Learn Real Estate Investing Frequently Asked Questions

What is Wholesaling?

Merchant middle man who sells mostly to retailers, other merchants and commercial users. Mainly for resale or business use. My definition of wholesaling is simply being the middle man between the seller and the landlord, rehabber and developer to whom we supply inventory. An example is one of our Baltimore properties that was purchased after negotiations for $8,000. We originally started the negotiations at $20,000 but after we negotiated it down to $8,000, we were able to sell it to a landlord for $28,000. Buy low sell medium that is the bottom line. This is a quick example of what wholesaling is, simply putting yourself in the middle of a transaction. Wholesalers pass on good profits to their clients who are landlords, rehabbers and developers.

Why do Wholesaling?

Wholesaling is the least risky, most completely effective way to learn the necessary aspects of investing. Think about it. This is a great way to learn about rehabbing, landlording, negotiating, and finding leads. All without get getting a loan. You can make 5, 10, 20K, or more in profits without lifting a hammer. Again, with wholesaling IT IS NOT necessary to find hard money, take out the equity in your home, or use up your 401K or IRA money just to do a deal. Wholesaling is a great way to make cash immediately in real estate.

Is Wholesaling real investing?
Of course it is. You are using the purchase and sale of real estate to make lot and lots of money!

Is Wholesaling legal?

Yes it is legal. Remember it is simply learning how to skillfully be the middle man in a business transaction. This is the beauty of doing business in the USA. Free enterprise. If you can talk, and care about the seller you can make a lot of money doing wholesaling and quickly.

Can you do Wholesaling in nice neighborhoods?

Yes, in fact I began my wholesaling career in an upscale neighborhood. Wholesaling is possible anywhere.

Can you really make money only Wholesaling?

Absolutely! You can make a ton of money doing only wholesaling, however wholesaling doesn’t provide residual or passive income. You have to recreate your wealth with each and every deal. It is the wise person who invests their money from wholesaling to create passive or residual income.

What if I don’t have good credit…Can I still Wholesale?

You can wholesale with bad credit, or no credit. You don’t need bank loans or the use of your 401K, or IRA’s.

Do you need a lot of money to get started as a Wholesaler?

You do not need a lot of money to begin investing as a wholesaler.

Do you need an agent to help you Wholesale?

No. But it is good to have an agent on your team as we mentioned earlier.

Do you need a license of any kind to Wholesale?

No.

Do you need state permission or certification classes to Wholesale?

No.

I still have a full time job, can I Wholesale part time?

Yes, most of our students wholesale on a part-time basis. In fact we suggest that you gradually work up to doing it full time.

Is there enough money in Wholesaling to do it full time like the other types of investing?

Wholesaling is a legitimate and lucrative form of investing. Once you become a skilled wholesaler you can successfully do it full time if you so choose.

Can I still find below retail deals to Wholesale in this market?

There are tons of deals out there! You just have to know how and where to access the TRUE motivated sellers. That is where you will find the deals. In a down market like this…the possibilities are endless.