Wholesaling is a popular real estate strategy, and it’s one that I believe should be in every investor’s toolbox. In its simplest form, wholesaling is buying a property at a deep discount and then selling it to someone for a higher price.
Now you might be wondering, what are the traits of a successful wholesaler and what exactly does someone need to know to be successful at wholesaling?Before we dive into that, let’s talk a little bit about how investors chose their investing strategy.
I have been investing in real estate for a long time now; two decades to be exact. However, it was almost a decade before I started wholesaling houses. It took me a while to wrap my brain around the concept of wholesaling. The process can be somewhat bewildering if you are new at real estate investing, so I hope this article will simplify the process for you. Wholesaling is just one of the many strategies that you can use to buy and sell property. It is by far the quickest way to make some fast cash.
If you need some help talking to sellers when you get them on the phone, I have a free resource for you at the end of this article. Grab my Property Information Form and you'll never dread talking to sellers again.
I have a wholesale case study for you today. I love doing case studies, because you have the opportunity to learn from someone else's success (or failure). In this case, we are definitely talking about success. Chicago investor Kevin Fourte was a student in my probate course Probate Investing Simplified. I have gotten to know him and also learn about his real estate investing business.
In today's show Kevin shares the details of one of his most recent wholesale deals. Kevin owns several businesses, and his real estate business is just one of them. Real estate provides him with a very lucrative stream of income.
Whenever you have the chance to learn from a case study, it's definitely worth the investment of your time.
Here's the Video Interview – Wholesaling Case Study with Kevin Fourte
You Can Listen to the Podcast Here – Wholesaling Case Study with Kevin Fourte
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Today we’re going to dive into the smart way to build a wholesaling business.
My guest is Indianapolis investor Brett Snodgrass from Simple Wholesaling. Brett is a business man, a husband and a dad. He has built an impressive wholesaling business. If you've ever thought about wholesaling or how to build a real wholesaling business, this show is for you. You will also learn why Brett chose this strategy.
I closed on 2 wholesale deals a while back, and today I have the tale of 2 wholesale deals. I thought they would make a good case study today.
You put deals together based on what you hope will happen. However, smart investors always have written contingencies for the things that “could happen”. Wholesale deals sometimes have unexpected surprises.
These 2 wholesale deals were quick closings. They were 12 days start to finish. Both houses were purchased from the same motivated seller as part of an estate. The man was unemployed so he was thrilled to close so quickly. At this point, I was thinking this deal was going to be pretty painless.
I might add that his dad had passed away, add he opened the estate the next day after he died. Before planning the funeral. That pretty much sums up how he felt about his dad. He wasn’t shy about saying he couldn’t stand his dad and he was only interested in the money.
Today we’re going to talk about the difference between birddogging and wholesaling, and why birddogging is a great way to transition into wholesaling.
I’m happy to have Marcus Maloney back on the show to dive into this topic. Marcus is a 3rd generation real estate investor that moved across the country and had to start all over in a new area. This is definitely an interesting story about starting over.