How do real-estate wholesalers make money? How do they make money? Like what
are they doing to earn their money? How does that work? I don't know. I do know. I'm
going to show you how in this episode. Let's go. So, in this video, I'm going to tell you
some quick ways on how wholesalers make money. I'm going to tell you there's several
ways and show you all of the different ways. Number 2, I'm going to tell you how
you can start getting checks. You. And then lastly, I'm going to tell you how you
can secretly double your income as a real estate wholesaler. So, let's talk
about what is a whole sale deal. What does that even mean? Because I'm using the
word deal. We know maybe what a wholesale is but we got to talk about what a
wholesale deal is. Because wholesalers are people that professionally go out
and they market to find people with property problems. They market to find
people that want to sell their property below market value. Usually properties
that need repairs or properties that are falling apart. Maybe ugly homes or
properties where the seller is in some type of distress or situation where they
need to sell quickly. So, wholesalers are people that literally spin. They create a
whole career in a whole business around finding those people and then making a
profit. And so, when we talk about what a wholesale deal is, we're talking about
those properties that they have under contract. We're talking about the
properties that they have that they've gotten these sellers to sign contracts
with them. And now, what do they do? So, we know what a wholesale deal is but
how are they making money on this? We're going to really talk about that in this
episode. So, like I said, now that we know what a wholesale deal is, let's talk
about what we do and how they make money. So, me, myself; I'm a real estate
entrepreneur. I do lots of different things in real estate. I own rental
properties. I own apartment buildings. I have done wholesaling. I've done fixing
flipping. I've made millions of dollars investing in real estate. Probably before
ever you ever met me on YouTube, this is what I was doing before I came here and
started sharing this information with you guys. You know, I was in real estate
investing. '04, '05, I was a disaster. I ended
up getting a real estate coach around 2009. And I started wholesaling. And I
started wholesaling when I had absolutely no money and the worst credit
you could possibly imagine. Because like I said, I had done it before
in '04 and '05 when the market was much better. And I did not know what I was
doing. So, when the market crashed in '07, '08, I lost everything.
So, fast forward to now I'm starting again. Now, I have bad credit and I have a
bunch of foreclosures and I have no money. So, I get a coach and he starts
telling me about... I didn't say I just ran and I got a coach. I got found out about
wholesaling. And I got a coach and he taught me how to do it so that I can
start making money the right way in real estate. And this turned my life around. So,
when I started working again and now I knew how to wholesale, I was making about
$5,000 off each deal. And I'm going to show you how and tell you how
I did that. As a wholesaler, I had to start to find people with property
problems, okay? I had to find them. I had to market to them. So, my coach taught me
how to put out bandit signs which are signs that you put out that says,
"We buy houses for cash." I know you guys have seen those signs posted places.
You know, "We buy ugly houses, Cash for homes."
Those are bandit signs. Those signs that you see kind of all about... Okay? So, my
coach taught me how to put those signs out. And then the people would call me
and they would have some type of issue where they needed to sell their home for
cash. And so, what I would do is talk to those sellers. Tell them what we could
offer. You know, what houses were selling and how I could get them to
closing very quickly. You know, within a week, in 10 days. And my coach
told me how to do that. But the key to it was really around the marketing. So, when
I started going on these 3 websites and finding these people and putting out
signs... You know, really inexpensive because like I said, some of the money
that I did spend was putting out bandit signs. So, I'll spend a little bit of money
putting those signs out and then people would call me. And then when they called
me, I would get them under contract. So, give you an example. So, that the property
is worth 200,000. I got them under contract
for 100,000. I would just market that property for a little bit
more. Maybe 105,000. Maybe 110,000. And
then the money in between that what the seller was getting, that 100,000,
that was my money. So, even small beans. 100 thousand, I sell if for 105.
The house is worth 200,000. So, I get my 5,000. The seller gets their 100
thousand and the investor gets this property that they can fix up and sell
for $200,000. So, you do the math to that. So, this is amazing stuff
and this is how and why wholesaling is awesome and how you can make money
wholesaling. You're basically becoming a solution to people's problems. The
problem of the seller. Having a house that needs repairs or that they can't
pay for anymore. And then the problem of the investor. He wants to fix and flip
properties. He doesn't want to talk to sellers all day and look at properties.
So, I was the solution for their problem and that's how I earned at least $5,000
per deal. And then finally this is really it. I'm going to have to get a little close
for this. So, how you double? So, of course, people that are behind on their payments,
people that have a house that's falling apart.
That's one niche in a real estate investing. And I did very well with that.
But I'm going to tell you the real niche where I was doubling what everybody else
was making. And you got to be a little bit careful with this but I'm going to tell
you what the secret is. It was probate, okay? People that had houses that they
inherit it or someone died and it was a property and they needed to get rid of
it. That was one. Probate wholesaling. And again, I have an entire video of a link
below for you because I want you to watch that whole video on how you
probate wholesale. Now that you've watched this video and you understand.
And then the next thing was finding neighborhoods with an... With a lot of
elderly people. So, I'll give you the quick things how to find this because
this is super easy. In most places and most communities, there's these very
established neighborhoods where people have lived there for a long time. And you
can find these neighborhoods pretty easily and market to just those people.
So, I started getting people that were moving out of their homes into their
children's homes or they were moving out of their home and they were moving into
assisted living or they were moving into convalescent homes and things like that.
So, they needed to get rid of the homes really quickly. Same like probate. And
those properties didn't usually have problems, okay? They were not usually
falling apart. They were not terrible. They usually were in really nice
neighborhoods. They just needed to be updated. So, awesome. Old guy, 80
years old. House is in good condition but it's probably got green carpet and
yellow paint. You know, something silly. But it's a really good house and it's
almost always instead of being able to charge just 5,000 or mark it up
by just a little bit like 5,000 or 10,000,
I started making 30/40/50 thousand dollars on one wholesale deal.
So, I'm telling you this and I have the information below. If you need more
information you can always reach out to me and my team. This is what we help
people with. My students are making a ton of money doing this and I want you to be
doing this as well. So, that's what the key to this. Okay, guys. I think I have
shown you how wholesalers make money in real estate, okay? I've told you all the
different ways. I've shared with you how you can do it. How I did it. And how you
can get more information because this is definitely for you and you can
definitely make a lot of money doing this. And I really want that for
you. So, if you can, please take a moment and go ahead and like this video and
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see you next time.