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Updated over 5 years ago on . Most recent reply

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Mickayla Smith
  • Evansville Indiana
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How do I actually make money wholesaling?

Mickayla Smith
  • Evansville Indiana
Posted

Looked into wholesaling to start out with in the real estate investing industry. From my understanding, as a wholesaler, you are getting paid to find somebody a good deal. If this is correct, how exactly do you get that money? For example, if you find a deal for $10,000 and know a buyer that would be interested and sell it to that buyer for $12,000, that $2,000 goes to you as the deal finder but how exactly do you get that $2,000? Do you simply say in the open "I'm charging you $2,000 for finding this deal" and they write two separate checks? Maybe I am completely off on wholesaling but I was really interested in it after I heard a couple podcasts about it, so I wanted to get clarification before I go out searching for buyers and deals. 

Thanks! 

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