does require a lot of time, effort, and determination. Beginners can learn quickly with the right support, and you won’t have to wait long to start turning a profit.
Are you Intrigued? Let’s find out more!
What is Wholesale Real Estate?
In simple terms, real estate wholesaling means you find a property, contract it with the seller, then find an interested buyer for the property. The wholesaler (you) contracts the property with the buyer at a higher price than you paid for it. And the difference is your profit. Wholesaling is one of the best ways to break into the real estate industry.
As a wholesaler, you’re looking for highly motivated sellers or properties in distress. People often don’t realize how many properties are out there, sitting abandoned or empty. Their owners are wasting money on property taxes year after year, but they haven’t gotten around to trying to sell. You could come along at just the right time to take it off their hands.
How Do You Become a Real Estate Wholesaler?
You don’t need much money or experience to become a real estate wholesaler, just a lot of hard work. You will have to commit to learning as much as you can and putting in a lot of sweat equity. There’s also not much risk involved, making it very appealing to people just getting started in real estate.
Here are some things you’ll need to do to be successful at wholesale real estate:
- Wholesale real estate is not complicated, but it is specialized. Find a respected and experienced coaching program to guide you through the process of setting up and scaling your business.
- Choose the right area to target. Again, it is best to learn from other wholesale real estate investors and draw on their experience.
- Become as familiar as possible with your chosen counties.
- Learn how to identify properties owned by motivated sellers.
- Make connections and build a lead generating system that works.
- Learn the art of negotiation and find the sweet spot between seller and buyers
- Ensure that you have all of the documentation, record keeping, and contracts that you need in place.
- Never stop learning and growing, and never give up.
Do you need a specific qualification to become a Real Estate Wholesaler?
You do not need a specific qualification to do wholesale real estate deals, and you do not need a real estate license!
However, you should invest in a reputable real estate coaching program that is specifically for wholesale real estate investors. While some people have managed to establish successful wholesale real estate businesses on their own, it will take a lot longer, and you could end up making unnecessary and costly mistakes.
One such example is the Land Profit Generator Coaching Program. The Land Profit Coaching Package offers a ‘business in a box’ solution for starting your wholesale real estate business, specializing in Land Flipping. (To find out more about Wholesale Land Flipping, visit: www.landprofitgenerator.com)
LPG Students receive personalized coaching with the country’s top 1% of wholesale land flippers in the USA. The package also includes a custom-designed CRM, called the Investment Dominator, which allows you to automate a large portion of your business.
Students are also provided with all of the systems, processes, documentation, and contracts needed to start doing wholesale land deals from day one!
What Are the Pros and Cons of Real Estate Wholesaling?
As with any opportunity in life, there are pros and cons to consider before you dive into the wholesale real estate investment world.
So, what are the pros of real estate wholesaling?
Here are just a few:
- It doesn’t take much cash (or credit) to get started.
- You can learn quickly and easily.
- You can earn profits in a very short period of time.
How to Turn the Cons to Pros
| Unlike in a salaried job, starting your own business may mean that your income is not as predictable. | You might end up making MORE than what you would in a salaried job. You CAN create stable passive income with land – if you know how! |
| Generating leads can be challenging if you don’t have the right systems and support in place. | If you invest in Land Profit Coaching, you can quickly learn how to create a lead generating system that works reliably. |
| It can be difficult finding buyers without a solid buyers list and insight into how to market your product. | When you register for Coaching with the Land Profit Generator, you will learn how to build a buyer’s list and all the resources you need to market your properties. |
| You have to be very self-motivated and tenacious, as it is easy to become discouraged if you don’t see immediate results. | The Land Profit Coaching Program ensures that students get 360-degree support every step of the way – including a personal accountability coach for up to a year. |
If you’re willing to work hard, learn new things, and make connections with the right people, then real estate wholesaling might be for you. Learn how to get started HERE.
If you found this article interesting, try listening to Jack Bosch’s Forever Cash Podcast : https://www.landprofitgenerator.com/podcast/
Learn how to flip real estate for pennies on the dollar – without houses: https://www.landprofitgenerator.com/landflippingtraining/
FCP | Episode 166 | Sell Land Fast By Building A Buyers List