How to make $100,000 a year Wholesaling Real Estate (What is Wholesaling Real Estate)

In this video Matt breaks down what wholesaling real estate consists of.

Is wholesaling real estate a real thing? Are people actually doing this in real life? how much money can you make wholesaling real estate? what does it take to become a real estate wholesaler?

Bird dog/finders fees usually are a smaller fee (compared to wholesaler fee). The reason for this is the bird dog has only found a potential deal – they haven’t negotiated and came to an agreement with the seller – they’ve simply found a property with potential or a motivated seller.

A wholesaler actually get the property under contract and either assigns (flips) the contract to someone else (while collecting a fee) or they may even double close it. (The close on the property and then immediately resell it).

Why would someone wholesale real estate? There is a variety of reasons – primarily the wholesaler may not have the time, money or team to execute on this property – they may have just stumbled into an opportunity outside the scope of their usual investing strategy.

Many wholesaler can frequently collect a 10% fee. (If the property under contract is $300,000 they collect a $30,000 finders fee.

Why would someone buy from a wholesaler? It’s simple really – if they can still profit from it why wouldn’t they want the opportunity? Take real estate flippers – many of them are really in the renovation business and have built a team and system to execute the renovation side of the business – however they may not have built the team or have the skills to find the distressed properties that they need in order to flip. They simply outsource the deal finding part of the business, and focus on their core competencies.

Matt McKeever

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Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this YouTube Channel Matt will walk the viewer through how to invest in real estate using such strategies as the BRRRR method while also documenting his personal experience as a real estate investor. Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College. In 2016 he’s acquired over 25 units.

As well on this channel Matt will share his personal monthly spending and discuss the strategies and tactics needed to reach financial independence (retire early) at a young age. We’ll discuss such topics as safe withdrawal rates, how to build passive income streams and how to reduce your personal consumption.

20 thoughts on “How to make $100,000 a year Wholesaling Real Estate (What is Wholesaling Real Estate)”

  1. I'm a bit confused, what gives you the ability to "have" the contract, like are you buying these 300k+ houses then selling the contracts? Isn't that a huge investment that requires mortgages, etc. and if your not what is stopping the people you try to "sell" the contract to from just not paying you and going straight to the person selling the house?

  2. If you looking for any Wholesale deals in Eugene Oregon, or Oregon in general please think of me! Thank you for doing what you do!

  3. Hey! Just discovered you, just getting interested in real estate investing and wholesaling. Thank you, I find your videos super educating !!

  4. Also, when you say that wholesalers will find a house for 440k on MLS and "sit on the contract" ,….. what exactly do you mean? How would you lock down a contract like that without having to go through the actual process of buying the house?

  5. Question: if the so-called bird dog comes to you and says "hey, this is a great deal. I don't have the money, but i will only charge you 2k finders fee" ……. what is to prevent the person from simply taking the deal and paying them nothing? I mean, if they are not "tieing up the deal" like a wholesaler would, what mechanism do they really have to ask for a "finders fee."

  6. I really want to play around with wholesailing, currently I have an investment company with family that employs the buy and hold method. We just rent multi family for cashflow and keep it long term. But i'd love to play with wholesailing just to understand it…

  7. Q: if i refinance my current house and rent my basement to help pay for the finance. Then I take that equity and book a new house still being built then when it's complete sell it will the value be higher of that new house?

    Or

    Q2: Take the equity use it get a few houses put them on mortgage and then rent them out to students so each room and basement will be rented out two/three ppl per room.

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