Wholesaling is a great entry point for many would-be real estate investors. Wholesaling is a great way to learn the craft of real estate investing while making money. It involves finding under-valued properties and either selling them outright or assigning the contract to a buyer - all without doing any repairs to the property.
The first step in mastering the real estate investing industry is to become a successful real estate wholesaler. As a result, it will be necessary for investors to maintain a high level of industry knowledge. After all, it will most likely be their first exit strategy.
The first step that investors must take is to become intimately acquainted with the industry. This entails learning the terminology, processes, and systems, as well as the intricacies of everything. However, perhaps more significantly, real estate wholesalers will have to develop a reliable network.
Remember that buyer's list we discussed earlier? When allocating agreements and conducting double closings, it will be critical. Remember that real estate is a people business, and the people you work with cab make or break your success as a wholesaler. Making the right offer is one of the most important skills you will acquire over time.
Lastly, according to Jd Esajian's new article. "not every day is going to go according to plan. Not every item on your real estate wholesaler to-do list will be checked off in the course of a 24-hour period.
So does wholesaling real estate work?
Yes, and the more you can strategically plan your days around high-impact activities that directly move your real estate wholesaling career forward. You’ll find not just your investing career improves — so does your ability to be productive. No matter what the day throws your way."