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Your First Wholesale Deal: A 4-Step Beginner’s Guide

If you’ve been wanting to pursue a career in the real estate investing industry but don’t know where to start, consider a wholesale deal.

The wholesaler’s motto is buy low, sell low. Wholesaling is the process of getting a property under contract and then assigning that contract to another buyer – one who plans on rehabbing it themselves.

While the commission check for a real estate wholesale deal won’t be as large as the one for a flip, rental property, or buy and hold; if you complete a few successful wholesale deals, you will have enough to put a down payment on a rehab property.

To complete a successful wholesale deal, you must have a solid grasp on how the process works – make sure to do your due diligence and educate yourself.  A wholesaler must also be disciplined and take their marketing campaign seriously.  Finally, all expert wholesalers are great communicators and always make sure that they have the proper legal documentation.

Breaking Down The Wholesale Deal

If a wholesale deal sounds interesting to you, start by following our 4-step beginner’s guide:

first wholesale deal

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