Wholesaling offers the lowest barrier to entry to get started in real estate. No money or little is needed to close a deal depending on how you chose to structure it. It does not require you to have lots of prior experience and you're also are not responsible for any of the repairs. You just need to find the deals with value at a discount.
The goal in real estate wholesaling is to sell the home to an interested party(investor/buyer) before the contract with the original homeowner closes. This means no money exchanges hands between the wholesaler and the seller, usually not until a buyer is found by the wholesaler.
You make your profit by finding a buyer willing to purchase the home at a higher price than the amount agreed upon originally by the seller. The difference is yours to keep.
Example: Seller agrees to sell property to you for $65,000 and you find an investor/buyer willing to purchase for $70,000. You stand to make a gross profit of $5,000.
This is a great low risk strategy that can be used as a source to create quick cash without using any of your own credit, money or other financing techniques. You have no risk because you are only tying up the deal to “assign” it to another investor or individual.
This eBook is designed to get you results quicker by helping you establish a clear understanding of what is involved and what you need to know to fill in the gaps. Giving you earning power by the end of this course.
Whether you have any prior real estate experience or none at all and this is your first jump into the business. Whether you have saved up some funds and want to learn to reinvest to get better returns while minimizing the mishaps or you need more creative funding options, this is for you.
Hi, I’m Jarold Spight
Since 2010 I have been buying distress properties all over the Chicagoland area, rehabbing these properties, then getting them sold to a new homeowner. Raising the property value in those areas and putting people to work. Over that time as well, I have had the privilege of helping mentor/coach new investors all across the US enter real estate and build out there business. I have made it a personal goal to educate and help determined individuals close their first real estate deal. Known for my success with fix&flips, I have experience in multiple exits strategies including wholesaling and rentals.