Wholesaling Real Estate - How to Wholesale Real Estate?

www.REIClub.com - Wholesaling Real Estate Is A Great Investment Strategy For Beginner Investors. Here's A Quick Video On How To Wholesale Real Estate For Quick Profits... To Learn More On Wholesaling Real Estate www.WholesaleInterviews.com Hi, this isFrank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got quick video on what wholesaling is, and how to profit with it. Wholesaling real estate provides an opportunity for someone to build income with little capital or credit, by simply buying below market value and selling below market value. Wholesaling real estate (aka - flipping) - Don't take ownership of that property. - Assign the contract to another (end) buyer - close deal in your place. - Very low risk - little or no money down! - Usually sell to to investors with cash, lines of credit, or hard money loans = quick closings Some investors call it "wholesaling real estate" others refer to it as "flipping properties." Regardless of the term you use, you can make quick cash from properties you don't own. Step 1: Finding Distressed Properties - Resources - Real Estate Clubs, Auctions, MLS, realtors, FSBO, Craigslist, etc... - Profit Margins - Is there room to make money? - Deposit - amount ranges, but indicates serious buyer Example: - Retail Market Value - $100000 (fixed) - Negotiate price down - $60000 - Repairs - $10k-$15k - Wholesale Price - $65000 - YOUR profit = $5k Investor Profit = ~$20k Step 2: Build Buyers List (refer to cash ...