A lot of people have misconceptions about the Real Estate business. That you need a lot of money to finance properties before you can profit off of it. Wholesaling is a quick and hassle-free way of making a sale in Real Estate. What is wholesaling? It is when you go out and find a piece of property that you can "flip" or sell for a profit. The great thing about wholesaling is that you can do just that without having to put money in!



Here is what to do. Start prospecting for wholesale buyers and sellers. Don't wait until you have found a property to wholesale before you start locating a buyer. Talk to people. Talk to your friends, business associates, your competitors. Do networking and meet new people. If they are not buying or selling, they can lead you to people who are, and they will know who to go to when they will be buying or selling in the future. It is always good to build relationships with people you might do business with later.

Join your local Real Estate Investment Club (REI). You will meet other investors in the business and you can get some information you might need about the market. Your REI club is truly one of your better resources that you should take advantage of.

A great way to get investors to come your way is to advertise. Advertising is one of the quickest ways to reach potential clients. Put up as many signs as you can everywhere and anywhere that they are allowed. Be innovative and resourceful when you advertise.

Run ads in your local paper. It is one great way to find investors.

Make sure you secure the property with a Purchase Contract once you have found a good deal. If you are worried about the seller dealing the property to another buyer under the term of your contract, you can file a Memorandum or Affidavit stating your interest of the property.

You have several options that you can do:

* If you have a wholesale buyer, you can:

> Have the Buyer close on the contract > Close with the Seller first, and then close with the Buyer > Do the reverse and close with the Buyer first, then close with the seller > Do the direct deeding approach, where the seller deeds the property over to the buyer directly

* 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 an Escrow Agent or a Closing Attorney to close on your transaction.

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!