Summary: In this episode, we’re again continuing our series that’s all about keeping it simple and focusing on the basics. With me, once again, is the co-author of our book, Brilliant at the Basics, the awesome Peter Vekselman. Today, Peter and I are gonna talk all things nuts and bolts of wholesaling. We believe – and teach this to others – that if you don’t have a solid foundation to work from, success may not be achievable. You must master the basics. Period. We’re gonna cover the basics of wholesaling today. Wholesaling is actually the majority of how both Peter and I do our deals. Meaning, we get a property under contract at a discount and resell it at a higher price for profit. We’ll even walk through an example deal to really show you how it’s done. So, here we go… Watch and Enjoy: https://www.youtube.com/watch?v=KJWLazrVAaA What’s inside 2:10 – Peter defines wholesaling 3:40 – The steps needed to wholesale a deal 7:35 – A wholesaling example with actual pricing and numbers and how to handle the deal 11:13 – Joe’s tells us what some of the benefits of wholesaling are 13:56 – Peter provides even more benefits of wholesaling Mentioned in this episode Joe and Peter’s <a href="http://www.freebasicbook.com" target="_blank">Brilliant at the Basics</a> free book <a href="http://www.zillow.com" target="_blank">Zillow</a> <a href="https://www.linkedin.com/" target="_blank">LinkedIn</a> Peter and Joe’s <a href="http://www.peterandjoe.com" target="_blank">Apprenticing and Partnership Program</a> Tweetables [Tweet "With the right paperwork and end-buyer in place, you will be able to do Double Closes"] [Tweet "Whoever controls more real estate, in the end, is going to make the most money"] [Tweet "When starting, don't mark up props a ton. Experience doing a deal is just as important as making $"] Transcription: <a href="http://www.realestateinvestingmastery.com/wp-content/uploads/2015/02/REIM-Brilliant-at-the-Basics-Part-5-What-is-Wholesaling.pdf" target="_blank">Download episode transcript in PDF format here...</a> Joe: Hey, everybody! Welcome again. This is Joe and Peter. We are at the Real Estate Investing Mastery Podcast. Glad you're here. A lot of you guys maybe listening to the audios, and you may not know that we have a video of this podcast. But, if you go to realestateinvestingmastery.com, you can see the audio and the video there. And, a lot of the stuff that we're going to be talking about in this podcast series, Brilliant at the Basics... We may have some downloads or some things that we give you - spreadsheets or checklists, maybe even some contracts. When we're sharing things... If we have anything that we need to share with you, we'll put that in the show notes, okay? But this is the "Brilliant at the Basics" series that we're doing for the Real Estate Investing Mastery Podcast. I'm Joe McCall. I'm with Peter Vekselman, and this is the second one that we're doing now. We're going to be talking about just a quick basic introduction to what is wholesaling. And, a lot of you guys know this, but some of you may not. Maybe, some of you need to get a good refresher on it. Because, this is the majority of how we do our deals. Most of our deals, we get it under contract for the discount and resell it at a higher price. So, we're going to dive in to what is wholesaling, look at an example deal, and we're going to get Peter's perspective on what it is. But, let me just say, first of all, if you go to freebasicbook.com, you're going to get the book that Peter and I wrote called "Brilliant at the Basics." We're going to teach you how to get more leads, more time, more money, more freedom by just being brilliant at the basics. So, we're breaking this business down to its most basic elemental points, okay? So, go to freebasicbook.com. You get this book for free, just pay shipping and handling. We get that out to you in a few days,
