How to become a wholesaler? This is a question that I kind of get a lot and
the answer will really surprise you. So, I'm going to tell you exactly how to do it.
We're going to go step by step and you are going to love every moment of it because
this is going to surprise the heck out of you. Let's go.
Welcome back. You want to become a wholesaler but you don't know how? I'm
going to tell you exactly how as I always do. Please go ahead and take a moment and
subscribe to my channel. Go ahead and click that little notification bell so
you don't miss any of the content. As you know, you're basically getting a free
course right here for free. So, go ahead and like this video so that I can keep
bringing you content. We're going to talk about my biggest mistake and how you can
avoid it. I'm going to teach you exactly what you need to do to become a
wholesaler today so that you can start going and get a check in like the next
few weeks, not months. Let's get to it. Wholesaling real estate is an absolutely
amazing thing to do and it's a really great way for people to get into real
estate investing that don't have a lot of money and may have bad credit. In fact,
it was actually how I started in real estate after I have failed. Really
quickly, I'll tell you so that you can learn what I did and you can actually do
it even better than I did. So, as some of you know, I actually used to work a very
boring corporate job and then I quit my job using real estate. But before that, I
actually was investing in real estate in 2004 and 2005. And I had absolutely no
idea what I was doing and I ended up in my parents basement broke and bankrupt.
So, fast-forward to what I learned in that basement and how I got back into it.
Actually got a coach and he taught me wholesaling. And it changed my life.
Wholesaling is basically when you find someone with a property problem, you
market to them. You get them to sign a contract for one price and then you flip
that contract for a higher price. Either you flip the whole contract or you
accept an assignment fee. And this was an amazing thing that I had never even
heard of. But the more important thing that I learned was how to find and
market to people that had property problems. So, the mistake that I have made
and what ended me up in my parents basement was I was trying to flip houses.
And I mean I did actually make some money flipping houses but really, I
didn't know what I was doing and it was just because it was 2004 and 2005. And
prices just kept going up on properties if you just wait it. But we are way past
that. That stuff does not work anymore. And like I said, I
ended up bankrupt doing it that way. So, the problem with what I was doing
though was that I was paying too much for properties when I got them. I had
never heard of wholesaling. I did not know that you should market to people
with property problems. That you could get properties at below market value and
then fix the property and sell the property. So, then once I found out about
this whole concept of wholesaling, I started marketing like crazy. I was
putting out signs, I was mailing letters. I have my target niches and I was making
a killing. I was finding properties that were... You know, people that were in
foreclosure. At the time there were tons of people that were in foreclosure. And I
would market to them. We would get the properties under contract. Fix them up
and then sell them. That was what I did with my coach. But then I was a little
afraid to quit my job. So, he told me "You don't have to actually fix the property.
You literally can just assign the contract to someone else and they'll
repair the property." Oh, my gosh. Did that work for me because I had a job.
So, I'm marketing to people. I found them and I'm flipping those contracts. And I'm
making about $5,000 per deal. And it was really good. And I'm telling you, you can
do the exact same thing. The first thing that you need to do is just set up your
business. I got an LLC. Now again, I am NOT a tax attorney or anything like that. You
need to get your own. But I got an LLC. You can get a C corp, you can get an S
corp. You can even do a DBA which means doing business ads. Again, I'm not going to
advise you on that. But you want to go ahead and establish yourself as a real
business so that you can accept payments legally. Because with the wholesaling, if
you want to do it the right way, you want to be paid legally. You want to
track the income so that you don't get in any type of trouble. So, you're also
going to have to get your EIN number. And again, this is completely free. EIN,
actually the N stands for number. It stands for employer identification
number. And it's completely free. You just go to the IRS and it's what you will get
to go with your business. And then the last thing that you would just need of
course is a website possibly, a phone number. Not your own cell phone
number. Little things like that. Not anything
that's too expensive and not anything that takes a long time. But this is what
you do to establish yourself. So, as soon as I did those things,
I was actually further ahead of so many other people that were so-called
wholesalers. Many of them were just guys who said they had learned a
trick, they knew about wholesaling. I didn't. But many of them never took the
time to actually establish themselves as a business. And because I did that, I
would go in and I would seem so much more credible than they were even though
I was like a loser living in my parents basement. I had my business license, I had
business cards and I came off very professional. Additionally, my coach
taught me how to speak the language. So, I knew what the acronyms meant. Things that
I'm teaching you. I knew how to speak the language and I knew how to relate to
people. Things that I'm teaching you. Super easy. So, lo and behold, I'm getting
$5,000 per deal and then I'm able to quit my job. That's really the key to
this. All you have to do is know who you're targeting and set yourself up as
a business and you're a wholesaler. So, all you have to do is those 2 things
and basically, you are a wholesaler. Alright, guys. You've got this. I've given
you everything that you need in this video and on this channel. Like I said, go
ahead and subscribe if you can. This is one of the fastest growing channels on
YouTube. Thanks to you, guys. I'm making sure that I give you a full real estate
course right here for free. And I have another awesome opportunity for you, guys.
If you wanting to get into this and you don't have a lot of money and you don't
want to get into any debt, whatsoever, go ahead and check out my company that you
can be an owner in. Nuurez --NUUREZ.com absolutely free to come
onto our calls and learn about the business and how you can own hundreds of
properties without ever going into debt and without spending very much money.
Alright. To your success.