What You Need To Know About Hiring a Wholesale Coach
What You Need To Know About Hiring a Wholesale Coach
Wholesaling houses is, by far, one of the easiest ways to make money in real estate. Unlike when rehabbing houses, you can generate income of up to $15,000 in less than a month. And most of all, you don't need a huge start-up money to get the ball rolling.
Also known as "flipping" contracts, wholesaling is a method of investing in real estate in which a real estate investor earns money by placing a property under contract and then assigning or selling that contract to an end buyer. Although it looks easy, this real estate investing strategy can be quite tricky, too, which is why you need to get a wholesale coach who will help you identify good deals from duds.
Having a real estate mentor or coach who specializes in flipping contracts can make your job much easier. A coach can provide you with the guidance you need to ensure the success of a wholesale deal. He or she can also help you come up with solid marketing strategies that will allow you to build a strong home buyer and seller's list. And most of all, a mentor can significantly reduce your learning curve and help you avoid making huge mistakes that can derail your real estate investing career.
Be warned, however, not all coaches are concerned with the future of their students and apprentices. There are some who in it for the money. For this reason, you need to conduct a background check before signing up for the mentoring program of a wholesale coach. If you fail to observe due diligence before hiring a wholesale coach, you might regret your decision to obtain his or her services in case something goes wrong with your partnership.
Take for example the plight of real estate investing beginner who is suing a popular real estate e-learning center. According to reports, the female student has filed a complaint against an online education company owned by a popular real estate mogul. The complainant claimed that the school has "tricked" her into spending around $60,000 on worthless seminars.
It wasn't clear what happened to the case but let this story teach a thing or two about hiring a wholesale coach. It is true that having a mentor can be a big help to your career but you also have to be careful when choosing the right coach.
Meanwhile, if you want to learn more about real estate investing, you can go to www.REIWired.com.
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