Wholesaling, or Assignment of Contract, is a tool that real estate investors at all levels of education and experience often utilize in their businesses. Wholesalers don't typically pay exorbitant amounts of earnest money, obtain financing to close the deal or swing a hammer. A Wholesaler's job is to find, negotiate and contract deals and sell those contracts to, typically, flippers, builders, and landlords.
Does Wholesaling work in our current environment? You bet it does! What about our high-priced housing and lengthy market times, you may ask. What about them? Wholesaling can be a no-to-low-cost way to get started in real estate investing, while interest rates, financial pressures, relocations, and other changing life circumstances continue to create distressed properties and motivated sellers. Wholesalers can turn the right contract into income in days or weeks without high earnest money, financing, repair costs, or the time required to complete and sell a rehab. Sellers may be more inclined to work with a Wholesaler because of their own circumstances. The challenges people encounter don't change with markets. They change with solutions. Do we continuously update our deal sourcing, strategies, and tools to improve our outcomes? Certainly. Real estate investing constantly evolves and the current market is by no means an exception. At the end of the day, everyone needs a place to live. Wholesalers, Rehabbers and Landlords are all integral parts of the housing equation.
Wholesaling is about much more than assigning contracts. Learning how to find, evaluate, negotiate and move a deal forward to closing provides skills you can use whether you wholesale the contract, rehab the property, hold it as a rental or choose another exit strategy. Learn the Wholesaling transaction start to finish at this class including how to recognize opportunities both off and on market. Then decide what you want to do with the deal.
Why do we believe that every residential, multi-family and commercial real estate investor should learn Wholesaling?