In Real Estate, people think they need loads of investment to enter this business because purchasing anything requires money. Purchasing Real Estate requires even more money than any other stuff because buying any home or empty land is difficult. People save tons of cash to purchase a home or land. The housing market has also seen a rise in prices after COVID stability. Newbies needing more money to invest never see a chance to enter this business and make money. This article is for newbies who need more resources to get started.
Reading this article will solve your problem because we’ll reveal a Real Estate business strategy requiring almost no investment but good profit in return. You can make quick cash with a tiny investment. The business model is Real Estate Wholesaling. You must know What Real Estate Wholesaling is before moving further.
We’d start this article with the basic definition of Real Estate Wholesaling. Later we’d discuss the Real Estate Wholesaling Process, its PROS, CONS, and How To Find Real Estate To Wholesale. The Frequently Asked Questions (FAQs) will also be discussed. So this will be a longer article because we’re giving an Ultimate Guide on Real Estate Wholesaling. Let’s start this without any delays.
What is Real Estate Wholesaling?
Real Estate Wholesaling is a process where a wholesaler acts as a middleman and convinces the motivated homeowner to sell his property. Commonly the properties these wholesalers look at are distressed. The homeowner wants to avoid spending extra cash to repair that property because he doesn’t need it anymore. He quickly gets convinced by the wholesaler. That’s why the homeowner shifts temporary control to the wholesaler by putting his property under contract.
The wholesaler typically does not take the property’s ownership but works to find a buyer and negotiate a purchase price. The wholesaler connects the buyer and seller through the contract he signed with the homeowner. The seller gives him the complete authority to sell his property on his behalf. He earns an astonishing amount when the deal between these 2 parties gets closed.
The seller doesn’t have to work to find a buyer. And the buyer doesn’t have to manually drive his car and look for distressed properties. They get the entire information on a silver plate. And wholesalers play a significant role in connecting these parties. A wholesaler earns an astonishing amount by doing this duty. He doesn’t purchase the property but assigns the contract to another end buyer. And because he has helped a motivated buyer discover a property below the market’s value, he gets a good commission. That’s what this Real Estate Wholesaling is. I hope you have understood the basic definition, but we’d also explain this with an example.
Real Estate Wholesaling Example
We want to explain this with an example if you can’t understand its definition. Suppose I am a wholesaler thinking about wholesaling a property. I’ll work hard to find a homeowner who has a distressed property and is motivated to sell his property because he has no resources or time to repair his property and sell it at a higher price. We’ll also mention the strategy of finding motivated sellers after a while, so don’t worry.
I’ll reach the homeowner to convince him by putting his property on my contract. I’ll negotiate the price with the homeowner. And the price would be lower than the market’s value because the homeowner wants to get rid of it, and it requires maintenance. The homeowner will put his property under contract if I convince him. The main thing was the contract. Getting a contract is the real challenge that I’ve completed. Shifting that contract will be easier if I succeed in finding a motivated buyer.
I’ll now work hard to find a motivated buyer and reassign the contract to him. I’ll get my fees from the buyer because I have helped him find a property whose price is below the market’s value. And my commission will be given to me once the end buyer has closed the deal with the homeowner. That’s what this Real Estate Wholesaling is. I hope you have understood the entire scenario with this example. We’ll discuss How To Wholesale Real Estate right now.
5 Steps To Wholesale Real Estate
Wholesaling Real Estate seems easy to listen to, but its practical implementation requires blood and sweat. It is a simple process to read. All you have to do is to locate a distressed property, calculate the ARV and MAO, approach the seller to give an offer, take that property under your contract, reassign that contract to another end buyer, and close the deal between these 2 parties to get a commission.
That seems like this, but its execution takes more work to complete. You’ve to face numerous hurdles to accomplish this execution entirely. We’re about to give an in-depth explanation of Wholesaling Real Estate. So let’s start digging into its process without further delays.
Conduct Research To Find The Property of a Motivated Seller
The first step is researching and looking for properties of motivated sellers. Neighborhoods can be your best targets because you have some idea about the people in your area. You can also target other places to find such properties. Here’s how you can find properties whose sellers are motivated.
Take Our Help: Lert Skip Tracing helps investors and wholesalers. We have an extensive list of leads helping you connect with motivated homeowners willing to sell their properties quickly. Our contacts with homeowners having Distressed Properties are extensive. There will be no need to do manual contact with the homeowners because we can significantly help you connect with homeowners having such properties. You can contact us and order your leads whenever you want. We’d always satisfy our clients because we have received positive feedback from our previous clients.
Search Online: Look at websites listing foreclosure and distressed properties. Typically homeowners having distressed properties get convinced quickly. Some homeowners don’t want to face foreclosure. Hence they are willing to sell that property below the market’s value. Foreclosure and Realtor are the best websites to find your targets.
Search Public Records: Properties with delinquent taxes or liens can also be the best targets because the homeowners haven’t paid taxes. You can benefit from that opportunity by contacting those homeowners. Contact them and ask them if they agree to sell their property below the market’s value.
That’s how you can find properties fulfilling your criteria. You can follow these 3 ways to find properties for wholesaling. You can easily find distressed properties using these 3 strategies. Finding a property isn’t the real challenge, but convincing the homeowner to sell his property below the market’s value is the real challenge in Wholesaling Real Estate. You can successfully wholesale the property by reading our article. Let’s continue toward our second step.
Discover ARV (After Repair Value) and MAO (Maximum Allowable Offer)
ARV Discovery is the 2nd step after the homeowner with a distressed property is located. ARV Stands For After Repair Value (The Property’s Value After Repair), and MAO Stands For Maximum Allowable Offer (The Price You Would Offer To The Homeowner). These terms are important to discover because giving wrong numbers can disrupt the deal. It would be best to discover the finest ARV and MAO before offering the homeowner any price. Here’s how you can calculate a Home’s ARV.
There are numerous ways to calculate a Home’s ARV, but focusing on the essential repairs must always be remembered. Here’s how to do this:
- Research the market by looking at other properties in the same area to know the average selling price of other houses.
- Make a complete list of all necessary repairs, including plumbing and electrical, after knowing the approximate house value in the area where you are trying hard to pitch the homeowner.
- Estimate the cost required to do the necessary repairs. Use online cost calculators or hire a contractor to do this work manually.
- Finally, include the repair cost and find out the appropriate number.
That’s how you must calculate the repair cost to get the best ARV (After Repair Value). Always pay attention to every single thing when doing this task because showing laziness will cost more than you expect. That was about discovering the ARV, but MAO is still left. Don’t worry because we’ll also cover that step.
We’ll help you understand the MAO process with an example. Suppose I am a Wholesaler who has located one distressed property in any area where the average selling price of a single-family home is $170,000. I’ll make a complete list of the necessary repairs, and the expected cost for completing the repairs. Suppose the repair cost is $21,000. I’ll now apply a formula to discover the MAO when I have the ARV and Repairing Cost in my mind. Here’s what I would do:
ARV x 70% – Repair Costs = MAO
That’s how the MAO will be discovered. In this case, the appearing MAO will be:
$170,000 x 70% = $119,000 – $21,000 = $98,000 (MAO)
The number I would give to the homeowner will be $98,000.
I have followed the 70% Rule by multiplying the ARV by 70%. I’ll explain the 70% Rule in the FAQ section, so don’t worry about that. This 70% Rule only works sometimes because seeing the market condition is necessary. I’ll explain this after a while.
The remaining 30% will not be earned directly because you still have to find another investor to whom you must assign the contract. I’ll also explain this point after a few seconds. This part will come when you’re negotiating with the investor. I’d use this same example to help you understand the profit scenario, but let’s start with the 3rd step.
Contact The Seller To Put His Property Under Your Contract
Convincing the homeowner is the most important objective. Convincing the homeowner would only be possible if you explained your role as a cash buyer. Here’s how you can do this:
Explain Your Role as a Cash Buyer: The first thing is explaining your role as a cash buyer. Reach out to the homeowner and explain that you are a cash buyer who wants to purchase your property. Behave well with the homeowner to get the deal done.
Give Them a Price Below The Market’s Value: The 2nd thing is to give them a price below the market value. You can’t give them a market price because you only make money by assigning the contract to another investor. That is only possible when you have convinced the homeowner to sell his property below the market’s value. You either follow the 70% Rule or offer a bit more, never consider giving the market price. Otherwise, your commission will fly in the sky. This one is the most difficult task because your entire game depends on the price you decide with the homeowner. It is your success if the homeowner has given his property below the market’s value under your contract. That’s when these Wholesalers make money.
Offer a Contingency Period: Doing this would positively impact the seller’s mind because the seller will get hopeful of backing the contract if he changes his mind. This will also positively impact your portfolio because the homeowner will not feel bound under the contract and will be confident to withdraw the agreement after a particular time.
Build a Rapport: This is recommended because building a rapport with the seller will make him comfortable working with you. He won’t hesitate to give his home under your contract if you succeed in making a good rapport with him.
Following these 4 steps will help put the distressed property under your contract. Indeed the contract will be signed between you and the seller by following these directions carefully.
Find a Cash Buyer To Negotiate The Price
You still have to find another buyer to whom you can assign the contract and earn your commission. Finding a cash buyer for closing deals is easy if your previous steps are respectable, like if your ARV is 90-100% accurate. To find a cash buyer for your wholesale property, here are the steps you must follow:
Share on Social Media: Social Media will be the best place to find buyers because you’ll sell the property below the market’s value. The buyers would approach you because you’re offering them a property whose price is below the market’s value. Join Facebook Groups where properties are sold. Post your property with every detail until a buyer approaches you.
Use Online Real Estate Marketplaces: You must use this if you haven’t found success through Social Media. List the property on Real Estate Websites or Multiple Listing Services (MLS) to reach a wider audience. Hopefully, you’ll get a buyer from there, if not from Social Media.
Network With Other Real Estate Professionals: Reach out to agents, contractors, and investors interested in purchasing the property. Agents and Contractors won’t purchase the property, but they have some investors in the network to whom they can pitch that property. This would greatly help you.
Advertising in local publications or hosting an open house is also another best way to find buyers for your wholesale properties. Hopefully, you’ll find the buyer through Social Media or Listing Your Property on Real Estate Websites.
After the buyer has been located, negotiating the price with the buyer is necessary. We’ll use the same example of the single-family home whose ARV was $170,000 and $21,000 was its repair cost. The MAO we got was $98,000. Suppose you succeeded in putting that property under your contract for $98,000. Here’s how you would negotiate with the buyer.
$170,000 is the total amount, out of which $21,000 will be spent on repairs. You have got the property under your contract for $98,000. We get $51,000 divided between you and the next investor after subtracting the repair cost and the amount paid to the homeowner. It means $51,000 is the remaining amount from which the wholesaler will earn a commission. Asking the buyer to give a $21,000 commission would be great because the buyer saves $30,000 on a single property. He would happily give a $21,000 commission because you have helped him discover the property below the market’s value. You are saving his $30,000 on a single property. Why would he not give $21,000 or at least $17,000 commission?
That’s how you must negotiate with the buyer. Another way of getting paid is to take a fixed commission. This fixed commission doesn’t pay more because you are paid a particular amount. Negotiating the price with the buyer may help you earn more because the buyer might agree to give the hoped commission. That’s how you would negotiate with the buyer once he has been located. It is time to reassign the contract after a commission price is decided.
Reassign The Contract To Another Cash Buyer
It is time to reassign the contract once a cash buyer for your wholesale property is located. You would be lucky if you reached this step. Here’s how to reassign the contract to the buyer.
Review The Contract: Ensure the contract includes all necessary details like purchase price, closing dates, and contingencies.
Negotiate With The Terms of The Reassignment: Work with the buyer to finalize the terms, including the purchase price and contingencies.
Draft a New Contract: Create a new contract that outlines reassignment terms, including the purchase price and contingencies.
Have Both Parties Sign The Contract: Ensure both parties have signed the contract to legally transfer the rights to the property buyer.
Coordinate The Closing: Schedule a closing date with the necessary parties like attorneys and agents, and ensure that all the required documents are gathered and prepared.
Attend The Closing: Attend the closing to sign the necessary documents to finalize the property transfer to the buyer.
The last step takes time but requires less hard work than all other steps. Reassigning the contract will be easier if the buyer and seller coordinate well. After this gets completed, collect your fees and look for another property for wholesaling. Repeat it until you are a millionaire.
That’s how you would Wholesale Real Estate. We’ve explained the 5 essential steps to do this task with ease. Following these exact 5 points will help you close deals with endless motivated sellers and buyers. We’ll reveal the PROS and CONS of Real Estate Wholesaling right now.
Real Estate Wholesaling PROS and CONS!
We want to reveal the PROS and CONS of Real Estate Wholesaling. Before starting your career as a Real Estate Wholesaler, you must know about the advantages and disadvantages. Deciding to step inside this business without knowing the PROS and CONS isn’t recommended. Read the PROS and CONS to get a complete idea about this business.
We have got 6 PROS (Advantages) of Real Estate Wholesaling. A wholesaler must expect these 6 advantages when considering starting his career as a Real Estate Wholesaler. Here are they:
- Low Risk
- Quick Money
- Low Investment
- No Credit Scores Required
- No Cost of Property Renovation
- No Need For a Real Estate License
These are the 6 PROS whose in-depth explanation will be given right now. We want to mention the CONS. Later, an in-depth description of both these things will be provided.
- High Competition
- Unpredictable Income
- No Control Over The Property
- Dependence on Buyers and Sellers
A wholesaler must be prepared to face these 4 CONS before taking steps into this business. Real Estate Wholesaling also has PROS and CONS, like other businesses. Every wholesaler works hard to earn money because nothing comes for free.
Real Estate Wholesaling PROS Explained
We’ll give an in-depth explanation of the 6 PROS we mentioned before. Let’s start with our first revealed PRO, “Low Risk.”.
Low Risk
The first blessing a wholesaler gets is no risk. A wholesaler can fearlessly start looking for properties and work with motivated sellers to put those properties under contract and reassign that contract to the end buyer. The seller gives him temporary authority but no home ownership. The wholesaler is not responsible for anything. He only has to find a buyer and reassign the contract to him. This freedom makes wholesalers confident. That makes the wholesaler work confidently because of no risk.
Quick Money
Wholesalers can earn quick money after closing a single deal. They are paid well when the agreement between the seller and buyer gets completed. The real challenge is convincing the homeowner to give that property under his contract. A wholesaler can easily find a motivated buyer and convince him to buy that property because he is offering a property below the market’s value. Every investor wants to grab properties whose prices are below the market’s value. Thus, they pay the wholesaler a good amount because he has helped them to find a property below the market’s value. And a wholesaler earns quick cash when he completes this task.
Low Investment
Starting your career as a Real Estate Wholesaler doesn’t require much cash. Real Estate investors have invested millions of dollars in purchasing Real Estate, but wholesalers don’t need to have millions of dollars in their pockets to start this business. The only thing a wholesaler pays for is the paper agreement. This costs them little cash.
Your contracts with motivated sellers are made in a few hundred dollars, and you come in the position to earn thousands of dollars when the property comes under your warranty. Suppose the property under your contract gets sold in 3 months. How much profit will you make? Well, that depends on the property’s price, but the payoff is undoubtedly in thousands of dollars, whereas you invested a few hundred dollars. What more do you demand as a Real Estate Wholesaler?
No Credit Scores Required
It doesn’t matter whether your credit scores are bad or good. You can still start this wholesaling business because there is no need to display credit scores. Signing a contract with the seller doesn’t require any resources or credits. The main thing is the contract. The homeowner of the distressed property will not see your credit scores because he wants to get rid of that property quickly. So no good credit scores are required to start working as a wholesaler. You need satisfactory communication skills to convince the sellers to sign the selling contract.
No Cost of Property Renovation
A wholesaler doesn’t need a single penny to renovate or repair the property because his work is to reassign the contract to another end buyer. That end buyer will then repair and renovate the property for flipping, but the wholesaler will not pay a single penny to repair anything because he has no concerns with that. His only work is to locate a distressed property, calculate ARV and MAO, contact the homeowner to convince him to put his property under his contract, and reassign that contract to another end buyer. The end buyer will complete the rest of the work. A wholesaler doesn’t have to look at anything related to that property. He only helps another investor to discover a property below the market’s value. He gets paid for doing this task.
No Need For a Real Estate License
The last benefit a wholesaler can expect is no requirement for a license. A Real Estate license for wholesalers is optional. Some states have restricted the wholesalers from starting this business without licenses, but almost every state within the US doesn’t ask for permits. Wholesalers can comfortably begin working on their next project without fear of license.
These were the 6 PROS a wholesaler experiences when starting his career as a wholesaler. These are more than enough. You can fearlessly step inside this Real Estate industry and make quick cash. Later, you can invest that earned amount in some big Real Estate projects.
Real Estate Wholesaling CONS Explained
Let us discuss the 4 CONS a wholesaler must be prepared to face.
High Competition
This business requires little investment to start. Do you think you are the only one thinking about starting this business? I don’t think so. You have to compete with numerous other wholesalers because everyone who has no cash in their pockets but is considering stepping into the Real Estate business will consider becoming a Wholesaler. So there is high competition in the market.
Homeowners with distressed properties get your offers, but numerous other wholesalers also approach them by offering more prices than others. Those homeowners will only sign contracts with wholesalers who give them the highest digit. It would be difficult for you to compete in increased competition. Your conversion becomes complicated when multiple wholesalers are approaching the same property owner.
Unpredictable Income
This one has disappointed many wholesalers. No matter whether you succeed in putting any property under your contract. What would you do when you have a property under your contract but are still looking for a buyer? This case doesn’t happen in your 9 to 5 job. You at least hope to get paid after 1 or 2 weeks.
In Real Estate Wholesaling, this scenario only works sometimes. Sometimes you get motivated buyers to close the deals, but not every time. Motivated buyers are not waiting for you to show up and show the distressed property under your contract. You’ve to be patient and satisfied when you cannot find an end buyer on time. So no income or commission comes into your pocket when your contract gets a timeout.
No Control Over The Property
You don’t have control over the property because the seller has given you the authority to sell his property on your behalf. He hasn’t given you the ownership. This makes your hands bound. You can’t do anything when the end buyer doesn’t act upon your expectations. You can clear the doubts of the end buyer you are working with, but you don’t have any authority to control the property. This can trouble you sometimes.
Depending on The Buyers and Sellers
You’re dependent on the buyers and sellers in this entire process. Suppose I have seen one distressed property. What would I do when its homeowner is motivated to sell but isn’t satisfied with my proposal? You’d be disappointed because you spent some energy finding the distressed property, calculating its ARV, and contacting the seller, but you still need a green signal.
The second case is with the buyer. What would I do when I haven’t found a buyer at a particular time? Suppose my contract ends in 30-45 days. What would I do when I failed to find a buyer at that particular time? This one disappoints the newbie wholesalers. The homeowner would not sign the contract again if you failed to find a buyer at a particular time.
These were the 4 CONS a wholesaler must be prepared for. We’ve briefly explained the CONS without missing anything. Hopefully, you’d always be satisfied by reading these CONS because every business isn’t straight. Wholesaling Real Estate also has some PROS and CONS, like other businesses.
Real Estate Wholesaling VS Flipping
This question also confuses the wholesalers. Clearing this issue is also necessary. Real Estate Wholesaling and Flipping are 2 different business models. Both these business models are followed to make some profit, but there are some differences between them. You must know them to clear your confusion.
Purchasing The Property
In Wholesale Real Estate, the wholesaler contracts with the motivated seller and assigns that contract to another end buyer. A wholesaler never takes any ownership of that property. He only uses that contract to show his temporary authority over the property. Later, that contract is then reassigned to another end buyer. A wholesaler doesn’t even give a single penny to repair that property. The end buyer repairs and renovates the property for flipping.
In contrast, House Flippers have to purchase the property. After purchasing, they repair and renovate those properties to get profits, whereas Wholesalers don’t improve properties. The buyer only pays them because they have helped them discover a property whose price is below the market’s value.
Risk
The 2nd thing is the risk involved. Real Estate Wholesalers don’t have to worry about any danger because they don’t own the property. In contrast, House Flipping is riskier because the investor is responsible for rehabilitating the property. He has to invest money to purchase and repair the properties. What would a House Flipper do when he isn’t getting enough profit from his investments? He would have to hold the property until he gets a reasonable flipping rate. Until then, his entire investment is at risk, whereas wholesalers don’t even have property ownership. They make money by reassigning the contract. So that’s the risk difference between Wholesaling and Flipping.
Profit Margins
This one is where House Flippers are more victorious than Real Estate Wholesalers. The buyers award wholesalers a particular amount because they have helped them discover a property below the market’s value. That award isn’t in millions of dollars because a small percentage is awarded to the Wholesaler. House Flippers have more profit margins than Wholesalers.
Suppose I am a House Flipper who has purchased a property for $150,000. I’ve spent $15,000 on repairs. The total amount that property cost me is $165,000. What if I got an offer to sell that property for $250,000? I’ll get a profit in thousands of dollars. We’ve seen numerous House Flippers profiting $100,000 from a single property. So the gain in House Flipping is 100x better than Real Estate Wholesaling.
So that’s the difference between House Flipping and Real Estate Wholesaling. Deciding the winner is your responsibility. People with fewer resources can start their businesses through Real Estate Wholesaling. Otherwise, you can also begin the House Flipping business if you have enough resources to purchase a home, repair a home and hold your cash until the property gets flipped.
Frequently Asked Questions
We’d now answer the frequently asked questions. People need some clarification about Real Estate Wholesaling. That’s why they ask multiple questions. We’d briefly address those questions to clear our reader’s confusion. So here is the first and most confusing question people ask us.
Do I Need a Real Estate License To Be a Wholesaler?
That’s the question numerous people ask before jumping into this business. So the answer is simple.
Most states don’t require this because you’re acting as a middleman. You don’t have any control over the transaction. You’re only assigning your contract to another end buyer. So no need for a license in most states. It is recommended to check with a local attorney because some states require a Real Estate license.
What Does a Wholesaler Do in Real Estate?
A wholesaler acts as a middleman between the seller and the buyer. He finds a distressed property whose seller is motivated to sell his property below the market’s value. A wholesaler then signs a purchasing contract with that homeowner and reassigns that same contract to another end buyer. He gets paid for reassigning the contract to another end buyer because he has helped a buyer discover a property below the market’s value.
Do You Need Any Money To Wholesale Real Estate?
You don’t need thousands of dollars to purchase the property. You only need to put a property under your contract. The seller will not give any ownership to you. He will only make you his frontman to help sell the property. The only place where you need money is when signing the contract with the homeowner. This costs slightly less than buying any property or empty land.
What is The 70% Rule in Wholesaling Real Estate?
The 70% Rule is the amount you offer to the homeowner. Suppose you have located 1 distressed property whose expected average price will be $100,000. The cost spent on repairs is around $17,000. You discover the MAO by following the 70% Rule. Here’s what you would do:
Multiply the ARV by 70% and subtract the cost of repairs. In this case:
ARV x 70% – Repair Costs = MAO
$100,000 x 70% = $70,000 – $17,000 = $53,000
You’ll only pay $53,000 to the homeowner for that property if you follow this 70% Rule. There is no 80% Rule, but you’ve to put 80% of the price in the contract papers to convince the homeowners because most homeowners don’t get convinced by 70%. Here’s what would be the expected number of 80%:
$100,000 x 80% $80,000 – $17,000 = $63,000
Here, you’d be giving $63,000 to the homeowner minus the $17,000 for repairs. After you locate the buyer and negotiate your commission amount, the rest will be decided. That’s what this 70% Rule is. I hope you have understood the entire scenario.
The 70% Rule is only successful sometimes. Seeing the market condition of the nearby houses is essential. You can only convince the homeowner sometimes with this 70% rule if the market condition is cold. Offering a 70% rule in hot markets isn’t good because your competitors may offer more than 70%. So applying this rule is only recommended when the nearby market is cold.
Is Real Estate Wholesaling Better Than Flipping?
Real Estate Wholesaling is only better than Flipping when you don’t have the resources to purchase a property, repair and renovate it, and flip it for profit. We recommend starting the Flipping Business if you have resources, but if you lack them, practice being a Professional Real Estate Wholesaler because it doesn’t require a million dollars of investment, whereas Flipping does.
Can You Make a Million Dollars Wholesaling Real Estate?
It depends on the conversion ratio. Some wholesalers succeed in locating a buyer and reassigning the contract before the contract gets a time-out. Others take months to find a buyer but fail to locate one. Hence, the contract gets out of time, and you can’t make your commission. Wholesalers whose contract never gets a time out can make millions by wholesaling at least 30-45 properties (Depending on the commission amount). But wholesaling these many properties can take time. We can say that a struggling wholesaler who doesn’t step into any other Real Estate business can make this amount.
These were the 6 Frequently Asked Questions that we’ve addressed. I hope everything is well covered in our Ultimate Guide To Real Estate Wholesaling. We haven’t left anything for our readers.
Final Words
So that was the Ultimate Guide To Real Estate Wholesaling. We’ve covered the basic definition of Real Estate Wholesaling, 5 Steps To Wholesale Real Estate, Real Estate Wholesaling PROS, CONS, and 6 Answers To The Most Frequently Asked Questions. Everything is covered in this ultimate guide. Drop a comment in our website’s comments section if you have questions about Real Estate Wholesaling. In the upcoming articles, we’ll cover FHA, USDA, and VA Loans. So remember to visit our website because we’ll publish Ultimate Guides on Home-Buying Loans.