🚨 Hands Down the Easiest Way to Make $5K EVERY MONTH! 🚨
Wholesaling Real Estate to Landlords!
I bet you are tired of a 9 to 5. Slaving away working for the big guy at the top, for what? A below-average and barely livable wage? I don’t know about you, but I AM TIRED of working for pretty much nothing.
So I’ve built a business that works. I made changes to my life; I educated myself for years in passive income learning, active income learning, business, finances, and financial literacy, and I finally found the thing that works best for me, and it could work for you too.
👉 The Real Estate HUB/ Discord 👈
Disclaimers!: The Real Estate HUB is a education platform, Furthermore, The Real Estate HUB and its affiliates are not licensed financial advisors or consultants, nor are they lawyers or attorneys at law. The Real Estate HUB is not a licensed real estate broker. Please DYOR and speak to professionals. We claim NO responsibility for any financial investment or legal decisions you make. The Real Estate HUB is an Amazon & Sovrn Commerce affiliate. Some links in this article will take you to Treh.MI favorite products, and we may earn a commission from your purchases at no extra cost to you.
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My main source of active and sometimes passive income is real estate wholesale, & reinvestment is KEY! Every industry has a wholesale part of it, for real estate it’s called wholesale investing. And every business THRIVES on reinvestments into that company.
This is HOW you thrive and survive in the real world. 🌎
What is Wholesaling Real Estate?
Real estate wholesaling is next-level bird dogging; instead of finding an already secured deal, you HAVE the secured deal, as in YOU are the contract signer & holder.
Wholesaling is when you find and secure a distressed property under contract to purchase at a discount below the subject's current market value. Then you find an end buyer; this will be a flipper, BRRR investor, or a retail buyer who is an “owner occupant,” and assign that contract to the investor or buyer for a fee.
The best deals are usually discounted 65% or better!
How do I get my first deal?
There are a handful of key ways to get your first deal. Are YOU ready to go search for them and even talk to people?! Because that’s what it means to be in this business.
Let’s start.
- Driving for Dollars: Drive neighborhoods and list 20 distressed properties (e.g., overgrown lawns) using Google Maps.
- Door Knocking: Visit distressed homes, ask if they’re selling, and leave a note with the Google Voice number; target 10–20 doors weekly.
- Government List Search: Check county websites for tax-delinquent, foreclosure, or probate properties; use Whitepages.com for owner info; compile 10–20 leads weekly.
- Networking: Tell friends/family and post on X/Facebook groups: “Buying houses for cash in [Your City]!” And pitch 5 people daily.
- Cold Calling/Texting: Call/text 20–50 owners weekly from lists using Google Voice; ask if their property is for sale.
You need to find a house that needs the renovations, negotiate a price for that property, and use one of my purchase agreements to secure the deal!
👉 (You can get my wholesale contracts by joining my discord, The Real Estate HUB!) 👈
Say a distressed house was for sale at $100,000. It is a 3/2, 1,500 sqft home that needs a cosmetic update in the kitchen and bath and flooring, with new paint. I would budget $40,000 for renovation.
I would also want to make a $5,000—$10,000 assignment fee, so my offer needs to be $45K to $55K cash. The investor would want to make the same amount as the rehab almost every time.
Here is the offer formula.
(ARV x .9) — REHAB x 2 — Your Fee!. Once your offer is accepted by the seller, you need to send the agreement over through DocuSign or SignNow and lock up your deal.
For on-market properties, you can send your contract to the agent or use theirs; just make sure you send over the terms you need when your offer is accepted and before you sign anything.
What should you do now?
Next, you need to use propwire.com or Propelio.com to find a cash buyer, but this is simple because they give you a “cash buyer” tab/filter; all you have to do is skip trace those leads and SELL YOUR DEAL!
🚨 IT REALLY IS THAT EASY! 🚨
THE TITLE COMPANY
What do they do?
They handle your transactions, assignments, and recordings for any real estate deal you have but just remember they are not transaction coordinatiors, they will not handle your deadlines in your deals.
They contact the seller and the buyer, pull a title report, and more so you don’t have to!
How They Work & Their Fees?
When you submit a purchase agreement to the title company, they require a few things to be done ✅. First, an FSBO packet for off-market sales. This is to be completed and turned in. The FSBO deposit is a $350.00 deposit by check, payable to your title company.
Finding an Investor (Assignment)-Friendly Company: What questions should I ask?
It really isn’t complicated; you just have to ask them if they are familiar with the assignment of contracts. They will say yes or no; if they say no, move onto the next company.
They may be happy to take your money and run the deal, just saying!
Remember to join the Discord
Join me & Invest!
Join me on Chime and get $100.
Sign up for Robinhood with my link, and we’ll both pick our own gift stock worth up to $200 USD! 🎁
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The Real Estate HUB and its affiliates are not Licensed Financial Advisors, Consultants, nor are lawyers or attorneys at law. The Real Estate HUB is also not a licensed broker. Please DYOR and speak to professionals. We claim no responsibility for any financial or legal decisions you make.
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