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One of the most commonly asked questions I get is "what is wholesale real estate investing?"
Wholesale Real estate investing involves the investment of time and marketing skills in finding deeply discounted properties
In place of an actual traditional investment capital in real estate for the purpose of quick profits.
Maybe I should break that down a little further right?
Real estate is a necessity in every society and
Because of that, investing in it can be a very long term lucrative model.
In fact according to thecollegeinvestor.com...
Over the last two centuries, about 90 percent of the world's millionaires have been created by investing in real estate.
But to invest in real estate for an average person can be a very expensive fit.
Also, people who invest in real estate on a regular basis need to find good deals and that can be time consuming.
In addition to that, it takes marketing skills to create a pipeline in order to have options that funnels into the best deals.
Every investor wants to have a portfolio of the best deals in town right? That takes marketing skills to find.
Because of this, you don't have to have the capital for a down payment to purchase a property in order to capitalize on real estate investment.
If you have time and can master marketing skills, you can invest it in finding deeply discounted deals for people who have the capital.
The highest fee I have ever collected is $82,000 from one wholesale real estate investing deal.
Below is a question for us to address with this lesson...
“Here, I found a property on Zillow.
Manage to text the seller to get details on the property she’s currently selling for $25k.
Couldn’t negotiate any lower than $20K.
She mentions it is MOVE IN READY so it only needs a little TLC.
---Text from the seller---
Ok. Would you like to see the house?
Ok. Well, Whenever you want to schedule a walk though just let me know.
I have 2 people scheduled to see it tomorrow.
---End Text from the seller---
My question is how to bring up in a conversation with the seller the purchase and sell agreement?”
Enjoy the video.
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ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO and author of Smart Real Estate Wholesaling. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and a father. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
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