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LEARN THE ART OF REAL ESTATE WHOLESALING

How To Go From “Confused & Overwhelmed” To Flipping Your Flipping Your First Wholesale Property


Wholesale Real Estate Deals involve finding properties to buy at a discount and then selling the rights to purchase those properties to other investors for a profit. Here's a general overview of the process: 


 

Steps to Execute a Virtual Wholesale Deal:

Considerations:


 

  1. Build Investor Network: 
  • Connect with other real estate investors who might be interested in purchasing properties in your target area.
  • Attend real estate networking events, join online forums, or use social media platforms to build your network.
  1. Market Research: 
  • Identify areas with potential distressed properties or motivated sellers.
  • Use online tools, databases, or work with real estate agents to find these properties.
  1. Negotiation and Contract: 
  • Negotiate a deal with the property owner at a price that allows room for profit when selling to another investor.
  • Secure the property under contract using a purchase agreement or assignable contract. Ensure it allows for assignment to another buyer.

  1. Locate Deals: 

  • Reach out to homeowners who might be interested in selling quickly. This could involve direct mail, cold calling, or online marketing.
  • Evaluate properties to ensure they meet your criteria for a good wholesale deal (typically properties sold below market value).

  1. Marketing the Deal: 

  • Advertise the property to your network of investors. Use avenues like email, social media, or specific real estate platforms.
  • Provide details about the property, its condition, potential repair costs, and your asking price.

             2. Assigning the property for profit:

  • Assign the contract: Transfer the rights to purchase the property to another investor for a fee.
  • Double close: Purchase the property yourself and then sell it immediately to the end buyer in a simultaneous closing.


  1. Closing the Deal: 

  • Once an investor agrees to purchase the property, finalize the paperwork and facilitate the closing process.
  • Collect your profit from the assignment fee or the price difference in a double closing.




  • Legal Compliance: Ensure your contracts are legally sound and allow for assignment.
  • Networking: Building relationships with investors is crucial.
  • Market Knowledge: Understanding market trends and property values is key to identifying profitable deals.
  • Due Diligence: Assess the condition and potential of the property accurately.

Virtual wholesale deals can be lucrative, but success often requires persistence, networking, and a good understanding of real estate dynamics in your target area. Consulting with legal and real estate professionals might also be beneficial for guidance through the process.


 

Benefits of a Wholesaling Coach like Doron Nissim:

  1. Expert Insight:
    • Doron Nissim, with his experience, can provide insider tips, strategies, and real-world examples to help you navigate the complexities of wholesaling.

  1. Network Expansion:
    • Access to Doron Nissim’s network can open doors to potential deals, partnerships, and resources that might otherwise be inaccessible.

  1. Personalized Guidance:
    • A coach like Doron Nissim can offer personalized advice tailored to your specific circumstances, helping you identify opportunities and avoid common pitfalls.

  1. Motivation and Accountability:
    • Having a mentor like Doron Nissim can keep you motivated, focused, and accountable, pushing you to take action and stay on track toward your wholesaling goals.

  1. Problem-Solving Assistance:
    • When facing challenges or uncertainties, Doron Nissim’s guidance can provide clarity and actionable solutions based on his experience.

  1. Deal Assessment and Strategies:
    • Doron Nissim can assist in evaluating potential deals, analyzing market trends, and devising effective wholesaling strategies to maximize profits.

Remember, working with a coach like Doron Nissim in real estate wholesaling can significantly accelerate your learning curve, reduce risks, and enhance your chances of success by leveraging their expertise and guidance.

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