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.”



Thank You for Listening!

 

Help Out the Show:

  • Leave an honest review on iTunes. Your ratings and reviews really help and I read each one.
  • Subscribe on iTunes.

 

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
Podcast Episodes
From Realtor To Flipper To Commercial Investing With Neil Timmins [not-audio_url] [/not-audio_url]

Duration: 27:29
Today's Guest: Neil Timmins Neil is the CEO of Legacy Impact Partners and has invested in real estate opportunities ranging from houses and apartments to industrial and medical offices. Neil’s entry point into the indust…
How To Raise All The Private Money You'll Ever Need With Jay Conner [not-audio_url] [/not-audio_url]

Duration: 39:56
Today's Guest: Jay Conner Jay is a “real estate magician,” a proven expert in the private money space, and has been a full-time real estate entrepreneur for 14 years. Since his encounter with private money in 2009 after…
5 Minute Success in Real Estate with Karen Briscoe REWIND [not-audio_url] [/not-audio_url]

Duration: 42:58
Today's Guest: Karen Briscoe Karen is the principal owner of the Huckaby Briscoe Conroy Group (HBC) with Keller Williams. The HBC Group has been recognized by the Wall Street Journal as one of the 250 Top Realtor® teams…