Real estate investing can come in many different strategies. The industry itself is massive and has many other asset classes, hold times, and business models that you can implement.
What is Wholesale Real Estate?
Wholesaling is a nickname used to describe a type of real estate investing or transaction where the investor buys and sells an interest in the property without holding it.
Wholesalers typically use a double close or an assignment of the contract to sell the property. The investor buys the double property close and immediately sells it to the end buyer.
There are many benefits to wholesaling as a real estate investor.
1. Wholesaling is a short-term strategy that an investor can realize benefits from quickly.
Skills Required for Wholesaling
To be a wholesaler that can get a high percentage of deals to the closing table over the long run, you need a big picture skillset than just negotiating contracts with sellers.
Marketing Directly to Sellers
When marketing directly to sellers as a wholesaler, you have many different options on how to get in contact with a seller.
How to Get Started Wholesaling
The first aspect is to get the deal flow going. You can do this by starting a marketing campaign for potential home sellers. The second aspect is to build a buyers list.
How to Find Wholesalers in Your Market
Buying a property from a wholesaler is an excellent option if you want to get into real estate by house hacking.
Residential real estate transactions are highly regulated at the state level. Most states have restrictions on what you can and cannot do without being licensed in real estate sales.
What is Wholetailing
Wholetailing is a play on words by combining wholesaling and retailing. It has become more popular lately, with the retail market hotter than ever.