Real Estate Wholesaling | Million-Dollar Strategy

First, we will discuss the investing strategy.

Next, we will discuss the numbers and how to potentially earn 1-million dollars with this strategy.

Then, you get some actionable steps to take for this strategy.

Lastly, you get one Resource to consider, which may be helpful to you.

If you need funding for your deals – go here. (Use coupon code “JAKE” to get 50% off).

If you need buyers for your wholesale deals AND “Done For You Wholesaling” – go here.

This article will explain how you can get paid to wholesale houses, legitimate ways to consider activating a real estate wholesaling business, as well as answer some questions that you may have about this topic.

Related content:

Okay Let’s Rock…

Real estate wholesaling is a unique investment strategy that involves getting a contract to buy a house below market value…

Then essentially selling the contract to a real estate investor.

That investor will then step in as the buyer of the property and fulfill the requirements of the purchase agreement… NOT YOU.

That is one reason this strategy is so popular.

Once you have a signed agreement, make sure you aren’t marketing the PROPERTY for sale. Only the homeowner or a licensed real estate agent/broker with a listing agreement with the homeowner can market a property for sale.

You have a contract that you are offering. There is a difference you must adhere to, so you don’t get into trouble.

Do an online search for “Real Estate Wholesaling Laws in STATE” to uncover laws you need to follow.

Find active real estate investors in areas you wish to wholesale in.

Find out what their buying criteria are. That way you can structure your purchase contracts knowing you have potential buyers for them.

Start marketing your “real estate buyer” service to uncover motivated home sellers.

These can be people behind on their payments, recent divorces, absentee owners, code violation properties, etc.

You are looking for undervalued properties that you can get at a steep enough market value discount to allow for investor interest, along with a profit margin for you when assigning or selling the contract to another investor.

Potential 1-million-dollar roadmap:

Wholesalers earn money with the amount they can assign or sell a purchase contract to another real estate investor.

In general, lower price range houses generate lower contract fees. Higher price range houses generate higher contract fees.

Determine what your “minimum wholesale fee” will be.

This will represent the lowest amount that you are willing to accept as your profit when assigning or selling a real estate contract to another investor.

This is important to know when first negotiating the purchase contract with the homeowner. That way you can potentially secure AT LEAST your minimum allowable profit margin for your efforts in finding and facilitating the deal.

Will your “minimum wholesale fee” be $10,000?

If so, you know that to GROSS 1-million dollars you will need to do 100 real estate deals.

If you’re choosing a higher house price range that can support higher assignment fees, you know you would not need to do as many deals to hit the 1-million-dollar goal.

For example:

A “minimum wholesale fee” of $15,000 would take you 67 wholesale deals to reach the 1-million-dollar goal.

The reality is that some deals will earn more or less than these numbers.

That’s why it is so important to set your “minimum wholesale fee”.

If your “minimum wholesale fee” is $15,000:

5-Year Plan To 1 Million: 13.3 deals per year 1 deal per month +1 per year

3-Year Plan To 1 Million: 22 deals per year 2 deals per month -2 per year

1-Year Plan To 1 Million: 67 deals per year 5.5 deals per month

If your “minimum wholesale fee” is $10,000:

5-Year Plan To 1 Million: 20 deals per year 2 deals per month -4 per year

3-Year Plan To 1 Million: 33.3 deals per year 2 deals per month +9 per year

1-Year Plan To 1 Million: 100 deals per year 8 deals per month +4 per year

Depending on the deal, wholesaling can get you in the game. It can be just one of the ways you choose to profit from real estate.

Based on the type of real estate lead you uncover, you can choose to wholesale the property to another investor or do other things that can generate even MORE potential profits.

We will be covering some of those other choices each day in this course.

When I was a kid, my old neighbor was John Madden (Yes, the Legendary football coach, announcer, and video game entrepreneur). I was friends with his son Mike.

Mr. Madden is noted for emphasizing the importance of scoring points early in a game to build momentum and confidence, which can then lead to further success.

Knowing how to wholesale houses to other real estate investors the correct way can help you begin to earn profits…

Which can then lead to further success. Thank you Mr. Madden!

With that statement in mind, in the beginning, if you did just ONE deal a month that generated your “minimum wholesale fee”, would that help you right now?

For example, let’s say your “minimum wholesale fee” was $8,000.

That’s a lot of extra moola that could go towards overhead, paying down debt, saving for emergencies, or just having MORE FUN!

If you did that each month for a year, that amounts to an extra $96,000.

If that’s starting small… I’m in! How about you?

Here are some actionable steps to take for this strategy:

Reach out to ACTIVE real estate investors in your area. Search online for “sell my house YOUR CITY/STATE”. Contact these investors to find out what they are looking for. Ask them what their buying criteria are so you can put together contracts (including at least your “minimum wholesale fee”) that they will want to buy.
Learn how to find distressed homeowner scenarios so you can uncover motivated home sellers.
Work on practicing your negotiation skills so you can create win-win-win deals.

Helpful Resources:

The biggest question I get is, “Hey Mark, where can I find money for real estate investing?”

If you’re wondering the same thing, my “Real Estate Funding Dominator” course can help!

Click here to check out my “Real Estate Funding Dominator” course.
(Use coupon code “JAKE” to get 50% off)
You will never wonder where to find funding for your good real estate deals again.

If you need buyers for your wholesale deals AND “Done For You Wholesaling” – go here.

Remember, whatever you are trying to accomplish, I know YOU can do it!

Mark Walters 3rd generation real estate investor