In this YouTube video, Tyson Smith walks viewers through a real‑estate wholesaling strategy that lets him profit from properties he never owns or repairs. He locates a rundown house, submits a lowball purchase offer of $258,340 with only a $100 earnest deposit, and includes contract clauses that (1) allow him to assign the purchase contract to another buyer, (2) permit him to market his contractual interest, and (3) give him a unilateral right to cancel during a 15‑day inspection period. Within that window he finds an end buyer willing to pay $268,340 and provide a $5,000 non‑refundable deposit. At closing the title company pays the original seller the $258,340 and wires Tyson the $10,000 spread. He emphasizes that the entire transaction is conducted virtually—no in‑person visits, all via email and phone, and can be replicated across state lines. The video ends with a call‑to‑action: viewers who comment “deal” will receive a free 10‑minute training on how to close their first deal.
Chapters
This contract right here has made me millions of dollars because it allows me to flip houses I don't own, never had to pay for or make any repairs to. And in the next minute, I'm going to show you exactly how it works so you can use it to do the same thing. Basically, I find rundown properties like this one and I make them a lowball offer to buy the property. In this case, I offered him $258,340. Now, that money isn't actually due until after this 15-day inspection period. The only money I have to put up is this $100 earnest money deposit. And then during that 15-day inspection period, I look to find an end buyer because here's the deal. I have in the contract that I can assign this contract, which means sell the rights to it to somebody else. We'll talk more about that in a second. And also I have this part of the contract that says I'm literally allowed to market my contract interest to other people. And I also have this part right here that says during my inspection period, I'm allowed to cancel the contract for literally any reason, including if I can't find somebody else who will pay more money for it. But of course, I was quickly able to find somebody who's willing to buy that same exact property for $268,340. So much so that they're even willing to give me a $5,000 non-refundable deposit. So after the inspection period, on the day of closing, this person deposited $258,340 plus the closing costs to a title company's escrow account. The title company then pays the original seller of the property their $258,340, and they send me a wire transfer for the difference. In this case, it was $10,000. And the best part is I did this entirely virtually. I never once saw this property in person. I never met the seller in person. I never met the buyer in person. I did everything over email and phone calls. And I'm doing this all across the country in different states, even all from right here in my house. If you want to learn exactly how to get started doing this for yourself and even how I can help you close your first deal, comment the word deal down below and I'll send you a free 10-minute long training I just recorded.
