Wholesaling Houses: Earning Profits While You Learn a System
Wholesaling houses is widely regarded as the easiest and fastest way to get your foot in the door of the real estate investing industry, and get paid. But what if you are just starting out and need a for sure paycheck to cover the immediate bills you have, and you still have some learning to do?
Wholesaling Houses 101
Wholesaling real estate is often chosen as one of the most popular real estate investing niches for those that need to make money quick without taking much risk. And you can accomplish that utilizing the right house flipping system. Some can begin making pretty good lump sums in a matter of weeks and months. For others it can take longer. In fact, depending on your marketplace and experience, even if you make offers and contract a dozen deals tomorrow it could potentially take several weeks or months before you get a check in your hands.
Fortunately wholesaling real estate is one of the simplest real estate investing strategies to learn. It still takes learning to pinpoint the best deals, negotiate the best terms, and convert them into cash in a timely fashion. But in a nutshell it is all about finding undervalued properties, getting them under contract or buying them, and flipping them to qualified cash buyers.
Wholesaling Houses Part Time
If you currently have a job you can always start wholesaling real estate part-time. Invest your money and time in a good wholesaling houses course and system. Get through the core material, and start putting it into play. Once you close a couple deals you can start putting yourself in a position to match, double and even triple the income you make at your day job.
If you don’t have a job you may be able to get started with wholesaling houses and close a deal or two before you find a job and get your first paycheck. If you are still worried about that bill money, currently unemployed and want to learn how to flip houses, wholesale real estate and invest in real estate, consider taking a side gig or part time job. If you can find a job in the real estate industry that can boost your learning and contacts that would be great too. Some ideas might include working as a real estate agent’s assistant, a real estate office receptionist, title company rep, or interning at local real estate investment firms.
Partner Up
One of the best ways to learn How to invest in real estate and speed up your earning potential is to partner up. Partner up with someone that is already making money in the real estate. Find a successful mentor with a student partnership program, or refer deals to others for finders fees if possible. Watch what they do and master your craft until you can go it alone.
Summary
You could strike big paydays in the real estate wholesaling niche in 30 days or less. But if you don’t have any cushion and bills are already in your pipeline look to some of the above solutions to earn and learn at the same time. Whatever you do don’t stop learning.
I”ll See you at the closing table,
Marcel Umphery the “R.E.I. Successmaker”