Ep59: Wholesaling: Is this the Best Way to Start Your Real Estate Career? - Marco Kozlowski
Big Fat Real Estate Checks
Marco Kozlowski
5 • 957 Ratings
🗓️ 8 February 2021
⏱️ 15 minutes
🧾️ Download transcript
Summary
For people who understand wholesaling very well, it can be a great opportunity to earn money. There are pros of doing it, but disadvantages still exist. Considering your options other than the wholesaling properties is great to start achieving your financial independence.
In this episode, Marco and his co-hosts talk about the things that you should know about wholesaling and your options to earn more money in the real estate business. They will also discuss some of the benefits that you can get into doing passive investing. Stay tuned!
WHAT YOU’LL LEARN FROM THIS EPISODE
- Is wholesaling the best way towards your financial independence?
- Importance of Understanding How Wholesaling Works and the Reason why You're Wholesaling.
- Main Reason why Most People get into Wholesaling.
- Disadvantages of Wholesaling Real Estate.
- What it takes for you to earn money from Wholesaling?
- Advantages of Passive Investing.
- Benefits of Having the Right Education and Knowledge in Real Estate Business.
RESOURCES FROM THIS EPISODE
Click here for the free quick start course "Get Deals By Tuesday" Masterclass.
CONNECT WITH US
- Email: [email protected]
- Website: https://marcokozlowski.com
- Facebook: https://www.facebook.com/realmarcokozlowski/
- Instagram: https://www.instagram.com/marco.kozlowski/
Transcript
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| 0:00.0 | Why would you just sell the contract for a couple of bucks? |
| 0:03.0 | Why not actually own that property using none of your own money? |
| 0:06.7 | You don't need money, you just need access to money, |
| 0:09.1 | and asset-based lenders will give you 70% of the value of the property. |
| 0:12.8 | Not purchase price, value of the asset. |
| 0:17.4 | Welcome to the big fat real estate checks podcast with Marco Kuzlowski, |
| 0:22.7 | where we help investors like you get the knowledge and skills you need |
| 0:26.3 | to replace your J-O-B with passive cash flow for life. |
| 0:32.0 | Welcome everyone to hopefully a super exciting podcast, |
| 0:35.7 | specifically if you're fairly new to the business or want to get into the business, |
| 0:40.2 | there's always a question that is asked, which is, |
| 0:42.9 | should I start with wholesaling? Is that the best way for me to start learning about real estate? |
| 0:47.5 | And making money since I don't maybe have a lot, have a lot of experience, |
| 0:51.4 | perhaps I can go the wholesaling route. And for those of you that don't know what wholesaling |
| 0:55.7 | is is when you find an opportunity at a discounted price, tie it up with a contract, |
| 0:59.2 | and then sell that contract to someone else for some cash. |
| 1:02.5 | So I'd like to have a discussion around that because there are so many people that get into |
| 1:06.6 | the business with wholesaling, and they're definitely pros, definitely cons. |
| 1:10.4 | There's a lot of things that go around wholesaling. It's fairly time-consuming, which we're |
| 1:14.8 | going to get into. And perhaps there is a better way that allows you to have the financial |
| 1:20.1 | independence without having to necessarily wholesale all the time. And we're going to discuss those |
| 1:25.8 | those things today with my two compatriots, Frank Galucho and Gabriel Araish. |
... |
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