So, have you ever heard of a six-figure wholesaler? Have you heard of a
millionaire wholesaler? Have you heard about billionaire wholesaler? Probably
not a billionaire wholesaler. But it's okay. There's tons of money to be made
and I'm going to tell you how to do it in this video, let's go. Welcome back. We're
talking about how much money wholesalers make. 6 figures, 7 figures, 8
figures. We're going to be talking about all of that in this video. So, go ahead and
take a moment and subscribe to my channel. I am giving you a full real
estate course right here for free. And I am one of the fastest growing channels
on YouTube thanks to you. So, let's talk about not only how much money that other
people make as wholesalers but I'm going to tell you how I make even more than they
do and how you can too. And then I'm also going to give you this great trick that you
can do so that you can get started and start making a lot of money today. Not
with all information, none of this stuff that worked 10 years ago. I'm talking to
you about stuff that works right now. Let's get to it.
Wholesaling real estate is definitely a great thing to do to get started in real
estate. So, many of you already know it is kind of an entry level way to get
started investing in real estate without very much money without using your
credit. So, essentially, this is for people that may have bad credit and no money
but want to invest in real estate. And it's what I did to get started in real
estate the correct way. And what I use to quit my job. So, let's kind of talk about
what that means. Really quickly, all you have to do is
market to people that have property problems. You get them under contract and
then you flip those contracts for an assignment fee or you mark the price up
for higher than you got it for. So, it's kind of go through that and give you a
quick example. I would market to people in the beginning. You know, since 2008.
Sorry, actually 2009, 2010. There were a ton of foreclosures. So, I targeted people
that were in foreclosure. You know, behind on your mortgage
payments. You I ain't going to take the house. And in many
cases, they were going to be losing the house they were going to be losing the
downpayment. They're going to be losing all of the money that they put into it. And
the bank was taking the house back. So, I was offering them this awesome solution
where they did not trash their credit further. They did not have to actually go
through the whole foreclosure process, okay? Which is very embarrassing for
people. Sometimes their stuff is thrown outside. Your neighbors know. They put
signs on the door. Those people were in major, major distress. So, when I would
reach out to them and tell them, "Hey, look. I have this awesome way for you to avoid
all of that. All you need to do sign this contract.
I'll buy the property for you." And then what I would do as the buyer, I would put
my company name and I would put and/or assigns. That gave me the right to assign
the contract to someone else that could actually close on the property. And I
could also assign it at a higher price, okay? Or for a fee. So, let's give you a
quick example. I'm finding these people that are in foreclosure. They're losing
the house. They lost their job. They're losing everything and they just need
something cheaper, okay? So, in many cases, their mortgage may have been $2,000 a
month. And they had to take a job where they're
making a lot less money so they need something cheaper. The house is not the
problem though. The house is fine in many cases. It's just they can't afford it. And
they don't know what to do. So, we would negotiate and I would get a contract on
the property. Let's just use round numbers for $100,000. And then I would
find people that were interested in rental properties or fixing and flipping
the properties. And then maybe for example I would just give them one that
$100,000 property for $105,000. And then I made
$5,000 in the process. That's what wholesaling is. And I got
really, really good at it. And you can too. The number one thing that you need to do
to make this all work for you is 1, establish yourself as a business. I tell
you that all the time. Get your LLC, your S corp, your C Corp, your DBA. Whatever
that is for you. I'm not going to advise you. I have a whole video that teaches you on
that. But you want to establish yourself as a real business
so that when your meeting with these sellers, you're not coming off as just
some person. You're coming off as an entire company. You seem a lot bigger, a
lot more credible. And it really, really works. And so, what I would go into these
sellers, I would talk to them and find out what was going on in their situation.
You have to be very empathic. That's the number one way to make a lot of money.
Remember, you're going to people that are in financial distress, they're losing
their property. Maybe someone died. Maybe someone got sick. Whatever the situation
may be. They are in a tough situation and they're just looking for a solution. So,
fast forward. I became their solution. I would explain to them what happens in a
foreclosure. How they were going to get dragged out onto the lawn and how the
sheriff was going to come and take their stuff. I would basically explain to them
what happens if they didn't sign the contract with me and let me help them.
And then, I do what I said. I would help them. So, again, if you're helping someone
and you're bringing value to the situation, that's how you earn your fee.
And that is how I started making 6 figures. And to this day, I still
wholesale property. It is still a part of our business. And although we have a
seven-figure business, wholesaling and flipping contracts still equates for
about at least $100,000 of our revenue. We still market
to people with property problems. And they call us with all different
situations and we do different things with the properties. Some of the
properties we keep and we fix and flip. Some of them we put tenants in and some
of them we wholesale to other real estate investors. And we make a fee.
There's so many different things that you can do to help people. And it's not
just about getting the contract and marking it up. There's tons of things
that you could do. I'll give you a quick example. Sometimes when I will go into
those situations with those foreclosures, the person may have old kind of too much
on the property and we'll get on to some calculations. Actually have a whole video
on how to calculate. But just say for example the house was worth
$100,000 and they still owed about $100,000. So, in
many cases, it really wasn't a great deal for an investor. But they couldn't afford
to keep that property and I still wanted to help them. So, another way that
you can make money is finding a tenant for them to help them in that property.
Finding investors that have tenants that are looking for properties. Find
investors and get investors that have people that want to lease purchase
properties. I mean, the list goes on and on and on. I'm telling you, I have
students and my team are making so much money doing some of these things that
I'm telling you right here for free. And that's just what you do. You seek out
people with a property problem and you offer them different solutions and you
get paid for that. That's the key to it. And so, that's how I turn this into a
6-figure business. No, I've never made a million dollars flipping houses. In fact,
I don't know anybody that has because a million dollars a year is...
What is it? $83,333 dollars per
month. So, that's kind of a lot of money to make just picking up fees.
5 thousand, 10 thousand. Now, again, you can make a lot of money. Like I said, at least
$100,000 a year we're making. However, you use wholesaling to get you to that next
level. So, I'm working my corporate job. Let me take you back. And I'm getting
those $5,000 what do I get to do? Pay down my debt. Now, I can
quit my job. Now, I got a little bit of change in my pocket. Guess what I can do
now? I can flip that house. Instead of taking that contract and just picking up
$5,000, giving it to another investor and then he flipped the
property and make a whole bunch of money, now, I got a little coin. I'm going to go
ahead fix and flip the property myself. And the average profit on a fix and flip...
Again, look this up. This is not just Noelle saying it. It's
$65,520. So, really quick. I know you can do the
math to that. You don't really need a lot of flips to make a lot of money fixing
and flipping. And that's why there's a lot more millionaire flippers
then there are millionaire wholesalers. However, wholesaling is the key. You don't
even want to flip houses until you really know how to wholesale.
Because that's where the money is. It's all in the marketing. You know that's
what I'm teaching you and that's how this thing works and that's how you make
a ton of money in the process. Well, that wraps up this episode. And I have told
you how much wholesalers make. I shared with you how much money I make and I'm
going to help you make the same money. Go ahead and remember and subscribe to this
channel so you can keep getting all of this information for free so you can do
these same things and start getting your checks too. To your success.