Fort Worth Wholesale Property – What Makes A Wholesale Real Estate Deal A “No Money Down” Deal?
Other than a very small “Earnest Money Deposit” of $ 100.00 or less, the Wholesale Investor never spends another dime putting profitable wholesale real estate deals together!
Wholesalers are never the “end-users” of the real estate that we put under contract with motivated sellers. So, wholesalers avoid most of the typical real estate investing costs that the “end-users” will have to deal with.
Such as:
- Holding Costs
- Repair Costs
- Closing Costs
Successful Wholesalers NEVER pull a dime out of there pocket after the sales contract is finalized between themselves and the motivated sellers.
As wholesalers we are just transferring the interest in a real estate contract between the original seller and ourselves, directly over to the “end-users”. The end-users are our Investor/Buyers that want to take ownership of the property that we have under contract with the Motivated Sellers.
The end users are the ones that will be buying-fixing selling or renting-out the property we have an interest in. The “end-users’ are the ones who will be putting their money into the deal – not the wholesaler.
Wholesalers keep their money in their pockets where it belongs. Wholesalers DO NOT risk their money. Wholesaling is the most RISK-FREE type of real estate investing with out a doubt! If money is needed out of pocket, most wholesalers go to a private money real estate lender.
So, other than our very small earnest money deposit ($1.00 to $100.00) the wholesaler truly will always be working in a “no money down” deal environment. Remember, only the end users in a wholesale deal invest and risk money!
Meaning, we only pass the interest in the real estate in question from one party to the next party and collect a fee for doing so. We are sort of acting assistants to owners of distressed real estate. Making a connection between Motivated sellers and their distressed property, and the Investor/Buyers who want to own those distressed properties.
And for providing this service, the wholesaler gets paid a his fee. Once the Motivated Seller and the Investor Buyer have been joined together by the Real Estate Wholesaler, the Real Estate Wholesaler is paid his Assignment Fee , and is then “out of the deal” forever! Then its on the next profitable Wholesale Deal for the Real Estate Wholesaler.
“assigning his contracts” to other investor/buyers commonly, this technique is known as assignments. The Texas Gals are dedicated to helping others succeed through understanding and applying their time tested, step-by-step approach to wholesaling houses.
Dallas Wholesale Properties
