Wholesaling properties is a great way you can make money in real estate.
And if you’re not sure what wholesaling means, it’s simple.
Wholesaling is when you get a homeowner who is in a hurry to sell - maybe they got divorced or they’re moving to another state for work - and you lock it a good price in a contract. Then, you flip the contract to a buyer - typically, a cash buyer.
With wholesaling, you have little to no risk… You can make good money… You didn’t need to fix any homes... And life is good!
But the challenge is if you’re ONLY doing wholesale deals, you’re living from deal to deal; paycheque to paycheque.
And quite frankly, these cheques are way too small to get me excited....you need to know all these avenues in case something fits into one of these strategies and so you're truly a transaction engineer but focus here ....
It’s because when you’re wholesaling, it’s like if you’re flipping homes. You have ZERO residual passive income.
So to make good residual income AND big paydays, this is what I do instead.