Top 5 Steps In Wholesaling Real Estate Deals For Extra Income

I don’t know if you notice but since I started this blog there have been more income opportunities that have been coming in my life. That only proves that when you give, you will be given some more.

So I will continue to share with you my “knowledge” and experience about the ways to make extra money fast.

So let’s go back to our topic about real estate, which is wholesaling real estate deals. We have already defined what a wholesale deal is, and now it is time to talk about the entire process of wholesaling.

So here’s the entire road map to earning extra income from wholesaling real estate deals:



Step 1: Look for renovators first. Obviously, they are the ones with the real money. Again you only act as the middle man. So you talk to a lot of them (yes, the renovators). Get at least 5-10 renovators in your list. Categorize them based on financial capacity, specialty, and of course their preference.

Step 2: Now is the time to look for real properties on sale. Grow your network by using your mobile phone, your Facebook account, and just be always talking about it. Say to everyone you meet that you are a real estate investor and you buy real estate properties in cash. Look for as many real estate deals on sale as you can.

Step 3: After accumulating at least 100 real estate deals, choose the 10 best deals among it. Based on pricing versus appraised value on the current market. Make sure the deal you choose is 35-50% below market value. This will be the main attraction of this real estate deal towards the renovators.

Step 4: Now once you’ve finally chosen the top 10 deals, ask for a contract from the seller. The contract should stipulate, that you alone can sell the specific property at the price that you have negotiated with the seller.

Step 5: Sell to renovator that best fits the type and the category of the property.

That’s just about it. Although, I’ll be honest with you, to actually do the steps above is totally a different story. It involves sweat, a lot of tears, and sometime even hearth ache.

But the only way to earn extra money is to go through the process of doing, rather than just thinking and getting scared of the fear of loosing. So be a DOER rather than a THINKER.

Now go live a remarkable life.