Wholesaling houses is, by far, one of the fastest ways to make cash in real estate. Unlike when rehabbing houses, you can generate income of 5,000,10,000,15,000,20,000 in less than a month. And most of all, you will not need a huge start-up money to get the ball rolling.
Flipping is how I started and everyone I know that is successful in real estate started investing. Except for the few people that I have met that were born with a silver spoon in their mouth.LOL. What else besides quick turning can allow someone to become a millionaire without having a lot of start up capitol.
Wholesaling is a method of investing in real estate in which a real estate investor earns a profit by placing a property under contract and then assigning that contract to rehabber. Although the process looks really easy, this real estate investing strategy can be quite tricky. Many have tried and failed at become a successful wholesaler I'm sure you have heard the horror stories. But tha is exactly why you need a coach to be successful.
A good coach will serve several purposes. Here is a list of a few things a good coach will provide:
1) Teach you what are good deals and what deals to pass on
2) Teach you how to estimate the repairs for a property
3) Teach you how to evaluate the proper ARV
4) And maybe the most important thing a coach should do is motivate.
I'm not sure why people get into wholesaling without having a coach. The best of the best athletes have coaches and mentor so why wouldn't you. Maybe it's money if that is the case http://teachmerealestateinvesting.com is the solution you get hands on coaching for only $99. No more excuses for not making money in real estate.
Having a real estate mentor who specializes in flipping contracts can make your job much easier. A coach can provide you with the mentorship you need to ensure the success of a wholesale deal. He or she can also help you come up with solid marketing strategies that will allow you to build a strong home buyer and seller's list. And most of all, a mentor can significantly reduce your learning curve and help you avoid making big mistakes that can derail your real estate investing career.
Be warned, however, not all coaches are concerned with the future of their students and apprentices. There are some who in it just for the money. For this reason, you need to be really careful before signing up for the mentoring program of a wholesale menor. If you fail to do your own due diligence before hiring a wholesale coach, you might regret your decision to obtain his or her services in case something goes wrong with your partnership.
Take for example the plight of real estate investing newbie who is suing a popular real estate e-learning center. According to reports, the female student has filed a complaint against an online education company owned by a popular real estate mogul. The complainant claimed that the school has "tricked" her into spending thousands and thousands of dollars on worthless seminars.
It wasn't really clear what completely happened to the case but let this story teach you a thing or 2 about hiring a wholesale coach. It is true that having a mentor can be a big help to your career but you also have to be careful when choosing the right coach.
Author Resource:
http://www.teachmerealestateinvesting.com #1 real estate mentorship site
http://www.teachmetowholesale.com learn how to wholesale real estate for only $49
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