Real Estate Wholsaleing: A No Money Approach

Wholesaling is the quickest and easiest way to make a sale in Real Estate. It is less hassles, with almost no money needed to close on a contract. If you want to make money without putting out money, Wholesaling is the way to go!

What you need to do is to start finding investors. Do a little networking and start talking to some people in your circle. Contact some friends and business associates. Tell people about the business you are in. Make sure that you get the people to know about what you do for a living.

Your local Real Estate Investment Club is a great resource of information. You can meet other investors you can share information with and find out who you should watch out for. People you can or cannot do business with.

Put up "We buy houses" signs in some key areas. Put up as many as you can. It is a sure way to get people to call you and be careful not to break the law. In other words the calls you might be getting are ones that you do not want.

You can also do most commonly used forms of advertising. In the newspaper run an ad in your local paper and put in a buy houses ad. It is also a great tool to use to reach investors.

When you find a good piece of property, you need to have it under a Contract to secure it. You can safeguard the property and file a Memorandum or Affidavit on your interest of the property, while under contract, so that the seller may not be able to sell the property to someone while, under the term of your contract.

Once you're ready to close, you may:

* If you have a wholesale buyer, you can:

> Assign your contract and let the Buyer close - you will be giving the buyer control over the property if you do this option. > Close with the Seller first, then close with the Buyer > Close with the Buyer first, then with the Seller > Direct deeding approach - this is the preferred option for most since you will be staying out of the title, which means that you are not be held liable for any problems that may arise. Since you are only acting as the middleman, it is only right that you not be held accountable.

* If you are having a timing problem with your buyer, you may close on the contract and keep the property until your buyer is ready to close. However, you have to be able to finance property.

You will need to do business with a Closing Attorney or an Escrow Agent to execute the transactions.

If you haven't been involved in the Wholesaling market, look into it and give it a try. It's a great way to earn income quickly and is fairly easy!

Happy Wholesaling!