Wholesaling Real Estate
[UPDATE: There are a lot of questions on the legality or illegality of "wholesaling". We cannot provide legal advice, but we are not charging for this info and are simply offering our opinion. In most states, if you assign to "cash buying investors" with whom you have a relationship - they have agreed to purchase certain assignments from you - then you are technically working "for another" as a "bird-dog", and under most state laws that requires you to have a real estate license. So far, we only know of two states that prosecute this, though more are expected as wholesaling becomes more widespread. However, if you get a place under contract and do not have "ready-made" buyers in the wings, and you have to seek out a buyer with whom you have no relationship or prior knowledge, that appears to be perfectly legal in all states, since you are obviously not working for the buyer - you did not even know him when you entered into the contract. In the first example, you are a bird-dog (requiring a license). In the second example you are simply an independent investor (not requiring a license). We teach only the latter method, and show you how to find qualified buyers. In any case, you may want to double-check with a qualified real estate attorney in your state.]
Almost every day people ask me how get a quick start to making money in real estate. They want to start with the fastest, easiest method. And my answer is always "wholesaling" (actually, it is called "assigning" and is a fast and easy method of flipping houses).
Wholesaling can be completed, start to finish, in a matter of days, and it's so simple that any 6th grader could do it. It can be a great way to pump relatively quick cash into your pocket to meet pressing obligations. Give me 30 minutes and I can teach almost anyone how to assign (wholesale).
Wholesaling does not require you put up any cash, or get a loan or mortgage, or even go to any closings. Because you are not actually buying a house, you do not need credit. No experience is necessary. Many students can wholesale their first property within 4-8 weeks of ordering our course, and some sooner. It really is that easy.
Order my course today and like Homero Guererro, you, too can be pocketing a nice check in a relatively short period.
Of course, you can choose not to order, in which case someone else will make that money. Until you decide to just do it, it will always be "someone else" making the money.
- Bill Vaughn