Join the top Wholesalers in Texas at the RA Summit, as we delve deep into the world of Real Estate Wholesaling.
What is Real Estate Wholesaling?
Simply put 'flipping' a Real Estate purchase contract is called Wholesaling. A wholesaler would lock a property under a purchase contract from a seller and then turn around and assign the contract to an investor (end-buyer) in exchange for an assignment or wholesale fee.
Well it isn't - simply because most wholesalers don't do it right. They either use in-correct contracts or use fill them in-correctly, don't know how to use the earnest money clauses properly, spend too much or too little in marketing and on & on...
What is the right way to Wholesale?
There are many things, but if you do two things right you're on your way.
Disclose fully your intensions of assigning the contract and use a seasoned Title company. Hold your horses as we go over more details at the April RA Summit