Why Wholesale Real Estate?

Why wholesale real estate as the vehicle of choice to make quick money in real estate? There are so many reasons to consider “wholesale” as the absolute best way for new investors to make an absolute fortune in real estate!

The most compelling reasons are:

1.) Zero Risk
2.) The investor does not need money
3.) No rehabs or repairs or contractor nightmares to deal with
4.) No Tenants Destroying Your Property and Sanity
5.) No real estate ownership (no taxes, no utility bills, no maintenance bill, etc.)
6.) You don’t need good credit
7.) You don’t even need a job
8.) And there are several more… but you get the idea!

I started wholesale homes in 2001 and to date have wholesaled over 450 homes, all within a 20 mile radius of my home. I consider myself an expert on the subject. I love this business and can’t see myself wanting to do anything else for a living ever again!

Here’s a quick overview of the wholesale system:

1.) Find a motivated seller who will sell at a deep discount
2.) Put your house under a contract of sale assignable between the two of you
3.) Find a motivated investor/buyer who wants to buy the motivated seller’s house
4.) Assign your sales contract between you and the original motivated seller to your new investor/motivated buyer for a fee (assignment fee).
5.) Go to closing and collect your fee (assignment fee)
6.) Repeat often!

That’s all! Anyone can easily learn this overly simplistic, but real chain of events! I could have completed the above deal with no money, no credit, not even a job! The deal had no risk to speak of! I never took possession of the house, interest passed directly from the original owner directly to my investor/buyer and around me!

If the house needed repairs, then guess what, my investor/buyer will be the one to do the repairs, NOT ME! If the house is going to be rented out to tenants, that burden is also the new owners baggage and not mine!

What I probably like the most is the fact that I didn’t need any of my own money to structure this deal! Now, you may need a small deposit to hold the house when you write the sales contract with the motivated seller. I usually give a deposit of $100.00 or less (security deposit) to make the sales contract legally binding, and that’s it! That’s all the money I’ll need to put this deal together! On many occasions I have put down just $1.00 to secure the sales contract! Motivated sellers don’t look for big deposits!

These are not conventional agreements, in which we are the end users of the real estate we are hiring. We don’t go to the bank and try to get a mortgage on these houses. So we’ll never need the traditional 10-20% initial deposits that regular buyers have to make! The guy doing that in this example deal is our investor/buyer! Is this starting to make sense?

Look, I’ve done this over 450 times in 7 years! I have an exact science that I adhere to too! I have built a “wholesale/flipping machine” that keeps turning out deal after deal for me.

How much do these assignment fees pay? Well I average $7,500.00 per deal! Now let’s put this dollar amount into perspective: 1 deal per month @ $7,500.00 = 12 deals per year = $90,000.00 per year 2 deals per month @ 7,500.00 = 24 deals per year = $180,000.00 per year 3 deals per month @ 7,500.00 = 36 deals per year = $270,000.00 per year 4 deals per month @ 7,500.00 = 48 deals per year = $360,000.00 per year.

A professional wholesaler can easily do 50 to 75 a year. A part time wholesaler can easily do 6 deals a year with no problem (1 deal every 2 months!) That’s still an extra $45,000.00 per year! What would that do for the lifestyle of the average American each year?

I don’t know of any other business that has ZERO RISK involved in the learning curve period, that has the ability to yield this type of income! Is incredible!

I finished high school with a “C” average and never earned a college degree. So I’m just the average guy, with average intelligence. If I can do this, I bet you can too! Some days I still can’t believe how profitable this business is! I personally know several wholesalers in my market who make over $500,000.00 per year selling wholesale homes full time! That’s more than most surgeons and the President of the United States make! Amazing, right!

Who should wholesale houses for a living? Well, ask yourself the following questions and see how it goes:

* Am I the type of person who likes to forge their own path in life?
*Am I a leader and not a follower?
* Am I the type of person who likes a personal challenge?
* Do I usually finish what I start or give up when I hit the first hurdle?
* Can you imagine having and doing the best things that life has to offer?
* Do you want to retire before your head?
* Do you want more time to enjoy family, friends and life?

If you answered yes to most of these questions, you are a solid candidate for the wholesale real estate business model! If this is the first time you’ve heard of “real estate wholesale,” then you need to learn more about how you can start using this investment system to change your financial outlook right away!

Wholesale real estate, wholesale real estate, wholesale real estate, say it over and over again until it’s embedded in your subconscious mind! It’s the lowest risk, fastest paying style of real estate investing any new investor could ask for!

Visit: WholesalerSmarts.com for more information on wholesale home sales.

“Life is changing great!”

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