How to Wholesale Real Estate For Beginners | Crucial First Steps
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The video is about how to make money through wholesaling real estate. The speaker explains that wholesaling is like acting as a real estate agent for real estate investors, where you connect buyers and sellers and take care of the transactional stuff in between. The beauty of wholesaling is that you don't need money or credit to do it. All you need is a strong work ethic and knowledge of where to find deals. The potential money to be made in wholesaling is significant, ranging from a couple of thousand dollars to over fifty thousand dollars on one wholesale deal.
To get started, the speaker recommends building a buyer's list and finding deals to wholesale by joining local real estate investing Facebook groups and talking to people to find wholesale contracts. Once you have a property under contract, it's important to have a conversation with the seller to build rapport and figure out where they want to be and where other offers are. If you can't offer the seller what they want, ask for a couple of weeks to try and get them the most money possible.
The speaker also provides three quick and cheap ways to get deals under contract in under 30 days, which include connecting with local real estate agents, using bandit signs, and driving for dollars. To sell a good deal, it's always good to grow your buyers list and be able to bring legitimate buyers to every single house you come across. However, if you don't have a buyers list, the number one place to go to sell a good deal is your local real estate investing Facebook group.
The video is about how to make money through wholesaling real estate. The speaker explains that whol