Wholesaling is the topic that I get asked the most questions about. It seems people have a gap in the process somewhere and aren’t able to do a deal because of it. In this video I will explain the whole process from A-Z and how you can do your first deal. --- If you want to level up, text me at 725-444-5244! Get access to our community, coaching, courses, and events at Wealthy University https://www.wealthyuniversity.com/ Get high quality, motivated seller leads, on autopilot for your real estate business. https://www.leadkitchen.com/ --- When I first started my real estate investing career, I had no idea what wholesaling was. I was familiar with the term but I still didn’t get it. So I understand why so many other people feel the same way right now. The first thing to understand is that there are two parties in a real estate transaction: Buyer and Seller. Typically they each have a Realtor representing them, but sometimes they’re able to do a deal directly together without one. The benefit to this is that there are no commissions paid and more money can go into their pockets. Wholesaling takes that formula and adds a 3rd party into the equation. Essentially the wholesaler becomes the middle man to bring a Buyer and Seller together. This is very different from a Realtor. A wholesaler does not make a commission or represent either party. They represent themselves and are trying to make the spread between what a Seller is willing to sell for and how much a buyer is willing to buy for. Here’s how it would work. You as the wholesaler would find a Seller who is willing to sell at a discount. You would put the property under contract using my contract at FutureFlipper.com. Let's say the Purchase price is $50,000. Next you would find a buyer who wants to pay more than that amount for the home. Maybe they’re willing to pay $70,000. You would then assign your rights to the contract to the buyer for the difference. That difference would be $20,000 which is called the Assignment Fee or the Wholesale Fee. Now to be clear you did not buy the property. You have just sold your rights to buy the property. From here the Buyer is going to fund the deal through a title company and send $70,000. The title company would distribute everything accordingly. The Seller would get $50,000. The Wholesaler would get $20,000. The Buyer would get the property. That is wholesaling in a nutshell. Now there is a lot that goes into it. You have to find the deal and find the buyer. Those are the hard parts. In order to find good real estate deals you need to be able to create leads. This is done through marketing. Some examples of marketing are: Direct Mail, Door Knocking, TV Commercials, Billboards, Cold Calling, Texting, Ringless Voicemail (RVM), Pay Per Click (PPC), Search Engine Optimization (SEO), Referrals, and many more that I can’t even list. Once you use those channels to generate leads, you must then have the sales skills to close the leads. It means absolutely nothing if you spend time and money to generate leads, but you can’t get a seller to sign. So Sales Skills are very important. A book I like is “Never Split The Difference” by Chris Voss. It will help you learn to negotiate. After that you need to find some buyers for your deals. This can be done on Craigslist, Facebook Groups, Real Estate Investing Meetups, and much more. I could go in depth on all these subjects, but the point of this video was to give the overview of what exactly wholesaling is. If you have a particular subject you want me to cover, make sure you comment below!