What is a Real Estate WHOLESALE Deal?

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Wholesaling is one of the most popular real estate investing strategies that help investors make profits quickly. Most wholesale deals don’t require investors to actually purchase the property and go on the title, but there are other ways where that may be needed.

Watch this video to learn more about what wholesaling is and how you can make a profit from it!

Key Talking Points of the Episode

[00:00] Introduction
[00:15] What is a wholesale deal?
[01:09] How can you profit from a wholesale deal?
[01:58] What kind of buyers can you find for wholesale deals?
[02:30] Can you have wholesale operations in multiple markets?

Quotables

“I can turn around and actually just control the deal with a contract to purchase or an option to purchase, then I can assign my rights in that agreement to another party, so somebody just steps into my shoes and takes over that, and all they do is pay me what we call an assignment fee for putting that deal together.”

“Another way that we can wholesale too is we can actually do what we call a double-close. We go in, we can find a buyer, we actually take title to that, and then we immediately sell it to another party.”

“That’s typical wholesale – I’m buying low and selling low, but I’m kinda that middle person, marking it up a little more and still allowing enough meat on the bone for the rehabber or the individual is gonna buy it to rent it out, and that allows them to make money as well.”

“In today’s market, we’re finding that a lot of our buyers too, are owner-occupants.”

“There are a lot of them that are walking around with a lot of cash and I love them even better than the investors because they’ll pay more money.”

“Our path this year and our goal is to add 2 markets per quarter.”

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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

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