What exactly is wholesaling? Well, it's very simple. If you've never heard about it before,

it is my favorite way to get started in real estate. In fact, it's my favorite way to do real estate

period because it has almost no risk. It is very simple to scale and you can get an immediate

return. It doesn't take much time at all. So here's how it works. In a wholesale transaction,

there are three parties. The first party

is the seller. This is the person who owns the home. The second person is the wholesaler. So this would

be you in this case. And then the last one is the buyer. This is the person who's actually going to end up

buying the home. So first off, wholesalers are just really good at finding deals.

They're really good at just finding these sellers who want to sell their property at a discount

and in turn turning that into profits.

And so if I'm a wholesaler right now, let's just say I find a seller who's willing to sell me

their property for $300,000.

Now, to make number simple, let's just say that, you know, fixed up, it's worth $400,000, right?

We would call this the ARV, after repair value, all right?

So they're willing to sell it to me for $300,000.

If I give them that, they are then going

to give me a contract to purchase the home. Now notice how I'm saying a contract because I don't

actually buy the home yet, right? I just have the right to buy the home because I'm willing to

give them 300,000 in a contract. Well, the next thing I'm going to do is look for a buyer. Now, this buyer is going

to be willing to pay more than whatever I have it under contract for, which is 300,000. So let's

just say this buyer is willing to pay 320K. Because even at 320k, they know they're still going to

make a great deal on it. You know, If it's worth 400,000 fixed up,

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