How to start wholesaling. According to Than Merrill of FortuneBuilders, “Wholesaling real estate is one of the best ways to break into the real estate investing industry, so it pays to have an idea of what you are doing from the start.”
Wholesaling is an exit strategy where investors find a discounted property, get it under contract, and then sell it to an interested buyer for a profit. This strategy has become synonymous with today’s quickest method of turning a profit, with some investors wholesaling properties in as little as a few hours.
You can find discounted property by looking for homeowners who want to sell their fast.
When starting wholesaling, you aren’t actually selling the property itself; you are actually selling your right to buy that property to someone else. Under what is known as the doctrine of equitable conversion, the equitable conversion makes a buyer the equitable owner of title to the property at the time that they sign a contract binding them to purchase the land at a later date. The buyer is deemed the equitable owner after the contract is signed, but prior to the closing.
That means you don’t need capital when you are starting out. You just need to tie up the party for a short period of time to find a real estate investor. Thus, it is the easiest way to get into real estate.
As investors, we are in business to make a modest profit on any deal. However, we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. We offer the simple truth about your home and how we can help you sell it fast.
Give us a ring. We would love to help you understand the process and to answer all of your questions. You can reach us at 402 999.0577.