Real estate wholesaling requires no capital, license, or credit check. Find underpriced properties, lock in a purchase contract, then assign it to another investor at a markup. Your profit is the difference between what you contracted and what you assign it for, as long as the buyer still gets a deal.
The first thing you need to know is that wholesaling requires very little to even no money to get started. The second thing you need to know is that you do not need any type of real estate license to get started wholesaling. And the third thing you need to know is that you do not need any kind of credit score, and you can even wholesale with a felony on your record. In a nutshell, wholesaling real estate is finding deeply discounted real estate deals to sell to other real estate investors. Wholesalers find properties at under-market prices, enter in contract to buy that property and then turn around and sell that contract at a bargain price to another real estate investor. You as the wholesaler need to make sure that this price is at a very deep discount because you're going to need to sell this contract to somebody else for more money than what you have originally agreed upon with the seller, and it still needs to be an excellent deal.
Join My Luxury Wholesale Coaching Call For FREE // Tyson Smith & Matthew Tooker
