Learn the basics of wholesaling in a nutshell! Wholesaling involves putting properties under contract, usually distressed off-market ones, at a great deal below retail value. The goal is to buy low and sell quickly, often on the same day. After securing the property under contract, you plan to close the deal and then market the property for a higher price to a cash buyer or investor. The key is to have the intention to buy the property, even if you use the end buyer's funds for a double close. This way, you can make a profit without investing your own money upfront. That's the essence of wholesaling!
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** DISCLAIMER: Michael Slane and the Guests of our videos are not attorneys, CPAs, or financial advisors. All strategies, tips, suggestions, warnings, and recommendations included in the videos are from personal experiences and are intended for educational purposes ONLY. David Dodge and his guests do not guarantee any results and, as with any investment, risk should still be considered. It is essential for viewers to perform their own due diligence and/or seek the counsel of financial advisors, attorneys, and CPAs prior to conducting any business of your own. **
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