|If you are just getting into real estate, need to make some extra money, want a business you can do part time - then wholesaling houses is a great way for you to get into this very lucrative business.|
Wholesaling or also called "Assignments" is nothing more than locating properties (usually needing repairs) at bargain prices and quickly passing them to investors/landlords at prices well below retail. The new investor/landlord purchases the property and fixes it up and either rents it or sells it. This business doesn’t require money or credit because you are not buying properties. You are simply putting a good deal under contract and then assigning that contract to the new investor or landlord that wants to buy it. With this arrangement, you would receive a fee for finding the property also called an assignment fee.
You may be asking yourself why investors would pay you a fee for finding them wholesale houses? Well, think about it this way, there are a lot of doctors, lawyers, accountants that have a full time job. They don't have the time scouring neighborhoods to find deals. This is where you come into the picture.
Three Simple Steps To Wholesaling Houses
I started my career with wholesaling houses because it seemed to be the easiest real estate strategy to learn and it didn't require me to put down large down payments. Once I learned that you didn't have to purchase properties before you could sell them, I was excited. You aren't even selling property, you are simply selling the contract you have with the seller. This is why wholesaling houses is called, "No Money Down".
- Find the Deal
- Assign the Deal
- Get Paid
So if you are looking for a way to make some extra money, a business that's easy to learn and execute, then wholesaling houses is a great way to get into real estate.
|During Chris Goff's time with the Trump Organization, he mentored and trained hundreds of budding Real Estate Investors in his unique teaching style. Chris Goff also helped develop over 70 Real Estate Investment companies. Chris Goff is constantly searching for ways to improve his real estate investing approach as well as his teaching technique, doing what so many people fail to achieve - keeping on top of a constantly fluctuating market. |
Chris Goff's passion for real estate investing, combined with his natural ability to lead and teach, has led him through the natural progression of working and writing for someone else, to finally developing and writing his own material.
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