Read on Twitter
Side Hustle
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht"> : Wholesaling Real Estatehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🏡" title="Haus mit Garten" aria-label="Emoji: Haus mit Garten">
Wholesaling is the gateway to get into Real Estate by having little to no money $$ to get started
And how much can you make doing it?
Let me show youhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏽" title="Rückhand Zeigefinger nach unten (mittlerer Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (mittlerer Hautton)">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏽" title="Rückhand Zeigefinger nach unten (mittlerer Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (mittlerer Hautton)">
1/15
Wholesaling is the gateway to get into Real Estate by having little to no money $$ to get started
And how much can you make doing it?
Let me show you
1/15
In wholesaling you are neither the end buyer nor the seller of a property. You are the middle man.
Think of yourself as a treasure hunterhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🔭" title="Teleskop" aria-label="Emoji: Teleskop">
Instead of searching for gold, you are searching for properties that can be purchased for CHEAP!https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏚" title="Verfallenes Haus" aria-label="Emoji: Verfallenes Haus">
That’s one of my adshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏽" title="Rückhand Zeigefinger nach unten (mittlerer Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (mittlerer Hautton)">
2/15
Think of yourself as a treasure hunter
Instead of searching for gold, you are searching for properties that can be purchased for CHEAP!
That’s one of my ads
2/15
Instead of searching for gold, you are searching for properties that can be purchased for CHEAP!https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏚" title="Verfallenes Haus" aria-label="Emoji: Verfallenes Haus">That’s one of my adshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏽" title="Rückhand Zeigefinger nach unten (mittlerer Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (mittlerer Hautton)">2/15" title="In wholesaling you are neither the end buyer nor the seller of a property. You are the middle man.Think of yourself as a treasure hunter https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔭" title="Teleskop" aria-label="Emoji: Teleskop">Instead of searching for gold, you are searching for properties that can be purchased for CHEAP!https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏚" title="Verfallenes Haus" aria-label="Emoji: Verfallenes Haus">That’s one of my adshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏽" title="Rückhand Zeigefinger nach unten (mittlerer Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (mittlerer Hautton)">2/15" class="img-responsive" style="max-width:100%;"/>
Where do you find these properties?
A motivated seller is a person who is behind on their mortgage, inherited a property they do not want, live out of state, can& #39;t manage the property anymore, etc
3/15
A motivated seller is a person who is behind on their mortgage, inherited a property they do not want, live out of state, can& #39;t manage the property anymore, etc
3/15
There is reason they don& #39;t want the property
That& #39;s where you come in
You contact these people and make an offer
"Hey, Mr. Seller. I can take this property off your hands. I will take it as is, pay in cash, and close quickly. How does that sound?"
4/15
That& #39;s where you come in
You contact these people and make an offer
"Hey, Mr. Seller. I can take this property off your hands. I will take it as is, pay in cash, and close quickly. How does that sound?"
4/15
For a truly motivated seller this is music to their ears
They won& #39;t have to mess with repairs or a long closing process, and really all they want is their money ASAP
Here& #39;s the kicker though, you are offering much less than more conventional buyers would
5/15
They won& #39;t have to mess with repairs or a long closing process, and really all they want is their money ASAP
Here& #39;s the kicker though, you are offering much less than more conventional buyers would
5/15
This is something you should be open about in conversations with the seller and whoever else you discuss business with.
"I buy properties at a discount from motivated sellers."
Getting these properties under contract at a discount is the key to the whole process.
6/15
"I buy properties at a discount from motivated sellers."
Getting these properties under contract at a discount is the key to the whole process.
6/15
Now, i am not going to go into all of the strategy behind this, but to make it easy let& #39;s say the motivated seller you found owns a house that would be worth $200K all fixed up.
However... there& #39;s holes in every wall, the roof is leaking, and the kitchen is from 1942.https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏚️" title="Verfallenes Haus" aria-label="Emoji: Verfallenes Haus">
7/15
However... there& #39;s holes in every wall, the roof is leaking, and the kitchen is from 1942.
7/15
The seller just wants this thing gone, so you say, "Mr. Seller, i will offer you $110K for the house."
Since the house needs SO much work and the seller just wants the money, he agrees.
Now, you may be saying, "I can& #39;t do this!! I dont have $110K?!?!"
BUT YOU CAN!
8/15
Since the house needs SO much work and the seller just wants the money, he agrees.
Now, you may be saying, "I can& #39;t do this!! I dont have $110K?!?!"
BUT YOU CAN!
8/15
All you pay is a small sum of money to hold the contract with the seller, often no more than $100.
Now this is where you make your money...https://abs.twimg.com/emoji/v2/... draggable="false" alt="💲" title="Fettes Dollarzeichen" aria-label="Emoji: Fettes Dollarzeichen">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💲" title="Fettes Dollarzeichen" aria-label="Emoji: Fettes Dollarzeichen">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💲" title="Fettes Dollarzeichen" aria-label="Emoji: Fettes Dollarzeichen">
You turn around and find a real estate investor to assign the contract to.
Like someone who flips houses.
9/15
Now this is where you make your money...
You turn around and find a real estate investor to assign the contract to.
Like someone who flips houses.
9/15
The home flipper will be interested because if they fix the holes in the wall, the roof, and update the kitchen they know they can sell this house for $200K.
You publicize the property you have under contract to as many investors as possible.
10/15
You publicize the property you have under contract to as many investors as possible.
10/15
When you find an interested investor you offer to sell the property for $140K.
When you go to the closing table you will be ASSIGNING the contract over to the investor.
Now remember you were buying for $110K and selling for $140K.
The $30K spread leftover is YOURS!https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤑" title="Gesicht mit Geld-Mund" aria-label="Emoji: Gesicht mit Geld-Mund">
11/15
When you go to the closing table you will be ASSIGNING the contract over to the investor.
Now remember you were buying for $110K and selling for $140K.
The $30K spread leftover is YOURS!
11/15
The $30K is called an assignment fee and your reward for finding the deal for the investor.
All three parties win in this scenario:
1. The motivated seller got rid of their home and got paidhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">
2. The investor got a new house to flip below market valuehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🏚️" title="Verfallenes Haus" aria-label="Emoji: Verfallenes Haus">
12/15
All three parties win in this scenario:
1. The motivated seller got rid of their home and got paid
2. The investor got a new house to flip below market value
12/15
3. You made an assignment fee for working hard and finding that deal https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤑" title="Gesicht mit Geld-Mund" aria-label="Emoji: Gesicht mit Geld-Mund">
Assignment fees range on the quality of the deal, but it is typical for them to be over $10K and I& #39;ve heard of some over $50K!
13/15
Assignment fees range on the quality of the deal, but it is typical for them to be over $10K and I& #39;ve heard of some over $50K!
13/15
The Keys to wholesaling: https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔑" title="Schlüssel" aria-label="Emoji: Schlüssel">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔑" title="Schlüssel" aria-label="Emoji: Schlüssel">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔑" title="Schlüssel" aria-label="Emoji: Schlüssel">
1. Quality lists to find motivated sellers
2. Quality list of real estate investors that can buy in cash
3. Dedication, Persistence, and Resilience
Dm me for a list of homeowners!!! or @Top_REI_Data
14/15
1. Quality lists to find motivated sellers
2. Quality list of real estate investors that can buy in cash
3. Dedication, Persistence, and Resilience
Dm me for a list of homeowners!!! or @Top_REI_Data
14/15
The laws and regulations regarding wholesaling differ from state to state, but in many no real estate license is required.
Thanks for reading, and I hope you now have an understanding of a possible side hustlehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🧠" title="Gehirn" aria-label="Emoji: Gehirn">
15/15
Thanks for reading, and I hope you now have an understanding of a possible side hustle
15/15
Start your Real Estate journey only $150https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏽" title="Rückhand Zeigefinger nach unten (mittlerer Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (mittlerer Hautton)"> https://twitter.com/timthorne_/status/1312159758619557888">https://twitter.com/timthorne...
