INTRODUCTIONReal Estate: Owning it is the American Dream. It is a symbol of wealth and status. It's been this way for generations and it will be this way as long as there is an open market and land to sell. If you look into the past and the history of the richest Americans, 9 times out of 10 you will find that they used real estate as a stepping stone to wealth. Investing in real estate offers the everyday person like you or me the opportunity to get involved. It gives us the ability to build that wealth and that status. Create passive income that turns into freedom. Real estate is the great equalizer. In fact, with wholesaling you don't even need to have a bank account full of tens of thousands of dollars. You can start investing in real estate with minimal investment. Wholesaling real estate is a popular buzzword. Anyone who talks about investing in real estate; reads get-rich-quick books or visits real estate investor forums has heard of wholesaling. What is it about? How does it really work? Is it a scam or legit? Can I earn money with it? I take this opportunity to answer all these questions and more. The goal of this book is to not only show you how wholesaling works, but also how you can get into the industry. As a guide to wholesaling, this book will teach you the difference between wholesaling property and selling real estate. It will also show you where to look to find the best deals and how to know a good deal from a bad deal. It will also teach you where to find sellers and buyers and how to market to them. We will educate you on how to protect yourself and your investments while working in this competitive market. This will include guidelines on…half of the paper…price is the wholesaler's profit. Example: Wholesaler buys a car at auction for $1,500. Retail value is $3,500. The wholesaler sells the car for the retail price. The profit on the deal is $2,000. The same goes for wholesaling real estate, except you never actually purchase the property. You are selling your right to purchase the property. You are selling your purchase contract, not the actual property. This is why you don't need a real estate license to be a wholesaler. Wholesaling means selling a contract, NOT a property. Example: The owner needs to sell his house right now. “As is,” the house is worth $50,000. The wholesaler offers $35,000 cash. The seller accepts the offer. The wholesaler calls his customer who is looking for houses. He offers to sell the house for $45,000. The final purchaser accepts. The wholesaler uses the end buyer's money to pay the seller's selling price $35,000.