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All Forum Posts by: Jacob Cunningham

Jacob Cunningham has started 2 posts and replied 6 times.

Quote from @John Woodhouse:

Why are you interested in wholesaling lease options? I suppose it could be a niche that no one else is looking into in your area so you have an edge. 

I would just say before you try doing something unique like that, do normal real estate wholesaling. There are plenty of people on YouTube to teach this or sell you a course so that you can have a running start. 

one issue you might have with wholesaling lease options is that you might not have enough leads (lease option homes to wholesale). It's a system used more in a buyer's market. 

Also as a wholesaler, it's nice when you can work with the same end buyers over and over again. These would be the people in your market who buy a lot of homes. The end buyer that would be interested in a lease option would probably be someone who doesn't have much money, therefore they can't buy a deal very often. You'd need to find a new end buyer for every deal. That is if my understanding of lease options is correct.

Hope this was helpful. 

Thank you!! I’m still learning everything. 
Quote from @Joe S.:

There’s so many things that could go wrong with wholesaling lease options. I understand that’s my opinion. There are gurus out there that promote their course on how to do what you described. I’m assuming you got an ear full of one of these commercials or one of the knock offs.

Been looking into wholesaling and came across Joe McCall and some of his videos. 

Oh ok! Well thank you for that. So working with an agent is a no. So I guess I should stick to the lease and option contracts to avoid legal trouble. 

let’s say I want to begin wholesaling, maybe even wholesaling lease options. Can I work with a real estate agent? How would they be compensated for their time and effort? Could I have them handle a portion of the deal with the seller and end buyer for me? Would this be a JV between me and the agent? I would like an agents representation to avoid any legal grey areas and to network as well. 

Post: Where to start researching wholesaling

Jacob CunninghamPosted
  • Posts 6
  • Votes 2
Quote from @James Peterson:

Find a few local wholesalers that are doing business at a high level and ask how you can get involved...even if it's free labor.

Ok I will ask around! Thank you for your reply! Free labor would be a good way to learn, maybe even build up to JV a deal or two? I’m so excited! 

Post: Where to start researching wholesaling

Jacob CunninghamPosted
  • Posts 6
  • Votes 2

I’m completely new to real estate, I’ve looked at wholesaling on and off over the last few years, but always was nervous to start. Now I’m ready to push myself. What are some basic concepts I should learn before trying to find a deal? Everything I’ve seen focuses on the deals but not the process before like the contracts and terms they use etc. where should I begin?