Wholesaling real estate has a reputation for being the “easy” way to get started in investing — and in many ways, that’s true. You don’t need a ton of cash. You don’t need a license. And if you play your cards right, you can make a good profit without ever owning the property.
But here’s the thing no one tells you when you're getting started: wholesaling can go sideways fast.
Maybe your buyer backs out last minute. Maybe the seller gets cold feet. Maybe a Title issue pops up that throws everything off course. The truth is, if you’re wholesaling long enough, a deal falling apart isn’t a matter of if, it’s when.
That’s why understanding the dos and don’ts of wholesaling — and knowing what to do when a deal takes a wrong turn — is so important.
Let’s walk through it.
The Right Way to Wholesale: What You Should Be Doing
Wholesaling works best when you’re prepared. It’s not about being flashy or cutting corners. It’s about knowing how to create win-win situations and avoid landmines along the way.
✅ Get That Inspection Clause In There
Every wholesale contract should have a solid inspection contingency. This gives you the right to walk away if something unexpected comes up — like major repairs, Title problems, or issues with the seller. Think of it as your safety net.
✅ Know Your Numbers
Guessing isn’t a strategy. Know your comps. Understand ... Read More…