Has anyone ever tried real estate wholesaling?

[Tennisballz]

I have a buddy that is doing this.  I had honestly never even heard of it before.  I don’t know if he’s actually making good money and when I look for info on it, I just see a bunch of bullshit scammer types on YouTube claiming they make a ton.   He said he looks for dilapidated homes and tries to convince the owner to sell it for a discount…seems like a fucked to way to make money ripping off vulnerable people who don’t know any better.

[ProudVirgin69]

It’s the way to get into real estate if you don’t have any money to invest.  It’s grueling work though, you’ll contact hundreds of homeowners with no response before getting a lead.  If you have the salesmanship and persistence to succeed with wholesaling, I’d imagine there are many other more profitable ventures to pursue with those skills

Seems like the most money is made in wholesaling by selling courses teaching how to do it

[Tapeworm]

Never heard of it. Sounds like flipping fixer uppers as a cash buyer.

There's visually dilapidated and there's structurally dilapidated. Location, market direction, labor costs, etc.

Hiring squatters to move in and do shocking cosmetic damage that's solved with a repaint could convince owners to sell but I guess that's playing dirty.

[Dokey111]

It’s the way to get into real estate if you don’t have any money to invest.  It’s grueling work though, you’ll contact hundreds of homeowners with no response before getting a lead.  If you have the salesmanship and persistence to succeed with wholesaling, I’d imagine there are many other more profitable ventures to pursue with those skills

Seems like the most money is made in wholesaling by selling courses teaching how to do it

[Irongrip400]

My stepbrother does it and is very successful with it. He hustles though, so I guess it’s all in how much you put in.

[IroNat]

Never heard the term "wholesaling".

Sounds like a marketing gimmick to sell courses.

Buy distressed homes for less, fix up and rent or flip.

[benchmstr]

I do it a lot..I have 3 title companies I work with who will buy anything

Bench

[deadz]

Everyone wants to get rich selling real estate although maybe .5 to 1% do.

[Hulkotron]

Most real estate agents are whores in my experience.

[Rambone]

Have any Getbiggers ever nailed a realtor at an open house or a private showing? If so, include details.

[sync pulse]

It’s the way to get into real estate if you don’t have any money to invest.  It’s grueling work though, you’ll contact hundreds of homeowners with no response before getting a lead.  If you have the salesmanship and persistence to succeed with wholesaling, I’d imagine there are many other more profitable ventures to pursue with those skills

Seems like the most money is made in wholesaling by selling courses teaching how to do it

They target people with liens against the house...Liens are public records and there are companies that compile data bases of houses with liens.

You will get lots of South Asian sounding people calling starting at 8am local time.

[Humble Narcissist]

Most real estate agents are whores in my experience.

According to porn sites.

[ProudVirgin69]

They target people with liens against the house...Liens are public records and there are companies that compile data bases of houses with liens.

You will get lots of South Asian sounding people calling starting at 8am local time.

If there are liens against the house it can’t be sold

Everyone wants to get rich selling real estate although maybe .5 to 1% do.

It’s not a “get rich quick” thing by any means.  You can certainly build wealth but over a couple decades

[benchmstr]

Most real estate agents are whores in my experience.

If you are wholesaling with a real estate license you are handicapping yourself in a major way..never get a real estate license to wholesale!!

Bench

[Rambone]

I would try real estate wholesaling, but I’ve been too busy trying to find an NPC Charlotte Cup livestream

[Humble Narcissist]

Everyone wants to get rich selling real estate although maybe .5 to 1% do.

Easiest way to get rich in real estate is to sell courses on how to get rich in real estate.

[sync pulse]

If there are liens against the house it can’t be sold

They clear the lien as part of the offer.

[benchmstr]

They clear the lien as part of the offer.

The most I will offer is 35% of the value..it’s shocking how many people take the offer

Bench

[Tennisballz]

The most I will offer is 35% of the value..it’s shocking how many people take the offer

Bench

my buddy keeps trying to recruit me into doing it.  I just don’t feel right about offering someone a low ball offer for their home if I know it’s worth a lot more.

[benchmstr]

my buddy keeps trying to recruit me into doing it.  I just don’t feel right about offering someone a low ball offer for their home if I know it’s worth a lot more.

That’s on them..they don’t have to accept the offer

Bench

[Humble Narcissist]

The most I will offer is 35% of the value..it’s shocking how many people take the offer

Bench

They are desperate to sell.

[benchmstr]

They are desperate to sell.

That’s the idea

Bench

[IroNat]

'That's really bad advice': A real estate investor who owns over 1,000 units and retired at age 36 explains why 'zero-money-down' strategies like wholesaling will no longer work for investors in 2023

https://finance.yahoo.com/news/thats-really-bad-advice-real-024532244.html

[sync pulse]

...

[bhank]

I purchased a short sale townhouse in 2008ish for 210k that sold for 375k in 2005ish. They had 2 mortgages on it and both lenders had to sign off. I lived in it 2 years and put in hard wood floors before selling it at a profit. Not sure if that counts