The Magical Power Of Co-Wholesaling With A Real Estate Colleague

Co-Wholesaling is participating on one side of a traditional wholesaling transaction in order to profit.

This differs from a traditional wholesale deal in which you’d work both sides – finding and contracting a property AND lining up a buyer.

In co-wholesaling, you’re just doing one or the other, not both. Think of it this way…

Co-Wholesaling simplifies things because you either find the deal and someone else finds the buyer for you OR you come across an investor who has a deal they want to wholesale and you line up the buyer and get paid for doing that.

You’re basically bringing one half of the transaction to the table, which can go two ways…

Buyer Side: You find the buyer for someone else’s deal/property that they have under contract.

Property/Deal Side: You have a property under contract and someone else has a cash buyer.

Why Co-Wholesaling is so Awesome

One reason is because it greatly simplifies the money-making process. Co-wholesaling offers lower risk and a lower barrier of entry than traditional wholesaling. For instance…

Many times, investors have a deal under contract, but they don’t have a buyer yet. So, you can bring that buyer to the table, get paid, and there’s a ton of stuff that’s taken care of for you.

Like what, you ask? Well, you don’t even have to worry about contracting the property… or negotiating with owners… or putting down earnest money. Sounds nice, huh?

Just bringing the buyer to the table can be an easy way to make a quick profit on a property with pretty much nothing at risk other than your time.

Let’s Make it Tangible: The King Street Deal

Okay, I’d like to bring this home by giving you a real-world example of a co-wholesaling transaction.

This was a deal that I actually had under contract and needed a cash buyer for. It involved a small house on King Street in Alexandria that needed a ton of work.

I blasted the details of the property to my buyer’s list and put the info on my website… and an investor reached out right away who had a cash buyer. A couple weeks later, we closed the deal and split the assignment fee.

It was a great win-win-win: The seller got a fast cash offer; I made a few grand; and my co-wholesaler made a few grand for bringing me the cash buyer. Teamwork, people!

How Much Money can you Really Make Co-Wholesaling?

The potential is surprisingly more than most investors think.

Even those who do co-wholesaling tend to think of it as an afterthought or an add-on to their business, but increasingly more and more savvy investors in the know are discovering how they can build and entire business around co-wholesaling alone and how ridiculously profitable that can be.

Terry Brisco

571-372-0741 www.iamrealestate247.com