Tag Archives: do you need a license to wholesale real estate

Real Estate Wholesaling – How Does it Work and How to Make Money with it

Questions: In real estate wholesaling, what happens if you don’t find a cash buyer within the time the contract is up, or if you don’t find a buyer at all?

This is a good question that most hoodoos would avoid of course.  But it’s a valid questions that will become a challenge in wholesaling real estate for beginners.

Before I answer the questions, I probably should summarize wholesaling real estate step by step into a quick one sentence.  First of, the main purpose is to make money.

How does real estate wholesaling work?  It’s all about buying real estate low and selling high for profit. These profit can range from $2,000 to $150,000.  My highest to date is $82,000 profit from one deal.

As a wholesaler, your job is to find distressed and motivated sellers and give them an offer on their property.  The offer should solve their distressed situation but al simultaneously create equitable interest for you in the deal; win win.

Once an offer is accepted, then you have then sign a contract to sell you the home at a determined price that is at least 35% below the after repair value of the property minus the cost of repair.

Once the contract is signed, from a traditional methods standpoint, you can turn around and find a cash buyer and sell the contract for a fee to the cash buyer or investor.  You can legally do whatever you want with the contract.

There are special wholesaling real estate contracts to be used for this type

Please consult a local attorney in your state on the details as I can’t give legal advices. Hence the question from one of our viewers.

? “what happens if you don’t find a cash buyer within the time the contract is up, or if you don’t find a buyer at all?”  This is in fact a common problem.

There are lots of newbies running around putting properties under contract without the ability to execute fully on it.  While I respect the surge in desire for people to become entrepreneurs, I’d be careful because not knowing what you are doing can cost sellers a lot of heartache and pain.

There are many books, courses and seminars on how to start wholesaling real estate that teaches people to do this.  In fact, I bought my first course back in early 2005.  It spent $3,000 on it.

Wholesaling real estate 101 | Wholesaling houses for dummies

The whole game is about marketing skills.  Finding motivated sellers answereth all in this game.  If your prospect is not motivated enough, you will run into struggles and challenges.  That’s it.

Watch this video for more?

Want to learn how to attract new leads and prospects for your pipeline all online for free endlessly for life?. Attend my free class.
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ABOUT YOUR HOST  ::::|
OLA Tux Abitogun - real estate wholesaling
Ola “Tux” Abitogun is the Creator of myEmpirePRO.  He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents.  He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur.  Most importantly, he is husband and father to their 2 Boys.  The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

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What is Wholesale Real Estate AND The [3 STEPS] Success Formula?

I want to break down Wholesale Real Estate business for you in 3 steps.  By the time you finish watching this video, you won’t have to wait to close a deal to create cash flow.

What is wholesale real estate?  Details Explained in Video

It’s a business model, a sector of real estate investing, that allows you to secure equitable interest in real properties at a discount typically at 65% of the market value or lower, then turn around and sell it to others for a profit.  That’s a quick wholesaling real estate 101 for ya.

There are tons of wholesale real estate books, websites and seminars out there and that has posed to become a challenge like anything in life.  It’s not saturated if you are a master of people and marketing.

Wholesaling Real Estate Step by Step

1. Find a motivated real estate seller who wants to get rid of a property and its liability.  Traditionally, direct mailing, knocking on doors, calling for sale by owners are ways to find them.  In today’s digital market place, those are very expensive strategies.

2. Negotiate an off market discounted deal with seller. 65% price to value ratio or lower. The more motivated a seller is, the easier your life will be.  You can secure these equitable interest with wholesaling real estate contracts.

In this video, I expose and attraction marketing method that makes the motivated seller chase you down.

3.  After negotiation a deal at 65% of the after repair value minus the cost of repair, off investors, cash buyers and sometimes, retail buyers the property at 80-90% of the market value.  Between the motivated seller and the wholesale buyer is your profits which is typically between $5,000 and $30,000.

How to Start Wholesaling Real Estate

First of realize now that the #1 skill you need to learn is marketing.  When you learn how to ATTRACT DEALS (forget finding), there are professionals such as attorneys, title companies, mortgage bankers ready to the paper work and low wages activities.

Do you need a license to wholesale real estate?

No.  However, having an easily accessible license privilege within your team can save you a lot of time.  This is what the gurus teach on how to wholesale real estate without a license.

“Contact local realtors and ask them to send you comps.”  Yea right… as if they are not busy already and they are just waiting for you to call.
There are tons of old knowledge out there like that.  My goal in this free training is to enlighten you on how the digital market space has changed real wholesaling and how to leverage that to your advantage, even for multiple streams of income; enhanced cash flow even if you haven’t closed a deal ever.

ABOUT YOUR HOST  ::::|
OLA Tux Abitogun - what is wholesale real estate
Ola “Tux” Abitogun is the Creator of myEmpirePRO.  He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents.  He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur.  Most importantly, he is husband and father to their 2 Boys.  The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Follow OLA Online Here:

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WEBSITE
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3 Steps – How to Wholesale Real Estate in the DIGITAL Age. Old School Wholesaling is DEAD!

How to wholesale real estate in the digital age is quite different…

…from what gooroos such as Phil Pustejovsky the freedom mentor and Matt of Epic Real Estate investing are teaching.  Everything is different.

While I respect this guys and I’ve actually stand on their shoulders as mentors, I disagree with some of the comments in their recent videos about wholesaling.

How to Wholesale Real Estate Step by Step in the Digital Age

****************
STEP 1 – Online Content Domination 100 for building a buyer’s list, you are not a real estate person.  You are marketing and media company.

STEP 2 – Build a list suckers from the local meetings, you are not selling to them btw. Let the suckers find the deals

STEP 3 – Create partnerships for revenue, you don’t do the dirty work.  let them figure that out.

BONUS STEP – Monetize the List | M.S.I

Watch the video for more?

Here is how to wholesale real estate free training using digital age marketing hacks.  Let others find the deals for and capture the valued attentions when they search on Google.

FREE CLASS ??? http://olatux.com/mastermind
FREE TRAFFIC…FREE LEADS & ENDLESS PAID SIGNUPS FOR LIFE

With no money down or a single penny invested in direct mailing, you can take over your entire backyard and even out of state.  You can even have realtors and savvy sucker fake cash buyer investors beating your doors down just to get access to you, your assets (your real buyer’s list) and your knowledge.

You don’t need no 10 powerful steps, you need digital age marketing skills while it’s still new.  Honestly all marketing tactics become old.  People evolve through technology.

You can start your wholesale real estate business the right way and not the old tired overpriced expensive ways.

With this new wave, you don’t have to deal with contracts, legalities and stupid rules.  You are not really in the business of legal stuff.

Leave that to the attorneys and become a professional media person.  Those are the people making the real money at any level in real estate wholesaling.  People who get good at facilitating opportunities and deals.

Wholesaling Real Estate 101 – Don’t be the sucker at your local real estate wholesaling club.  Don’t be the one begging to shadow investors that are already struggling themselves.

So, do you need a license to wholesale real estate?

Based on the simple fact I just gave you, no you don’t need a license to be a professional medium to making deals happen.  in fact, that’s a minimum wage job.  The average annual income of a realtor is $8,000.

Why?

Because of the tons of websites, PDF’s and books on old school ways of marketing and finding “value attentions” and deals.  Starting today, you know better.

FREE CLASS ??? http://olatux.com/mastermind
FREE TRAFFIC…FREE LEADS & ENDLESS PAID SIGNUPS FOR LIFE

Top Content on Similar Topic
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How To Wholesale Real Estate – Step By Step by cleverinvestor
How to Wholesale Real Estate – One Actual Deal FULLY RECORDED (Step by Step) – FtT #60 by ILove RealEstateStories
How to Wholesale Real Estate Step by Step – Exactly What To Do by Steven Howell II

ABOUT YOUR HOST  ::::|
OLA Tux Abitogun How to Wholesale Real Estate
Ola “Tux” Abitogun is the Creator of myEmpirePRO.  He became a FULL TIME entrepreneur in October 2006.

He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents.  He considers himself a proud Nigerian American.

Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur.  Most importantly, he is husband and father to their 2 Boys.  The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.

Follow OLA Online Here:

Instagram :|: http://instagram.com/iTuxB
Facebook :|: https://www.facebook.com/NetworkMarketing2.0
Twitter :|: http://twitter.com/iTuxB
Snapchat :|: https://www.snapchat.com/add/iTuxB

PODCAST
iTunes :|: http://apple.co/2ktmxnn
Soundcloud :|: https://soundcloud.com/network-marketing-2-0
Stitcher Radio  :|: http://bit.ly/2j56O1N

MOBILE APPS
Apple App Store :|: https://appsto.re/us/NQrM_.i
Google Play Store :|: http://bit.ly/2jpTROo
Amazon App Store :|: http://amzn.to/2ktaA5q

WEBSITE
Personal Blog :|: http://OLATux.com
myEmpirePRO :|: http://myEmpirePRO.com