Why Start as a Wholesaler?
Everyone talks about wholesaling. We know that we want to go out and make money. We know that we want to go out and put deals together, but why start as a wholesaler, right? There are so many other ways of investing out there to make money. Why would wholesaling be the best way to start?
Well, you have to break it down into what we call “Four Tier Groups.” Tier one would be wholesaling. Tier two would be lease options and seller financing types of deals. Tier three would be rehabbing. Tier four would be buying and holding properties.
What I want you to think about is where you belong. Where do you fit in? Are you in a position to just buy and hold and get to your passive income faster? Are you in a position where you could rehab some houses to where you can make bigger checks so you can move into tier four faster? Are you in a position right now where you could do a tier two lease option to create some cash flow to make some checks later on so you can build up through there?
I ask you those questions for a reason. The reason is because I want you to think about something. If you read the article “What is Wholesaling” and “How I Got Started,”you will understand that wholesaling is nothing more than an exit strategy. You should always be wholesaling the deals that you do not want. Make sense now? Good. The reality is that you should always be marketing for tier two, tier three, and tier four. You might not be in a position to do tier three or tier four yet, but you still want those deals because the money could come along, the financing could come along, and you are getting the deals that you need, but in return, the ones that do not fit your criteria or the ones that you can’t get funding for or the ones that just do not make sense in profits; then you wholesale those deals off. So, the question is not why you should be wholesaling. The question is why you are not wholesaling now?
I want you to think about that. Wholesaling will always be a platform in your real estate business. We call it the “A B Cs to real estate.” A stands for “always be wholesaling.” B stands for “because it always leads to flipping” which creates chunks of cash. C stands for “cause it creates cash flow.”
You want to wholesale to get into tier three to flip properties and make big checks. You take tier three’s profits and you go out and buy properties to hold them for income. Keep your eye focused on the prize, guys. I am going to tell you right now that the worst thing that can happen is that you can get caught up in this real estate market model and you want to go after passive real estate investing and you want to build that life, but then you get off track and you start wholesaling and you start doing lease options and rehabs. Then you create another job for yourself and you never truly focus on why you started. Remember, always stay focused on why you started and let everything else just be a stepping stone to get you to that passive cash investing.
So, guys these are the reasons why you should be wholesaling. That is why you should never stop wholesaling. Go out and make it happen. Listen, if you want the fastest way to get into wholesaling, jump on board with our co-wholesaling course – REI Quick Cash System, and we can skyrocket your business model as well.