How Does Wholesaling Work Exactly

How Does Wholesaling Work Exactly

Author: Inspiring interviews with today's most successful real estate investors! February 16, 2023 Duration: 22:20

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:


Mike Simmons hosts Investor Cheat Code Podcast, a series built on the idea that the most effective strategies are often the personal ones not found in any textbook. The concept is simple: in video games, a cheat code is a hidden key that unlocks advantages, and this podcast applies that same principle to building wealth through property. You’ll hear inspiring interviews that go beyond surface-level advice, diving into the specific routines, mental frameworks, and sometimes counterintuitive tactics that today's most successful real estate investors actually use in their daily operations. Each conversation is designed to uncover those nuanced habits-the real cheat codes-that have led to tangible results for top performers. Rather than offering generic tips, this podcast focuses on the actionable and often overlooked details that can accelerate your journey. It’s for anyone interested in the practical realities of investing, entrepreneurship, and business growth, delivered through candid discussions that feel like you're getting direct access to a mentor's playbook. Tune in to discover how subtle shifts in strategy and mindset can unlock new levels of opportunity in your own portfolio.
Author: Language: English Episodes: 100

Investor Cheat Code Podcast with Mike Simmons
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