How To Wholesale Real Estate With No Money (STEP-BY-STEP)!

In this video, Stan Gendlin goes over STEP-BY-STEP how to wholesale real estate with no money!
Stan covers the IMPORTANCE of each step when it comes to wholesaling houses as a BEGINNER and how you can APPLY them to get started with your real estate investing journey today.
Entrepreneurs & professionals wanting to work closer with my team & I to get started wholesaling & flipping, APPLY HERE: www.realestateskills.com/appl...
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🏠Watch our FREE Training on How To Get Started Wholesaling & Flipping Houses WITHOUT Spending $1 On Marketing Here:
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Here are some of the topics we cover:
Finding a Mentor - Stan emphasizes the importance of seeking guidance from a mentor, whether through realestateskills.com or local REIA groups, to navigate the complexities of real estate wholesaling and avoid common pitfalls.
Understanding Local Laws - Before diving into wholesaling, it's crucial to familiarize yourself with the laws and regulations governing real estate transactions in your area. Building a relationship with an attorney can help you navigate legal complexities.
Researching the Market - Assessing the local market's potential for wholesaling is essential. By analyzing transaction volumes and sales activity, you can identify areas with high investment potential.
Building a Buyer Network - Cultivating relationships with potential buyers is key to wholesaling success. Utilize social media platforms, real estate groups, and networking events to connect with investors interested in purchasing properties.
Securing Properties Under Contract - Stan explains the process of securing properties under contract, emphasizing the importance of understanding contract laws and working with reputable real estate agents.
Marketing to Sell Deals - Leveraging your network of buyers, you can market the contracted properties for sale. Whether through assignment agreements or double closings, Stan provides insights into closing deals smoothly.
Assessing Benefits and Drawbacks - Stan highlights the benefits of wholesaling real estate with no money down, such as minimal financial risk. However, he also acknowledges the need for diligence and networking to succeed in the competitive market.
Timestaps:
00:00 Intro
00:22 Real Estate Wholesaling Overview
06:08 Finding A Good Mentor
06:45 Step #1
07:35 Step #2
08:07 Step #3
09:39 Step #4
11:30 Step #5
12:12 Step #6
12:54 Step #7
13:13 Step #8
13:51 Pros To Wholesaling Real Estate
14:36 Cons Of Wholesaling Real Estate
16:06 Conclusion
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📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.

[@RealEstateSkills]

🔥Watch our FREE TRAINING to learn how to Wholesale & Flip Houses from the MLS without having to do any marketing: realestateskills.com/training?el=h2swwnm

[@twotimes1k]

Definitely gives me more confidence in wholesaling in my area I’m from Florence SC

[@RealEstateSkills]

You got this @twotimes1k! Take the time to learn the process and take action. Welcome to the world of real estate investing! Cheers! 🏠

[@esfere]

Always very helpful

[@RealEstateSkills]

We're happy to help, @esfere! Cheers! 🏠

[@dontaedanielle]

When under contract with agent how do you assign contract to cash buyer. If contract is with agents contract

[@RealEstateSkills]

Hello, @dontaedanielle! You would fill out an assignment of contract addendum and assign the rights to the contract to your cash buyer. We actually just put out a video that gives you a good overview of the assignment of contract and how it works. Here is a link: kzbin.info/www/bejne/fGfRdaJjmrOkj6M Cheers! 📝

[@wambam5564]

Is Charleston, SC a good wholesale area? Thats where im located and im ready to get started

[@RealEstateSkills]

Hey there, ! There were just some recent changes to the legislation around wholesaling in South Carolina, but it is still a great place to wholesale real estate. We will be getting more updated information to give you soon. This is the link to Bill 4754: www.scstatehouse.gov/sess125_2023-2024/prever/4754_20240509.htm Cheers! 🏠

[@dhpark25]

Does the MLS method work in Los Angeles? Probably the most saturated and competitive market in the nation. Is any studenrs successful in LA

[@RealEstateSkills]

Yes it does, @dhpark25! Saturated just means that there are buyers and it is an active market. I would suggest building a good relationship with a few cash buyers and getting to know their buying criteria and then start looking for those deals to bring them. Cheers! 🏠

[@dhpark25]

Thanks for the quick response! the issue I'm running into is that the fixers on the MLS, they're priced at Retail and most of the time I'm about 100k off from their list price. They won't even entertain my offer..I know it's a numbers game but is this normal? Just keep making offers 100K less than their asking? @@RealEstateSkills

[@RealEstateSkills]

You will get plenty of no's so yes that is normal. Make sure you're talking with the agent on why your offer is lower. You can try to explain all the fixes that need to be done on the home and ensuring you're submitting a winning offer is key. We made a video that goes over step by step how to present your offers to get them accepted more often. Here is a link to that video: kzbin.info/www/bejne/gGnNpXRtm52pj6c Hope this helps. Cheers! 🏠

[@mginvestmentsolutions]

Where are you in SC? I’m in York County.

[@RealEstateSkills]

Hello, @mginvestmentsolutions! We're based in Greenville.

[@mginvestmentsolutions]

@@RealEstateSkills way cool!! A couple hours from me. Maybe sometime I can take you to lunch, hear your story, and pick your brain! Are you open to that?

[@mginvestmentsolutions]

@@RealEstateSkills I guess I should let you know I enrolled in Pro Wholesaler VIP a couple of weeks ago.

[@RealEstateSkills]

That's awesome and we're stoked to have you in our community! We can't wait to chat with you more in our bi-weekly coaching calls. @@mginvestmentsolutions

[@user-rg9mu5ox7x]

Can you do this under age 18?

[@RealEstateSkills]

Hey there! Yes, it's possible when done the right way & with the correct supervision. Here's a link to our in-depth guide to learn some more: www.realestateskills.com/blog/how-old-start-wholesaling?el=h2swwnm Hope you enjoy it! Cheers & Happy Wholesaling! 🏠