How Does Wholesaling Work Exactly

Investor Cheat Code Podcast with Mike Simmons

Highlights From The Show:

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another solo episode where I discuss the ins and outs of wholesaling. I can’t believe how many conversations I have had recently where people are interested in getting started with this investing strategy but don’t really understand how it works. I have been wholesaling at a high volume for seven years now and what to share that knowledge with my listeners! I hope you enjoy this latest episode of the podcast!

Notable Quotes:

“There seems to be a lot of gaps in peoples’ knowledge concerning wholesaling.”

“You have three primary people in a wholesale deal: the seller of the home, a wholesaler, and a buyer.”

“Part of building a business is building a reliable marketing strategy.”

“Someone has to receive those inquiries and we call them lead intake.”

“An acquisitions manager’s job is to ultimately negotiate an agreed-upon price between our company and the seller.”

“A dispositions manager’s job is to take the purchase agreement from the acquisitions manager and market it out to buyers.”

“The transaction coordinator works with the title company, supplies all of the pertinent documents, and gets a closing date set.”

“A bookkeeper is a very important member of your team regardless of the type of investing strategy you are employing. Everyone needs a bookkeeper.”

“Wholesaling is not hard, it is not complicated. Like anything else, it takes doing it once for you to feel comfortable in understanding the process.”

“We don’t make excuses, we make money and have success. We move forward. That is the mindset I want you to have.”

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More Resources From Mike:

• Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
• WINNING DIRECT MAIL - How to CRUSH IT with direct mail!
• Be one of the 100! Email me at [e-mail] or reach out via Facebook messenger @MikeSSimmons1