Start A Great Career Wholesaling Real Estate
Wholesaling real estate is a lucrative business and can provide successful wholesalers with more time and money than most jobs. Although, there is an abundance of money to be made by wholesaling real estate, success does not usually come overnight. Most experienced wholesalers would agree that it can take up to six months to build a sizable monthly income, and sometimes it can take even longer.
Six months may seem like a long time in order to achieve sustainable success, but when making the comparison to other professions, this timeframe is outstanding when compared to the amount of money that can be generated wholesaling real estate. For example, doctors usually make six-figure incomes, as do many experienced real estate wholesalers; however, doctors must spend at least eight to ten years gaining the knowledge and experience needed to command this level of income. Real estate wholesalers on the other hand spend much less time learning than if they opted for medical school.
In order to gain success fast, you will need to learn how to find distressed properties owned by motivated sellers and negotiate win-win situations for everyone involved. This one task will be the catalyst that sparks the growth of your real estate wholesaling business. Upon locating distressed properties owned by motivated sellers and controlling profitable deals with my real estate sales contract, you can confidently find and network with serious real estate investors/cash buyers in your local area. Here some insight on the characteristics of a motivated sellers are individuals that need to sell a property fast due to divorce, relocation, or other financial pressures.
Successful real estate wholesalers are able to achieve sustainable success by creating systems that attract motivated sellers and cash buyers to them on auto-pilot. Creating or learning a system that makes it easy for motivated sellers and investor/cash buyers to find you will provide you with a steady stream of profitable deals each and every month.
The great part about wholesaling real estate is that most deals do not take a long time to complete. It is not uncommon to make a large sum in less than 30 days after finding a profitable deal. This is especially true once you have implemented the aforementioned marketing systems that generate a consistent flow of motivated sellers and cash buyers.
Although real estate wholesaling, is not a get rich quick scheme. It is a legitimate business endeavor that will only be successful with hard work and dedication. Wholesaling real estate is one of the few businesses that can be started with little or no money and bad or good credit, yet yield incredible returns in as little as a few weeks or months. Not only can this profession provide you with above average income, but it also serves as the foundation for any future real estate investing ventures that you may wish to pursue as finding good deals is always the key to a profitable real estate investment career and business, regardless of your business model. One of the best ways to start a profitable career wholesaling houses is seeking out a mentor/coach/consultant this is someone that will guide you around the land mines and pitfalls that will drastically speed and shorten your learning curve.
I”ll See you at the closing table,
Marcel Umphery the “R.E.I. Successmaker”