We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
June 25, 2022, 11:59:30 am
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
June 25, 2022, 11:59:30 am
Home Help Search Calendar Login Register

Author Topic: wholesaling newbie what is wholesaling  (Read 3457 times)

Offline hrd3kids

  • Member
  • *
  • Posts: 1
wholesaling newbie what is wholesaling
« on: July 15, 2007, 09:11:27 pm »
 Newbie   What is wholesaling
« Last Edit: July 15, 2007, 09:13:37 pm by hrd3kids »

Offline ericmedem

  • Member
  • ****
  • Posts: 873
    • Real Estate Wholesaling Guide
Re: wholesaling newbie what is wholesaling
« Reply #1 on: July 16, 2007, 06:34:24 am »
Short answer

Find a home undervalue, assign the contract to another buyer, or use a back to back closing with another buyer, or sell the home to someone else at a wholesale price.

Steps to wholesaling

1. Build buyers list
2. Find motivated sellers
3. Put home undercontract with an escape clause
4. Get your buyers through
5. If they like the home assign or put a contract on the home with them
6. Get enough earnest money to cover any losses that you may suffer if they fail to follow through on their end
7. If they dont like the home then get out of the contract using your escape clause

That is the short description DO NOT COMPLICATE it.

I know that this is how it is done because I have done it to generate over $200k in profits.
http://www.InvestorsPlayground.com Now FREE!  Just type in your email so I know where to send your FREE 1471 Page Investors "Holy-Grail".  (It's NOT $97 anymore)

 




SMF 2.0.15 | SMF © 2017, Simple Machines