• Tweet

By Than Merrill

Part 3 of 3 – See Part 1 of Wholesaling Real Estate & Part 2 of Wholesaling Real Estate

To learn more about Wholesaling Real Estate, look at Wholesaling For Quick Cash

Are you not convinced that wholesaling is the best niche of the real estate industry to operate in? Do you need further convincing or should I beat it into your head with my wiffle ball bat? Well, let me share some other benefits with you of how awesome wholesaling really is!

Wholesaling Real Estate is a Great Way to Learn the Business

Wholesaling is an invaluable way to learn the real estate business and all the creative aspects of what it has to offer without having to risk much of anything. From discounting mortgages to double closings, you will learn everything there is to know about completing complicated multi-party transactions. Other niches of real estate may have the potential for a larger upside, but in return the risk and time required to complete projects is generally greater. As a wholesaler, once you learn how to structure contracts properly you will realize how easy it is to work this business with little to no risk. In fact, most of the risk you take will not occur in the option or contract stage, but rather during the lead generation stage. Most of the business capital required initially will be committed to making your phone ring not to purchasing properties. The funding for the properties will come from the ultimate buyer, who you will end up recruiting.

Wholesaling Real Estate Can Give You Control of your Lifestyle

As a wholesaler you will need to spend some money during the course of business as it will be hard to operate your office, your lead generation programs, and sales department without spending some money. These aspects of your business will all require some capital to operate, however you will not need huge cash reserves to get started as a wholesaler. The reason is because most of the time you will be using other peoples money (OPM) to operate your business. When you find a buyer before you have to close on the deal you will be using their money to fund the transaction. If you have to close on the property yourself then you will rely on either the sellers existing debt, hard money, or private money to fund the deal. Furthermore, the more you understand about the creative side of transactions the less you will have to use your own money.

Working a nine to five job swapping time for money can be incredibly disappointing. After the futility of it finally hits home, you will realize that being your own boss may not be such a bad thing after all. This is one of the things I enjoy most about being a wholesaler because I have never ever wanted to work for someone else. I am not sure if I could handle it mentally and physically. I love the feeling of waking up everyday knowing I control my own destiny. I have never wanted my destiny controlled by someone else. (Just ask my mother…she will tell you!)

Creative Control of your Business

Working for a larger company with long established systems, positions, and defined job descriptions can make a company profitable, but literally drain the life right out of its employees. People need to have a certain amount of creativity in their daily work environments and feel like their ideas and insights matter. If the company doesn’t allow for creative input of its employee into the way it conducts business it will surely stifle growth. Employees will dread going to work and when they are present their minds will be someplace else. If this sounds familiar or if you have ever worked for someone else, I am sure at one time or another you may have felt this way.

In contrast, as the owner of my own company I have never felt this way. I can tell you there has never been a single day where I have rolled out of bed not looking forward to what my day would bring. In fact, there are many nights I lay awake at night excited about different creative ideas rolling around in my head and how they will revolutionize my business. If how you presently earn a living lacks creativity I can tell you there will be no shortage of this in your new business.

Creativity is what spawns innovation and systemized innovation is what generates revenue. Realizing this fact, I always dedicate a certain amount of time each week to developing some of my creative ideas. In fact, it is not uncommon for me to spend an entire weekend working on a new aspect of endeavor within my business. My business is my baby and something I absolutely love to work on. This is the difference between working for someone else and owning your own business. This difference I speak of is hard to internalize until you have your own business up and running. However, when you do take the leap, you will soon realize it was the best move you will ever make.

For information on wholesaling real estate and real estate marketing techniques that will generate leads, take a look at Than Merrill’s Marketing and Wholesale Bootcamp information page.

This is part three of a three part series on Wholesaling Real Estate. To find out more about our life changing home study courses and live seminars, see them using the corresponding links or email us at info@fortunebuilders.com. **The reason they don’t film wholesalers on shows like “Flip This House” is because there isn’t enough drama. It is just papers being signed and checks being cashed. Not much fun for T.V. but a hell of a lot of fun for investors!

**Wholesaling RULES!