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I work with a lot of clients who come to me with some pretty inaccurate preconceived notions about real estate wholesaling. This video is all about wholesaling real estate for beginners. I share with you five wholesaling myths that you’ll have to unlearn before you can even begin.
The first myth is that wholesaling is illegal. Although there is pushback from the National Association of Realtors lobby, it is not. Some states have drafted legislation addressing the issue, but it’s not illegal to assign a contract or conduct a current close. You can avoid a lot of unwanted attention by not labelling yourself as a wholesaler.
The second myth is that wholesaling is real estate investing. It’s not; rather it’s an exit strategy, a flip. Whereas investing and holding can generate passive income, real estate wholesaling is more like a job.
The third myth that makes wholesaling real estate for beginners a challenge is thinking that it’s fast, easy money. It can be, but it depends on your experience, resourcefulness, desire, and work ethic. Are you willing to do what’s necessary every single day?
The fourth myth is that you need a big buyer’s list. A buyer’s list does nothing but provide you with a false sense of security.
Myth number five is that wholesaling is a road to financial freedom. You’ll be able to make money, but as soon as you stop flipping the money stops.
When it comes to wholesaling real estate for beginners, there is a very real learning curve. Learn as you go so that you can flip the properties you don’t want, but don’t rely on real estate wholesaling to give you true financial freedom. Only buying and holding can do that.
My name is Matt Theriault. When aspiring, frustrated investors are stuck in the proverbial “rat race,” they come to me.
I help these people create passive income through creative real estate investing strategies so their money works harder for them than they do for it, resulting in ultimate financial independence and freedom.
Whenever you’re ready, here are some ways I can help…
If you’d like…
✅ to brainstorm some ideas about your real estate investing and the potential of working together, watch this https://youtu.be/JQPTe2XzDVM
✅ to find off-market deals, regardless of market conditions, watch this https://youtu.be/nlRY5hw71iY
✅ to know how to present a deeply discounted offer to a seller so that they happily sign your contract, watch this https://youtu.be/CaAIuXKnN_M
✅ to learn the best way to make money investing in real estate next year, watch this https://youtu.be/nRdZ4kinmio
✅ a simple easy-to-follow “game plan” that pulls it all together, watch this https://youtu.be/cPGzti2jDfc
✅ to do deals and build wealth, check in here for weekly episodes and also subscribe to the #1 real estate investing podcast at http://epicrealestateinvesting.com – We give it all away for free and hold nothing back.
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🔥 to Go FASTER in Your REI Business, watch this https://youtu.be/JQPTe2XzDVM OR Text “FAST” to (505) 605-6065
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