I want to talk about wholesaling property. This is a strategy that does not use an investors credit or require any money to complete the deal, as long as you know what you are doing.

Here is how wholesaling works: An investor find a property well below its market value, gets a contract on the property to purchase it, and then re-sells the CONTRACT to another investor to complete the purchase! You do NOT do anything with the property except get it under contact and SELL the contact to another investor who is looking for a deal! That’s it! Its as simples as that! You can sell this CONTRACT for $2,000 - $20,000+ profit!

The hard work is finding the property at a discount. Searching for these discount properties take a lot of time, research and leg work however, once you get a property under contract for the right price, you will all almost always find a buyer if you were able to secure a good deal.

People who like to do “fix & flips” and “rehabs” are typically working on properties and they don’t have time to look for their next deals. These investors use wholesalers to find cheap deals so they can purchase the contact and get right back to their next project. Fix & flip investors love to work with wholesalers since they do not have to take the time to find the next the project and they can have their repair crew’s move from one project to another without any down time between projects.

Many of the houses a wholesale investor will find will need a bunch of repair, but the more repair sometimes the better because you can get the property at such a discount. You just need to keep your eyes open for the right deal.

To find these deals, start networking with others and tell them that you are looking for “ugly houses” that are in need of repair. Get a real estate agent to start helping you find the right deals at great prices and start driving around looking for properties. You will want to have a Realtor run comparables on the properties you find and you will want to find these properties at 50% - 65% of market value.

Start looking, negotiating with sellers, get the property under contact at a good price and then sell that contract for a good profit! This strategy is all about the numbers!

Now, before you get into any strategy or put your name on any contract, you need to know what you are doing. You need to get educated, get your real estate team set up (lawyers, Realtors & buyers) and get others around you that have done wholesaling to help you with the fist few deals. There is a lot of time that goes into wholesaling however, it’s a great way to get into real estate with no money or credit, you are just using your time and knowledge of the market.

Now start getting educated and get out there looking for properties to secure at a discount! I am happy to help others learn this process, you just need to ask!


Curt Maly, Endurable Investments LLC. - Austin, TX

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