$20,000 in 3 Months Multifamily Wholesaling

Discover how multifamily wholesaling provided Jeremy with $20,000 in just 3 months. This was his first experience of wholesaling commercial real estate and he learned several few powerful lessons along the way that he will share with you too. Find out how Jeremy did it so you too can generate large amounts of cash in a relatively short period of time from multifamily wholesaling.

 

Meet First Time Multifamily Wholesaler Jeremy

Jeremy did not have any previous experience with multifamily wholesaling. He served active duty in the Air Force for five years and then served two more years in the Army Reserve while finishing an associates degree at a Community College and then later completing a bachelor’s degree in Computer Operations Technology along with a master’s degree in Cyber Security. After all that hard work, he landed a decent paying 9 to 5 job but he realized he still wasn’t getting ahead financially so he began researching how to build wealth and stumbled upon the Commercial Property Advisors YouTube Channel. Which later led him to join our Protégé Program for hands on training and mentoring.

How Jeremy Made $20,000 in 3 Months from Multifamily Wholesaling

This is how Jeremy made $20,000 in 3 months from multifamily wholesaling:

Month 1

Jeremy had a very busy schedule so in the first month, Jeremy was only able to complete our foundational trainings which taught him to the basics of multifamily investing, from how to find the best off-market deals, to how to talk to sellers, negotiate wisely, get contracts signed, find serious buyers and close the deal.

Month 2

Jeremy started his wholesaling endeavors at the beginning of month 2 by applying the marketing plan we provided to him for locating off-market sellers. The seller marketing plan was effective and he connected with a motivated seller quickly. Through our mentorship, he successfully negotiated a good deal and was able to get the Seller to execute a contract with $10 earnest money.

The Key to Wholesaling Multifamily

Finding off-market sellers is the single most important aspect of multifamily wholesaling. It’s a huge mistake to try to wholesale properties that are listed with a Broker. Multifamily properties that are listed with an agent are almost always overpriced. Furthermore, since listings are already controlled by a broker, you are unable to market it fully so that you resell for the maximum amount.

Month 3

Jeremy was in the money zone by month 3 because he had a good deal under contract with an off-market seller and all he had left to do was to locate a new buyer and get the deal closed. He followed our instructions on how to get the property maximum exposure to the multifamily buying pool and because he had structured such a good deal with the original seller, he was able to set a low asking price and get an immediate offer. The buyer was anxious to close so the deal closed in less than 30 days

3 Steps to Multifamily Wholesaling

Wholesaling multifamily can be summarized into these 3 steps:

Step 1: Find Off-Market Multifamily Seller

This is how the entire wholesaling process gets started. You first must find the seller of a multifamily property that is off-market, not already listed with a broker.

Step 2: Contract with Seller

Next, you have to execute a purchase contract with the seller in order to obtain the right to wholesale the property. Without a contract, you do not obtain an equitable interest and therefore you won’t be able to legally attempt to resell the property. Here’s a tip on how to make an offer on commercial real estate.

Step 3: Find the Buyer & Close

Wholesale the deal to qualified buyers for a fee. That fee generated by Jeremy was the fee he used to pay off his student loans. So, the better you are at finding off market deals, and I think we’re the best at it, the more money you will make wholesaling to your qualified buyers.

2. Act Now

Our commercial real estate wholesaling techniques are perfect for the person with a student loan debt burden. Don’t just sit there, do something about it. It’s ridiculous to wait twenty-two years to pay off your student loan debt. The mindset I want you to have is “never let good enough be good enough”. Don’t settle for twenty-two years or even ten years before paying it off. Never let good enough be good enough for you.

3. Get Educated

I’m going to offer you a copy of my new bestselling book, called Commercial Real Estate for Beginners. Click on the link and download your very own copy.
Commercial Real Estate for Beginners