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Real estate wholesaling involves buying homes at a discount and quickly reselling them to other investors for a profit. This guide will provide information on real estate wholesaling companies operating in your local area along with answers to frequently asked questions about the wholesaling process.
What is real estate wholesaling? Real estate wholesaling refers to buying properties from motivated sellers below market value and quickly reselling or "wholesaling" them to end buyers or other investors for a profit without doing any renovations.
How do wholesaling companies find deals? Wholesaling companies use various strategies like direct mail, cold calling, text/email blasting and networking to search for off-market deals with homeowners willing to sell for cash at a discount.
What services do they provide? Most wholesaling firms will buy properties from sellers, handle all paperwork and document processing, market the deals to end buyers and do the reselling to earn their profit.
How much can I earn? On average, wholesalers aim to purchase properties at 50-70% of after-repair value and resell within 30-90 days for a profit of $10,000-$30,000 per deal depending on the discounts negotiated.
How do I get started in wholesaling? Contact local wholesaling companies, offer to assist them on deals in exchange for training, attend seminars to learn strategies or take an online wholesale course to gain the skills needed before launching your own business.
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