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Wealthy Way

Why Wholesaling is a Great First Step Into the Real Estate Space

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 15 July 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

Considering real estate? Discover why wholesaling could be your ideal entry point into this dynamic industry.---Secure your spot at the #1 conference for real estate, entrepreneurship, and social media here - https://www.wealthcon.org/Feeling lost as an entrepreneur or real estate investor? Get access to our community, coaching, courses, and events at Wealthy University https://wealthyuniversity.com/If you want to level up, text me at 725-444-5244! ---About Ryan Pineda: Ryan Pineda has been i...

Transcript

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0:00.0

I'm going to go over how wholesaling works and what exactly it is, but before I do, I just want to let you know,

0:04.8

it is my favorite way for someone to get started. And there's a few reasons I believe that, all right? First reason is the risk. There's almost no risk with wholesaling compared to other

0:15.9

forms of buying real estate. You know when you flip a house you got to go raise

0:19.7

money you had to get contractors you got to go list it the market could shift there's so much that goes into it that has

0:26.7

high risk now I'm not against flipping houses obviously I do it but wholesaling

0:31.7

mitigates the risk tremendously.

0:34.0

Because you're not buying the property,

0:35.6

because you're just simply selling the deal,

0:37.7

your risk is way lower.

0:39.4

So I love it for that reason.

0:40.9

Second reason I like it is the scale. Wholesailing is way easier to scale than even buying

0:47.0

rentals or flipping houses. In fact, I have transitioned my house flipping business, which we have flipped hundreds and

0:53.4

hundreds of homes over the years actually bought renovate and sold homes

0:56.9

over the years I've transitioned mainly to wholesaling today because of the

1:02.2

scale and the risk it's way less risky for me to do and I can

1:05.6

scale it way quicker across the country. So scale is a big part. But third is simply the

1:11.1

speed. At the end of the day, if you were buying a rental property,

1:15.0

you are not going to make a bunch of money right off the bat, right?

1:19.0

Buying a rental is just long-term play, long-term appreciation, tax benefits, you might get a little bit of cash flow in between.

1:25.2

Flipping pays you a lot quicker as well, but with flipping, once again, it might be a six-month

1:30.7

period between from when you buy it to when you

1:33.0

renovate it when you finally sell it. With wholesaling if I get a

...

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