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Is Real Estate Wholesaling The Perfect Fit For New College Graduates?

by blogger1
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on Thursday, 23 July 2020
BestTransactionFunding

 

Thanks to the COVID-19 pandemic, many 2020 graduates are having a hard time following their original plans. Employment options are scarce, and money is running low.

Real estate wholesaling can be a platform for professional growth, income and an opening to a different career path. It requires no previous real estate experience, no construction knowledge and can be done COVID free. It may be a more unconventional path for those who recently went through college and thought they were headed to corporate America, so how does it work, could it be for you?

Wholesaling is a practice popular with rookie investors and experienced real estate enthusiasts alike. The wholesalers essentially work as the middlemen of the real estate world. They are in charge of finding good properties, assessing them, and selling them to other real estate investors and home buyers..

How does it work? Through networking, both with acquaintances and online, attending REIA (Real Estate Investors Association) meetings, marketing and new online tools the wholesaler meets people interested in selling their property, and people interested in buying it. The best properties for wholesaling are those which are undervalued or are owned by motivated sellers..

The wholesaler will meet with the property owner (virtually or in person) and, once the price is determined and the owner agrees to contract conditions, the wholesaler negotiates a deal with a final buyer and creates a percentage profit for themselves.

While wholesaling requires no experience, it takes some marketing, making it a perfect opportunity for business and communications majors alike. A successful wholesaler needs to sell their property and themselves to their clients. No one will sell to or buy from an unprofessional or untrustworthy person. The wholesaler creates rapport by listening to the buyers’ needs and offering them properties of their preference. They treat their property owners respectfully and list the contract conditions clearly.

For graduates looking for an income and career with minimal risk and high returns, wholesaling may be the steppingstone to their new lives.

Best Transaction Funding also offers a referral program which enables you to earn simply by referring other wholesalers to lenders who will provide them 100% of the funds they need to buy property.

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