Wholesaling Real Estate | No Credit or Money Out Of Pocket Investing
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The video emphasizes the possibility of making money in real estate without using one's own money or having good credit. Wholesaling real estate is presented as a lucrative side hustle that can generate an extra $5,000 to $20,000 per year or even $100,000 to $300,000 per year if done full-time. Wholesaling involves getting properties under contract at a discount and then selling that contract to someone else for a profit. The speaker stresses the importance of being transparent with the seller when negotiating the contract and including a contingency in the contract to protect oneself. To find deals for cheap, it's recommended to get to know real estate agents and build connections with people who are connected to properties that can bring them to you to wholesale or to buy. Another way to find potential investment properties is through driving for dollars, which involves looking for properties that are not well taken care of and have a higher chance of selling at a discount. The best people to wholesale properties to are cash solid buyers, who can be found by joining local Facebook groups or attending local meetups. It's important to build a buyers list, but if you come across a good deal before you have a list, you can post it on local real estate investing Facebook groups to sell it and make some money. Finally, viewers can participate in the year-end giveaway by commenting on the video with questions they want to be included in the lightning round.
The video emphasizes the possibility of making money in real estate without using one's own money or