Invest In Real Estate With Wholesaling

In yesterday’s article on ways to invest in real estate without getting a new loan in your name, I discussed several different strategies for investing where you are not required to get a new loan in your own name.

For those of you that are interested in getting started with real estate investing and do not have 20% to put down or the ability to get an investor loan yet you may want to still get involved in the real estate investing process and earn while you learn. Wholesaling is a perfect fit for earning while you are learning because you get to do all the major processes of finding deals, structuring deals, putting together the paperwork, negotiating, doing your due diligence and selling deals except you are not required to get a new loan and you will ultimately not be the person buying the deal.

In the most basic terms, wholesaling is going out, finding a great deal and putting that deal under contract to buy it or, better yet, getting an option to buy it. Then, you find a buyer who is interested in buying the property and you agree, for a fee, to sell your rights to buy the house to them.

While the mechanics of how that works can vary from deal to deal, seller to seller, buyer to buyer, state to state and closing/title company to closing/title company. See our other articles for more specific detail information or upgrade to Real Estate Investor Bronze Membership today.

Wholesaling though is great for beginning investors. Why? Because it requires absolutely no money for down payments, holding costs, repairs or closing fees. If you are willing to put in a lot of hard work to find great deals and talk to sellers and build your buyers list you can start learning about your market, what properties and sellers are selling for in what neighborhoods, what investor buyers are looking for, build your dream team and network and make some money in the process.

Until my next post,

James

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